PAPERLESS BILLING

Cleverfish clients receive their invoices and statements via email. 

The obvious cost savings of EBPP comes from decreasing — and eventually eliminating — printing and mailing expenses. It costs between 75 cents and $2 for each document generated and mailed. Another $1.25 is saved for each paper check eliminated.

There also is the added advantage of substantially cutting both the inbound and out bound float. Electronic fund transfers provide near-next-day availability of funds, and electronic bill generation virtually eliminates statement rendering, printing, folding, stuffing, metering and sorting.

A reduction in just one day of the total billing cycle results in savings of more than $200 million economy wide. Eliminating inbound and outbound float has the potential of yielding $800 million to $1.4 billion in savings annually.