Advertising agencies act as the creative powerhouse in a world where creativity meets commerce. They are the ones shaping the way businesses communicate with their audience. With the combination of creativity, market insights, and the right planning, advertising agencies help businesses reach their target audience. There are over 13,000 advertising agencies in the U.S., having a growth rate of 6.1% annually from 2021-2026. However, to manage an advertising agency, the most important thing for you to consider is payments. To efficiently handle payments, you may use the AvidXchange alternative, OnlineCheckWriter.com – Powered by Zil Money.
In this blog, let us see how the cloud-based platform helps your advertising agency manage payments.
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Easily Handle Your Payments
When you own an advertising agency, you may have to send payments to various stakeholders depending on the services they provide.
- Media owners and Publishers – You may have to pay media outlets for ad space or time slots purchased to run ad campaigns. This can include television networks, radio stations, newspapers, magazines, websites, or digital platforms.
- Production Companies – To create content for the ads, advertisement agencies have to pay production houses. This can be for video production, print ads, graphic design for TV commercials, or digital content.
- Market Research and Data Providers – For data analytics, audience insights, and tracking of campaign performance, you may have to pay third-party companies.
- Freelancers and Content Creators – To assist in writing, designing, or videography, you may have to hire freelancers or contractors. For sponsored posts or collaborations in social media you may have to pay influencers and content creators.
All these stakeholders should be paid on time to run your advertising agency’s business operations smoothly. With OnlineCheckWriter.com – Powered by Zil Money, you can easily manage all these payments. You may send ACH, wire transfers, checks, eChecks, and card payments.
Send Checks for Businesses Seeking Tradition
To maintain clear documentation, some production houses, local media outlets, or freelancers may still prefer checks. When you order preprinted checks from third parties, it may take several days to reach. Delays in payments to these stakeholders can affect your relationship with them.
To maintain a good relationship, you can avoid check ordering and adopt check printing from OnlineCheckWriter.com – Powered by Zil Money. You may print checks on blank stocks, saving 80% on check printing costs, using any printer. The platform also helps you to easily create and customize checks with the drag-and-drop feature. If you do not want to print checks, you may mail checks to your payees. Using the cloud-based platform, mail your checks with a few clicks via USPS or FedEx.
Instantly Transfer Funds Via eChecks
If your stakeholders accept electronic checks or eChecks, then it will be the best option to consider. The eChecks are the digital version of traditional checks. With OnlineCheckWriter.com – Powered by Zil Money, you may easily send eChecks to your payees in a few clicks. All you need to do is create or import checks to the platform and send them via email or SMS. Your recipients will receive them in a one-time printable PDF format. Therefore, your recipients can print and deposit them like a regular check.
Make ACH Payments for Simplified Business Transactions
With OnlineCheckWriter.com – Powered by Zil Money, ACH payments can be made simple and affordable. ACH network is monitored by NACHA, and the platform is an official member of it. Therefore, ACH payments via the platform are secure, efficient, and follow industry regulations. Easily set up one-time or recurring ACH payments with the platform. You may also complete your last-minute transactions quickly with the same-day ACH feature. With this feature, you can send payments on the same business day. Your vendors will usually receive them the next business day.
Handle International Payments with Wire Transfers
As an advertising agency, you may have to pay media outlets, freelancers, partners, and vendors overseas. Paying them internationally using the traditional methods can take several weeks, causing operational disruptions. Therefore, you can consider wire transfers for quick and easy international transactions. With OnlineCheckWriter.com – Powered by Zil Money, you may easily send payments via international wire transfers. Other than international wire transfers, the platform also offers domestic wire transfers.
Make Credit Card Payments Even if Your Payee Does Not Accept
When you run an advertising agency, like any other business, you may face fluctuations in your revenue. Whether your income is low or high, you have to make timely payments to your stakeholders. Credit cards will be the best option to consider when your cash flow is short. However, many vendors do not accept credit card payments due to the interchange fees as it is a loss for them. Using OnlineCheckWriter.com – Powered by Zil Money, you can send credit card payments even if your payee does not accept them. The platform allows you to send credit card payments the way your payee wants to receive them, such as ACH, wire transfers, or checks. With this, your payee does not have to worry about interchange fees, and you can get the card rewards.
The Conclusion
Advertising agencies can easily send payments to their stakeholders using the AvidXchange alternative, OnlineCheckWriter.com – Powered by Zil Money. With the platform, you can send payments via checks for businesses that still prefer the traditional method. To make instant check payments, you may use eChecks. For efficient and secure transfers, the platform offers ACH, and for quick international transactions, use wire transfers. You can also send payments using your credit card on the platform.
