Striata discusses innovative ways in which businesses can cut costs and simultaneously drive sales, to survive the current recession.
The current volatile economic climate is prompting rumours of retrenchments in almost every industry, but there are ways companies can cut costs without having to reduce their staff complement. Converting from paper to e-mail communication significantly reduces operational costs and affords companies with a substantial ROI.
Hammered by rising payment-infrastructure costs and a deteriorating economy, billers are starting to push customers harder to receive bills electronically rather than by paper. The rising tide of home foreclosures, indeed, serves as a wakeup call to billers that aren’t looking at electronic bill presentment, since it’s getting harder to reach people at their last known address, warns Regulus Group, a Napa, Calif.-based provider of billing and remittance services.
Josh Wendroff, director of marketing at Regulus, says he can’t estimate how many billers are adopting stronger tactics to push electronic presentment, but says, “It’s still a pretty small number.” Nonetheless, “a lot more [billers] are seriously exploring it versus a year ago, when they wouldn’t even consider it,” he says. E-bills are typically delivered to customers in the form of e-mail notices including links to a secure site where they can pay the bills.
CHANTILLY, Va.--(BUSINESS WIRE)--Online Resources Corporation (Nasdaq: ORCC), a leading provider of online financial services, today announced its eCommerce Services unit has introduced a robust disbursement solution that leverages the Company’s existing payments infrastructure. DIRECTV (Nasdaq: DTV) is one of five major billers that implemented the service in the first quarter.
Sunmark Federal Credit Union picked Earth Day to introduce an initiative to encourage its members to be moreenergy efficient in their financial transactions.
The Latham, N.Y.-based credit union will promote online banking by educating members about how easy it is to use and about the cost savings it provides Sunmark. It also will offer members free reusable grocery tote bags, made of recycled material, for enrolling in e-statements or online banking.
Jamesburg, NJ (PRWEB) -- Billtrust, the leading billing service provider, announced results of a billing survey conducted in conjunction with IDEXX Laboratories. The goal of the study was to measure satisfaction levels among IDEXX customers for their bill delivery method and bill design. The results of the research highlight the importance for B2B companies in understanding the different bill delivery methods available.
