Improve Delivery for Time-critical Mail such as Monthly Billing
If you regularly mail invoices, delivery delays can affect receipt of payment
by an average of 45 days. Slow payments affect the time value of money as it
relates to your company's ability to pay on business debt, or to invest
excess cash in short-term investments.
Using DuoShare to validate your address list before mailing your invoices can
eliminate delayed payments due to incorrect addresses.
Calculating Time Value of Money:
100,000 invoices for $50 each
3,000 require forwarding or are returned because of incorrect addresses
|
| Annual interest rate on business debt |
6% |
| Annual |
$50 x 6% |
$3.00 |
| Per diem |
$3.00 ÷ 360 |
$0.08 |
| One billing payment delayed 45 days |
$0.08 × 45 |
$0.375 |
| Monthly dollar value loss for 3,000 late payments due to mailing problems |
$0.375 × 3,000 |
$1,125 |
The company incurs $1,125 in interest on its debt that it could
have paid down if payments had not been delayed by incorrect addresses.
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