This blog will guide you on how to save administrative costs using AvidXchange Alternative, OnlineCheckWriter.com – Powered by Zil Money.
Owning a mattress store is not a small thing. You are providing your customers with the foundation for their health, well-being, and comfort. Presently, the mattress market is worth $30.81 billion globally and is expected to grow to $64 billion by 2030. In the US, almost 36 million mattresses are sold annually. This shows there’s tremendous demand for quality sleep, and you’re right in the middle of a booming industry.
However, like many businesses, mattress stores are facing challenges, and inflation is a major player in this. The rising costs of materials, transportation, and even labor have made it harder to maintain profit margins while still providing quality products to your customers. In a situation like this, finding cost-effective ways to run your business is important. But the problem is, in a period like this, the areas where you can cut costs are limited. You cannot cut costs by reducing the materials bought or reducing the number of employees without negatively affecting the profitability of your business.
One area where you can cut costs without any side effects is payments. Switching from using traditional payment options to online payment methods can help you save a lot of costs. Now the question comes: Which is the best online platform that helps you make payments with the most convenience? The answer is OnlineCheckWriter.com – Powered by Zil Money.
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Save Money by Printing Checks on Demand
Traditional payment methods are mostly costly. Take the example of checks; when you are using traditional methods, you will be ordering them from third parties. Ordering pre-printed checks like this can cost you a lot of money.
Alternatively, if you are using OnlineCheckWriter.com – Powered by Zil Money, you can print checks on demand. The platform lets you print checks on blank stock papers, which will save you 80% of check printing costs compared to ordering pre-printed checks. Moreover, the platform allows you to print checks on blank stock papers. That is, you don’t have to buy any extra equipment for the printing purpose.
The on-demand printing facility also helps you save on storage costs. Since sensitive financial information is printed only at the last moment, you don’t need to store large volumes of pre-printed checks, which can be both costly and risky.
Centralized Platform for Saving Money
OnlineCheckWriter.com – Powered by Zil Money, helps you to do multiple financial operations with a single subscription. Apart from printing your checks, you can also mail them with the platform. The entire mailing process, from printing, enveloping, labeling, and finally sending your checks via USPS/FedEx, will be done by the platform. The ability to do all these from a single platform helps you to save a lot of money compared to doing all these separately.
The platform also offers other low-cost payment solutions such as ACH, wire, credit cards, and more. Making payments via ACH is one of the most cost-effective solutions you can have. The platform is an official member of NACHA, which is the organization guiding ACH transfers.
You can make both international as well as domestic wire transfers with the cloud-based platform at an affordable cost. For making international wire transfers, you need specific codes like SWIFT or IBAN, and for domestic transfers, you only need a routing number and account number.
Apart from saving your money, the platform also helps you to offer cost savings to your payee as well. The credit card feature from the platform eliminates the interchange fees that your payee may have to pay normally. The platform does this by acting as an intermediary between you and your payee. With the platform, you can initiate your payment using a credit card; the platform will accept it and will send the same amount via another payment option chosen by you.
Integrate Your Accounting Software with No Extra Cost
If you have a subscription to OnlineCheckWriter.com – Powered by Zil Money, you can integrate it with your accounting software at no extra cost. This integration helps you to import checks directly to the platform and thereby eliminates the need for manual work. You can even customize these imported checks. The drag-and-drop feature on the platform allows you to add or remove elements from the checks.
You can add elements like your logo, font, and more that can enhance professionalism. For security purposes, you can add watermarks and digital signatures, which can make your checks hard to copy. All these can be done with the platform at no extra cost.
Conclusion
AvidXchange Alternative, OnlineCheckWriter.com – Powered by Zil Money, is one of the best ways for a businessman to make cost-effective financial operations. The multiple cost-effective features offered by the platform allow you to save money and increase your profit, especially during this inflation period.
