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“Pre-authorized checking improves cash flow by eliminating
the time lag between billing and payment, and saves EFT fees and
invoice costs. It also spares clients the hassle of writing and
mailing checks.” -- Business Week Enterprise/June 22, 1998
“The Check’s in the mail !”
"Your invoice must have gotten lost in the move."
"Did you send me a bill this month?"
"Can't you draft this from my checking account?"
"Sorry, I forgot to mail my payment."
"Let me look at my checkbook, and I'll call you right back!"
"I thought it was due the 15th!"
"I've been out of town for a couple of weeks."
Sound Familiar?
The reasons for untimely payments could go on and on. Paper Drafting
can help eliminate many ofyour collection problems before they even
occur. Ask your representative how the Paper Drafting can help improve
your cash flow.
Even with the best intentions, some of your customers will have
difficulty making every monthly payment to your office on time.
You can continue spending a small fortune on sophisticated billing
and collection systems, or you can switch over to one of the fastest
growing methods for receiving monthly payments from your customers.
It's Paper Drafting.
Paper Drafting uses "Pre-Authorized Checking" to insure
that all monthly payments are received on time for each customer
signed up on the service. Instead of wondering when, or if your
customers are going to send in their payments, you receive a pre-authorized
check on time each month for every customer on the program. You
simply take the pre-authorized checks to your bank and deposit them
like normal checks.
To sign a customer up, a single page release form, similar to the
one shown below, is completed and delivered to our processing center.
We will customize the form and format to conform to both your business
Logo and format and required standards.
This document is used to certify that
(Your Company Name)
has the right to use Pre-Authorized Checks
as a method of receiving regular monthly
payments of $__________
on the _____ day of each month
beginning on ___ __________ , 20___, and
continuing through ___ __________ , 20___,
OR
until otherwise terminated
The pre-authorized checks will be drawn on the account
shown below:
Bank Routing Number: ____________________
Checking Account #: ______________________
Signature: ___________________________
Date: _______________________
On the agreed-upon day each month, the pre-authorized checks from
your customers will be delivered to your office. Imagine the efficiency
gained when you deposit all of your customers' pre-authorized checks
into your bank like clockwork each month. With pre-authorized checking,
there is no computer access into your customer's checking account.
Your customer's check is simply recreated on the appropriate day
each month for deposit into your bank.
This non-threatening approach makes signing up customers for Paper
Drafting very easy. Because you will be in control of the checks,
there is no chance for the bank to make a mistake on your customer's
account. The flexibility allows you to even hold a check for a few
days if necessary for your customer. There is no cost for software,
hardware, phone lines, or any of the typical expenses required for
electronic fund transfers with a bank. Considering convenience,
cost efficiency and excellent service, Paper Drafting is rapidly
becoming one of the nation's leading methods for automatic payment
processing.
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