Post on 19-Jul-2015
• 97% of businesses said moving to the cloud produces the desired results-reduced costs & increased flexibility
• 67% of companies believe personal mobile devices improve performance and productivity.
• Time saved • Instant Search & Access -Invoices & supporting documents • Unlimited storage • Cloud-based- average $0.00-$20.00/month
125% safer with an ePayment than a check
Lower fees than Credit Cards • ACH-average $0.50/transaction •�Reduce Payables Processing Costs by 67%
Permission levels Backup & disaster recovery Bank level security • Encryption • Multifactor authentication • Privacy certifications
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Referenceshttps://www.fedex.com/ratefinder/standalone?method=getQuickQuote
http://postcalc.usps.com/
http://www.amazon.com/Fax-Machines-Office-Electronics/b?ie=UTF8&node=172582
http://www.verizon.com/smallbusiness/
http://www.att.com/smallbusiness
http://www.business.com/guides/charging-interest-and-late-fees-855/
http://www.stamps.com/usps/postage-rate-increase/
http://www.bls.gov/ooh/office-and-administrative-support/bookkeeping-accounting-and-auditing-clerks.htm
http://www.bls.gov/oes/current/oes132011.htm
http://www.afponline.org/mbr/reg/pdf/2013_AFP_Payments_Fraud_and_Control_Survey_-_Full_Report.pdf
http://www.acfe.com/uploadedFiles/ACFE_Website/Content/rttn/2012-report-to-nations.pdf
http://www.onlinefaxservice.com/
http://www.myfax.com/
http://www.efax.com/
http://www.HelloFax.com
http://www.bill.com
http://shopper.cnet.com/4566-3141_9-0.html
http://www.microsoft.com/en-us/news/Press/2013/Jun13/06-11CloudStudyPR.aspx
http://www.channelinsider.com/c/a/Cloud-Computing/Small-Business-Embracing-Cloud-Computing-Mobility-637435/
http://www.cardfellow.com/blog/average-fees-for-credit-card-processing/
http://en.wikipedia.org/wiki/Interchange_fee#cite_note-Visa_rate_hike-12
http://www.techcentral.ie/19443/empowering-workers-through-technology-and-mobility-drives-productivity-
http://www.itbusinessedge.com/guest-opinions/identifying-and-prioritizing-the-business-benefits-of-mobility.html
http://online-storage-service-review.toptenreviews.com
Mobility:
• Backup Documents
Get Buried.• Invoices lost - Duplicate Payments
- Poor Decisions
- Late fees
Losing Documents:
• Fax machine- $150
• Phone line- $26/month
• Print cartridges- average
$0.33/page• Toner average $0.42/page
• Envelopes $7.00/box of 100
• Postage: First class stamp
$0.46 Overnight: $60.00
Cost of maintaining paper-based payables:
• Paper checks expose your account information & are vulnerable to interception.• Billing schemes & check tampering account for 42% of SMB fraud cases.• A typical organization loses 5% of its annual revenue to fraud.
Lack of Security:
• Lack of collaboration• Less control• Not mobile• Chained to your desk
Paying Manually:
1.
• 61% of organizations experienced attempted or actual payments fraud.• 87% of affected orgs. Report checks were targeted.
Fraud Vulnerability:
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Frau
d Pr
otec
tion
& M
ulti-L
evel
Sec
urity:
ePay
men
t (A
CH):
Clou
d Do
cumen
t Man
agem
ent:
• Bookeeper: $16.36/hr. avg.• Accountant $34.15/hr. avg.• Chief Executive: $84-$101/hr. avg
Wasting Labor: Valuable staff time wasted managing minutia
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6 payments mistakes that are costing your business.
And how to avoid them.