Direct Benefits of Auto Recurring Billing for Businesses include:

• Faster payment processing (you get your money faster)
• Elimination of printing, mailing and postage costs
• Elimination of defaults and associated collections activities
• Streamlined data entry and bookkeeping
• Elimination of time consuming trips to the bank
• Normalized cash flow
• 24-48 hour NSF notification
• Improved customer service
• Ability to accept payments funded from credit/debit cards, checking account and savings accounts.

1. Customer data is entered once (including amount, frequency, duration, type of transaction and account information)
2. Payment Processing System charges/debits account on schedule and counts down payments left (system can also be set for indefinite duration)
3. Payment processing system automatically generates an email receipt for the customer and copies the vendor.
4. Payment Processing System automatically identifies all failed transactions and reconciles with main database.

1. Customer data resides in external database that calculates payment due
2. Data, including amount due and account information is exported to .csv file.
3. .csv file is uploaded to payment processing system as a batch
4. Payment processing system processes all transactions in batch
5. Report is generated for all successful and unsuccessful transactions
6. Report is exported and then uploaded back into original database, reconciling all open balances with processed payments

• Bills are automatically paid on-time, every-time, even if customers are ill or out of town.
• Late payment fees are eliminated
• Time and expense of writing and mailing checks is eliminated
• Customers can keep electronic records of all invoices and recei
  Need Of Flexible Circuits
  In the world of electronics, necessity is the mother of all inventions, holds best applicable to the invention, evolution and development of flexible circuits in all types of electrical and electronics gadgets. The flexible circuits have just recently come of age as an interconnection technology, although it was originally developed around two decades ago.In short, a flexible circuit is "a patterned arrangement of printed wiring utilizing flexible base material with or without flexible cover layers."Let us first understand the necessity of such circuits and the constraints posed by the earlier technology of printed circuit boards, which led to its invention.Increased application of electronic devices such as car stereos, heart pacemakers, disk drives, digital cameras etc., requires greater flexibility of circuit designing and installation, to maximiz
  ollections activities
• Streamlined data entry and bookkeeping
• Elimination of time consuming trips to the bank
• Normalized cash flow
• 24-48 hour NSF notification
• Improved customer service
• Ability to accept payments funded from credit/debit cards, checking account and savings accounts.

1. Customer data is entered once (including amount, frequency, duration, type of transaction and account information)
2. Payment Processing System charges/debits account on schedule and counts down payments left (system can also be set for indefinite duration)
3. Payment processing system automatically generates an email receipt for the customer and copies the vendor.
4. Payment Processing System automatically identifies all failed transactions and reconciles with main database.

1. Customer data resides in external database that calculates payment due
2. Data, including amount due and account information is exported to .csv file.
3. .csv file is uploaded to payment processing system as a batch
4. Payment processing system processes all transactions in batch
5. Report is generated for all successful and unsuccessful transactions
6. Report is exported and then uploaded back into original database, reconciling all open balances with processed payments

• Bills are automatically paid on-time, every-time, even if customers are ill or out of town.
• Late payment fees are eliminated
• Time and expense of writing and mailing checks is eliminated
• Customers can keep electronic records of all invoices and rece
  404 Sarbanes Oxley - The Ins And Outs
  Sarbanes-Oxley is more a set of guidelines versus a set of rules; it’s ultimately an act that mandates financial accountability. The original intent of Sarbanes Oxley is about accountability of executives but has morphed into something else within many enterprises. Transparency of, and accuracy in, financial reporting is what it’s all about.Sarbanes-Oxley is every bit as pervasive as Y2K, the only difference is it has no end. Sarbanes-Oxley is designed to increase corporate transparency and reduce the time between a material loss event, and when the event is reported. It is working.Named after Senator Paul Sarbanes, and Representative Michael Oxley, SOX is America's response to Enron and other scandals. Corporate America is currently facing major government-mandated change as a result of the Sarbanes-Oxley Act. Sarbanes-Oxley lays down the law in financia
  to reflect each payment collected. The two examples below provide the steps involved in auto recurring billing systems that process static and variable recurring charges.
  
  Auto Recurring Billing: Static Amount
  1. Customer data is entered once (including amount, frequency, duration, type of transaction and account information)
  2. Payment Processing System charges/debits account on schedule and counts down payments left (system can also be set for indefinite duration)
  3. Payment processing system automatically generates an email receipt for the customer and copies the vendor.
  4. Payment Processing System automatically identifies all failed transactions and reconciles with main database.
  
  
  Auto Recurring Billing: Variable Amount
  1. Customer data resides in external database that calculates payment due
  2. Data, including amount due and account information is exported to .csv file.
  3. .csv file is uploaded to payment processing system as a batch
  4. Payment processing system processes all transactions in batch
  5. Report is generated for all successful and unsuccessful transactions
  6. Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
  
  
  Why Your Customers Want Auto Recurring Billing
  Auto recurring billing is not only a time and money saver for businesses, but for consumers as well. In fact, many consumers are demanding it from the companies with which they do business—and if you don’t offer it, your customers may select a competitor who does.
  NACHA.org, the organization that oversees all electronic payments, reports that 54% of all US households currently use ACH (a direct-debit from a checking or savings account) for at least one monthly bill. Auto recurring billing takes ACH to the next level—eliminating the need for the customer to actively pay a bill (whether by paper check or online).
  
  Direct Benefits of Auto Recurring Billing for Customers include:
  • Bills are automatically paid on-time, every-time, even if customers are ill or out of town.
  • Late payment fees are eliminated
  • Time and expense of writing and mailing checks is eliminated
  • Customers can keep electronic records of all invoices and rece
    Secrets To Halving Your Business Electricity Bills
    When it comes to electricity, small and medium size enterprises can never assume they are getting a good deal. In fact, it's safe to say that - as the market stands today - businesses should assume the opposite is true, and that they are being taken for a ride by the big six energy providers. One of several smaller providers of business electricity, Electricity4Business has just compiled a free guide to help commercial electricity customers see through the dirty tricks.Despite the bad publicity heaped on industry fat cats, over 20% of customers have never switched electricity providers since deregulation of the market. The reason is that they simply don't have access to the right information. This document not only states the case for switching, it also provides all the necessary information and shows businesses how to carry it through.In the UK, the chanc
    nt
    1. Customer data resides in external database that calculates payment due
    2. Data, including amount due and account information is exported to .csv file.
    3. .csv file is uploaded to payment processing system as a batch
    4. Payment processing system processes all transactions in batch
    5. Report is generated for all successful and unsuccessful transactions
    6. Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
    
    
    Why Your Customers Want Auto Recurring Billing
    Auto recurring billing is not only a time and money saver for businesses, but for consumers as well. In fact, many consumers are demanding it from the companies with which they do business—and if you don’t offer it, your customers may select a competitor who does.
    NACHA.org, the organization that oversees all electronic payments, reports that 54% of all US households currently use ACH (a direct-debit from a checking or savings account) for at least one monthly bill. Auto recurring billing takes ACH to the next level—eliminating the need for the customer to actively pay a bill (whether by paper check or online).
    
    Direct Benefits of Auto Recurring Billing for Customers include:
    • Bills are automatically paid on-time, every-time, even if customers are ill or out of town.
    • Late payment fees are eliminated
    • Time and expense of writing and mailing checks is eliminated
    • Customers can keep electronic records of all invoices and rece
      Contractor Estimating - What They Need To Know
      There are many different types of contractors. Each type has specific guidelines that they must follow.In the construction industry, the guidelines can be very strict. In today busy world, those who are in the market for a contractor do not want to take any chances of hiring someone that is not properly trained. They prefer to hire someone who has a degree in one of five different fields. These fields are building construction, construction science, construction management, architecture or engineering.Many construction estimators who work in the contractor-estimating field have extensive experience in construction this knowledge comes from working in the construction industry for many years.Most consumers have little knowledge of the construction industry. Those who do have some knowledge of areas of construction such as heavy construction, masonry w
      you don’t offer it, your customers may select a competitor who does.
      NACHA.org, the organization that oversees all electronic payments, reports that 54% of all US households currently use ACH (a direct-debit from a checking or savings account) for at least one monthly bill. Auto recurring billing takes ACH to the next level—eliminating the need for the customer to actively pay a bill (whether by paper check or online).
      
      Direct Benefits of Auto Recurring Billing for Customers include:
      • Bills are automatically paid on-time, every-time, even if customers are ill or out of town.
      • Late payment fees are eliminated
      • Time and expense of writing and mailing checks is eliminated
      • Customers can keep electronic records of all invoices and receipts
      • Electronic payments are more secure than paper checks
      
      How to Implement an Auto Recurring Billing Program
      
      Implementing an auto recurring billing program is simple.
      

      
      If you currently accept payments electronically via direct-debit from a checking or savings account, or via credit card, you can likely use your current payment processing system to implement auto recurring billing. The auto recurring program can be implemented in two ways.
      

      1. Use the auto recurring billing functionality in your business management software (such as QuickBooks), and export a batch (daily, weekly, monthly) for processing in your payment processing system. This is best for variable payments.
      2. Implement the auto recurring billing function in your payment processing program (note that some companies require an additional charge for this function.) This is best for static payments.
      
      
      If you don’t already accept electronic payments, you will need to subscribe to this type of service. The simplest way to do this to find a service that will enable you to perform ACH transactions using your current business bank account. This system will enable you to set-up an auto recurring billing program for your customers where you can direct-debit their checking accounts for outstanding balances. (An additional benefit to this type of system is that you can electronically process any paper checks you still receive from customers who do not elect to participate in the auto recurring billing program.).

      
      
      

      Marketing an Auto Recurring Billing Program to Your Customers
      Once you have processing capability in place, you can open the auto recurring billing program to your entire customer base. Many consumers know about these programs and are excited to sign-up for the new offering. Others need to be educated about the electronic payment process, and the benefits it can provide them.
      

      Note that you cannot enroll a customer in an auto recurring billing program without explicit permission. Each customer must provide you with bank account information and sign a form giving you permission to debit that account.
      
      Electronicpayments.org provides a wealth of information about electronic payment processing, and also provides materials you can use to educate your customers.
      
      Most organizations introduce auto-recurring billing programs by sending a letter to the customer base, and asking them to sign-up for the program. A sample customer letter is available here.
      
      When customers have signed up, you stop mailing them paper invoices, they stop mailing you paper checks and all billing and collections are handled electronically.
      
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