AR processing costs 3-5%
But it shouldn’t.
Speedchain digital receivables
Lowers the cost to 1.5%
Secures your transaction data
Accelerates payment timeline
Lockboxes are expensive, slow, lack security, and are a hassle for your team and your customers
-
High bank and third-party fees make it expensive
-
Traditional process, mail and delivery options make it slow
-
Lack of modern data infrastructure and vulnerable processes subject to unchecked personnel make it insecure
-
Complicated processes that require manual reconciliation and inefficient workflow make it complicated
Speedchain digital receivables costs less, are more secure, and easier to use
-
Eliminating manual processes and traditional workflow along with industry best processing rates results in AR that costs less
-
Digital payments can take as little as one day—getting you your money faster
-
Transaction tracking on a cloud native data platform is significantly more secure
-
Digitized AR means your customers can pay with a couple clicks of button from an email, making it much easier to use