One of the best investments you can make for your business this year is to spend an hour (and probably less) with a transactional (billing) expert. A transactional expert handles printing, processing and mailing bills.
Companies often spend too much time and money trying to collect the money owed them. Because it is not their area of expertise, they are often inefficient and that costs them in the long run because they don’t get their payments as quickly. Outsourcing your transactional work is an easy way to get a business in better financial shape, sort of like going to a personal trainer when you decide you are going to burn off 20 pounds by working out.
Here’s how a meeting with a transactional expert typically works:
Of course, that is not the end of the process. After you decide what you want, the transactional professional will design your bills and develop a process for preparing and mailing them. You’ll get to see how the process is developing and make approvals and tweaks along the way.
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