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[FREE] Template: Letter to Help Customers Transition from Checks to Electronic Payments

Do you know that you can save up to $0.29 internally by using ACH? Leverage this ready-to-use letter template to guide your customers through the process of transitioning from paper checks to electronic payments.

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About this course

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description
lessonOverview

Did you know that 66% of businesses have reported check fraud? The 2022 AFP payments fraud and control study found that just 37% of these organizations experienced ACH debit fraud.

Check payments not only pose security challenges but also have a typical processing and depositing cost of $1.01 to $2.00 for businesses.

As an A/R analyst, how can you ensure your payment transactions are secure and cost-efficient? You can encourage your customers to switch to an ACH or electronic payment method, which is better and safer.

Download this letter template to help your customers transition to a safer and better mode of payment and minimize possible payment fraud on your A/R.

Key Takeaways:

  • How to Ensure Secure Payments
  • How to Improve the Organization's Overall Cash Flow
instructor
name title image description
JOHN M.DONOVAN Advisory Services Consultant, Quote to Payment John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.
recommendation
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Cash Reconciliation Complete Guide to Different Payment Options in Cash Application Leverage this A/R manager’s guide and learn how to deal with processing variables to improve your existing cash application process. https://academy.highako.com/complete-guide-to-different-payment-options-in-cash-application 30 Mins
A/R Frauds and Laws Eliminating B2B Payment Frauds | Check and Bulk Transfer Frauds This course helps you identify gaps in your payment processes that can be an enabler of fraud. https://academy.highako.com/business-fraud-elimination-course 60 Mins

About this course

promoImage
description
lessonOverview

Did you know that 66% of businesses have reported check fraud? The 2022 AFP payments fraud and control study found that just 37% of these organizations experienced ACH debit fraud.

Check payments not only pose security challenges but also have a typical processing and depositing cost of $1.01 to $2.00 for businesses.

As an A/R analyst, how can you ensure your payment transactions are secure and cost-efficient? You can encourage your customers to switch to an ACH or electronic payment method, which is better and safer.

Download this letter template to help your customers transition to a safer and better mode of payment and minimize possible payment fraud on your A/R.

Key Takeaways:

  • How to Ensure Secure Payments
  • How to Improve the Organization's Overall Cash Flow
instructor
name title image description
JOHN M.DONOVAN Advisory Services Consultant, Quote to Payment John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode.
recommendation
image tag title description link duration
Cash Reconciliation Complete Guide to Different Payment Options in Cash Application Leverage this A/R manager’s guide and learn how to deal with processing variables to improve your existing cash application process. https://academy.highako.com/complete-guide-to-different-payment-options-in-cash-application 30 Mins
A/R Frauds and Laws Eliminating B2B Payment Frauds | Check and Bulk Transfer Frauds This course helps you identify gaps in your payment processes that can be an enabler of fraud. https://academy.highako.com/business-fraud-elimination-course 60 Mins