Accounts Payable is a vital role of each company, and it's necessary that bills are paid quickly and economically. While private check payments are decreasing over the last ten years, nearly all companies still use check payments to cover their invoices, according to the Federal Reserve's 2016 Payment Research.MICR printers may provide these companies the capability to lessen the probability of fraud and human error, while also saving money.
Ahead MICR Check Printers: Issuing A/P check payments manually
The vast majority of all Acounts Payable (A/P) branches paying bills through test payments are still utilizing pre-printed check inventory along with also a laser or dot matrix printer rather than a MICR printer. Those pre-printed checks pose some Substantial dangers:
Price - Pre-printed check inventory is more expensive to buy, store, distribute and re-order if business information changes.
Individual Error - Manual procedures are vulnerable to errors.
Following: Automating the Accounts Payable (A/P) assess issuance procedure with MICR Tools
An integrated hardware and software solution created especially for check printing makes a protected, cost-effective way of printing A/P invoices on-demand whilst providing control over the whole procedure. The Accounts Payable printing option includes CheckPartner Enterprise applications and protected MICR printers.
CheckPartner Enterprise unites the information transfer capabilities of the net and the most recent test printing technologies to permit companies to print checks with full control of this procedure. Our secure MICR printers publish static information, varying data and necessary signatures on blank check stock on-demand in one printer pass. This combination of hardware and software features visibility and control for printing A/P check payments on demand, offering greater efficacy for this particular business-critical function.
Listed below are the advantages of utilizing a secure MICR alternative for test printing.
Remove the need for pre-printed check inventory - it save 82 percent in document costs alone by shifting to blank check stock and assess printing technologies
Virtually eliminate the possibility of check fraud - without any pre-printed checks to be pilfered
Automate a manual check payment process - automation removes the chance of human error
Is the company still utilizing checks to cover workers? Save money and lessen the probability of fraud by implementing a safe MICR solution to publish the tests. After all, who doesn't wish to save a little money, not eliminate sleep at night on how they're dispersing their workers earnings?