A Business Owner’s Guide to Overcoming Payment Delays and Staying on Track

5 Strategies To Avoid Payment Delays • Paymo

Elizabeth is the owner of a small shoe manufacturing company in America. For the last two years, her business has been completely dull. She tried all the way she could to increase sales, but every new initiative she took brought her further loss in the business. Recently, she happened to meet an old friend, Jimmy, who is a football coach. After listening to her story, her friend told her about an event that was about to be conducted in the town. As Jimmy was a member of the organization who is hosting the event, he knew that the organization was planning to give all the players sports shoes as a gift. He asked Elizabeth to meet the head of the organization and arranged a meeting with the head.

Luckily, the head was convinced by Elizabeth and gave her the order. For Elizabeth, this was a golden opportunity to save her business from drowning. She had only two weeks left to complete the order, and the pressure was immense. Since she already had pending payments to her raw materials providers, they were not ready to give her more stocks without payments. Fortunately, the event organization has given her a small amount as an advance. She thought of paying that amount to her suppliers to settle the previous payments and planned to pay them for the stocks she was purchasing after receiving the rest of the payment from the organization. This was her plan, but for this to happen, she should pay her suppliers immediately.

At first, she thought of sending checks via traditional methods. That is, ordering pre-printed checks from third parties and then mailing them by personally going to the post office. From her previous experiences, she knew that this method would not help her in this urgent situation. So, she thought of using digital payment methods. But, when she informed her suppliers about this, they were not ready to accept digital payments. They needed only checks.

Elizabeth didn’t know how to handle this situation and approached Jimmy once again for help. This time, Jimmy is not worried after hearing about Elizabeth’s problem, as he knows that this is something that can be solved very easily. He told Elizabeth about platforms like OnlineCheckWriter.com – Powered by Zil Money, which helps businesses mail checks immediately. Elizabeth was quite convinced, and she took a subscription to the cloud-based platform.

How Mailing Checks Online Helped Elizabeth?

The check mailing feature from cloud-based platforms like OnlineCheckWriter.com – Powered by Zil Money, allowed Elizabeth to make payments right on time. She used the FedEx feature to pay suppliers who provided items she needed urgently or was running short on. Actually, there are two features under the FedEx feature. The first one is FedEx Overnight Mailing, which delivers checks within the next business day, and the second one is FedEx Saturday Mailing, which sends your checks even on weekends.

To pay for items that were not so urgent, Elizabeth used the USPS feature. Under the USPS feature, there are three features. The first one is express mail, the second one is priority mail, and the third one is first-class mail. Express mail and priority mail are delivered within two business days and one to three business days. The third feature, the first-class mailing, is one of the low-cost solutions you can have. With this feature, you can make payments both within and outside of the US. They usually come with and without a tracking facility.

Coming back to Elizabeth, using cloud-based platforms like OnlineCheckWriter.com – Powered by Zil Money, not only helped her to deliver checks quickly but also helped her simplify the payment operations. Earlier, while using traditional methods, she had to do the entire mailing process on her own, but now, since she has a lot more work to do, wasting time on mailing checks is not possible.

Using platforms like OnlineCheckWriter.com – Powered by Zil Money, helped her to mail checks without manually going through the entire process. These platforms automate the entire process of check mailing. That is, the platform will print your checks, envelope them, label them, and finally mail them on your behalf. Elizabeth was also able to eliminate the manual data entry process. For this, she just had to integrate the platform with her accounting software. The integration helped her to import checks directly to the platform.

Conclusion

With the check mailing feature from cloud-based platforms like OnlineCheckWriter.com – Powered by Zil Money, Elizabeth was able to pay her suppliers on time and ensure that her production process continued without interruptions. This helped her to stay on schedule and manufacture the shoes for the event successfully. Elizabeth’s story highlights how modern payment solutions can help small businesses to overcome challenges and seize opportunities. If you’re a business owner facing similar hurdles, consider adopting platforms like OnlineCheckWriter.com – Powered by Zil Money, to simplify your payment processes and focus on growing your business.

Leave a Reply

Your email address will not be published. Required fields are marked *