Electronic Payments

Are you paying your suppliers and service providers by a paper check? Have you calculated the cost of processing a paper check, including the cost of the check, bank charges, envelops, mailing, and processing and check signing labor? You might be surprised to find out the real cost of issuing a paper check.

Have you considered other options? Payments via electronic means, generally ACH, are the most cost effective method of disbursements in today’s banking system. If employees’ paychecks are deposited directly into their bank accounts, why not remittances of suppliers and service providers ?

For more info on Patel CFO Services, please visit www.patelCFOservices.com

Ravi Patel


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