Technology is a beautiful thing. Not that long ago, you had to write (or accept) for payment, paper checks for just about every business transaction. Nowadays, digital transformation has changed everything, including how we work. Before a notebook or an agenda would be enough, nowadays you need customer relationship management software to be up to speed.
Take, for example, a great CRM. A few years ago, it was just a system to organize information. Today, with platforms like CRMDialer, you get more functionality than ever all in one spot. You don’t have to log out of your CRM to log into your email, website tracking system, calendar, phone system or SMS — it’s all right there for you. Not only can you streamline your business practices with an awesome CRM, you can also send invoices and collect payments right from that same CRM, eliminating a ton of hassle in the process. Want to learn more about the benefits of check payment processing? Check this out.
In the old days, your customer would write a paper check and pop it in the mail. You’d have to wait a few days or even up to a week until the check came in the mail. Then, you’d have an employee take it to the bank, deposit it and wait another few days until the check cleared. Whew.
With electronic check conversion, this all happens in a matter of minutes instead of days. That paper check gets run through the system, converted into an electronic check and deposited immediately. Even better, you can also accept e-checks, which start and end electronically — no paper involved at all.
Faster Access to Funds
Go back to that scenario we mentioned earlier — the days of waiting for the check to come, then having to deposit it and wait for the funds to clear. Electronic check conversion eliminates much of this downtime. Once you receive your paper check, you run it through the conversion system and wham! It works just like an e-check. You can deposit it immediately. And with your favorite power dialer CRM, you enjoy next-day funding. No more waiting days and days to access your money.
Identify Insufficient Funds Instantly
We have to talk about one more drawback of the old way of doing things. After waiting to get the check, making a visit to the bank to deposit it and waiting till the money cleared, some business owners received a rude awakening when they couldn’t access the funds because the check bounced. No longer. Today, whether the check is electronically converted or processed as an e-check, insufficient funds are revealed almost immediately, making it faster and easier to resume the collection process and ultimately get paid. Streamlining things can really save your sanity.
That’s why we have packed our CRM with so many groundbreaking features — all for the benefit of our customers. That’s also why we created our unlimited users CRM account options. Get access to the functionality you need at a price point that works for your business. For more information on CRMDialer’s robust customer and lead management software, or on any of the platform’s built-in sales and productivity features. You can schedule a free demonstration, reach out to our team, or, better yet, start your free trial today!