Earth Day is past. We like to make every day an Earth Day,but we don't want to give you the impression that SmartPay is a sacrifice you should make for the environment.
Paperless billing is a green choice, certainly, but it can also help keep your business in the black.
Consider all the costs involved in sending out a paper invoice:
• Printed envelope $.03
• Printed letterhead $.07
• Printing one sheet $.27
• Postage (as of 5/01/09) $.44
• Labor costs $.40
Total $1.21
We’re being conservative here, assuming that you are paying only $10.00 an hour (counting benefits) for someone who can prepare, process, and mail forty invoices an hour. We’re assuming that your office printer is at the low end of the range for cost of printing, and that your invoices are a single sheet of paper. We’re not counting the cost of electricity, or of fuel if you have to take invoices to the post office, as many small businesses do. We’re assuming that you don’t make physical copies of the invoices, as you might if you prepare invoices by hand, so we're not including copying or storage costs for those copies. We’re not even considering the labor costs for receiving, sorting, opening, processing, and filing the paper payments, nor for the costs involved in preparing and depositing those paper payments. We’re not considering the opportunity cost involved for the small business in diverting workers to the task of invoicing.
With SmartPay, your total cost for an invoice can be as low as 39 cents.
Add the benefits of faster turnaround, a more forward-thinking and professional image, and increased customer satisfaction, and you can be sure that your business will benefit from SmartPay.