NEW YORK, Aug. 2, 2017 /PRNewswire/ -- The nation turned 241 this past month, and millions of Americans participated in a bevy of time-honored traditions. More than three quarters of us will have gotten together with family, 80 percent of us will have attended a barbecue, picnic, or cookout, and 150 million hot dogs will have been consumed, along with nearly a billion pounds of chicken, red meat, and pork.
But for small-business owners, the time off is often used for a little bookkeeping catch-up. Maybe not all day, but a few quiet morning hours are reserved for evaluating how the first two quarters of the fiscal year have gone. Many of these business owners will reach a similar conclusion: there are always more ways to improve efficiency, cut costs, and save money.
For E-Complish, a leading payments solutions provider, the number-one way to achieve these aims is through the use of the company's signature Electronic Billing Presentment and Payment system. Abbreviated as EBPP, Electronic Billing Presentment and Payment is the simplest way to convert to electronic payments for a business and its customers. Fully integrated with HostPay, MobilePay, and Virtual Pay, EBPP immediately reduces costs associated with paper and postage and provides an intuitive payment platform.
Businesses that have converted to EBPP have seen, on average, a 20 percent reduction in costs and a 15 percent reduction in late or missed payments, with nearly half of all enrolled customers paying their bill the same day the request is emailed.
"This is just the kind of solution businesses of all sizes are looking for," says Stephen Price, E-Complish's CEO. "That's because paperless billing is where customers want to go — not just tech-savvy millennials, but older Americans, too. In fact, nearly half of consumers, according to a recent study, say they are more satisfied with that brand if it offers multiple billing and payment options. Even more customers — about 77 percent — say they appreciate payment reminders to prevent late payments. This too, is another valuable service EBPP provides."
EBPP features online enrollment and also has the ability for users to view bills in HTML and PDF formats. The system processes transactions in real-time on Level One PCI compliant servers and accepts payments from personal or business accounts and all major credit cards. In addition to the immediate cost savings and the speed of transaction delivered to both the business at hand and its consumers, the system also saves time by eliminating the need to chase down late-paying customers. EBPP is ideal for businesses with ongoing billing and merchants who still use paper billing, utility, and insurance companies, as well as financial institutions are excellent candidates to adopt this important tool.
"There's also a green initiative at work here, too, which should not be overlooked," Price says. "The environmental impact of paper bills really adds up and has additional societal detriment along with the cost of disposal. Creating just 1,000 paper bills requires 336 lbs. of paper, 1,241 lbs. of wood and nearly 4,000 gallons of water. Converting just 20 percent of those bills to e-bills would save three household garbage bags of trash, five gallons of gas, and 747 gallons of wastewater. What better way for American business owners to show their Fourth of July pride than by adopting the EBPP system?"
Since 1998, E-Complish has provided merchants around the country with top online and over-the-phone payment processing services that keep customer data secure and make it easier for retailers to manage transactions. E-Complish uses the latest groundbreaking technology to design payment processing services that deliver ease of use, accuracy and dependability, personalization capabilities, and automation that improves productivity.
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