The Secret to Flexible Postage Solutions for Enterprise Mailers.
Every business wants a clear view of its cash flow in order to keep up with debts, plan future investments and enjoy the flexibility to confidently make critical purchases when the time is right. However, there’s one often-overlooked operational cost that could limit the flexibility of your company’s cash flow and slow down your ability to react to ebbs and flows of business: postage costs.
The USPS® requires customers to pay for all postage in advance. For enterprise mailers who send large volumes of transactional or direct mail, such as financial services, healthcare or insurance businesses, this means making periodic bulk purchases of significant volume. For example, First-Class Mail® customers sent more than 58 billion pieces of mail in 2017, at a cost of more than $25 billion.
The problem? Bulk postage eventually runs out, and if you don’t have enough postage to support a surge in mail volume, you’ll need to pause operations until you can get more. That’s when postage payments can become an obstacle to your business and a drag on your time to market.
Many enterprise mailers already seek to make mailing simpler and more cost effective by partnering with third-party presort services providers like Pitney Bowes to manage their mailstream. Besides offering access to greater postage discounts and streamlining mailing operations, working with Pitney Bowes Presort Services also gives you access to two options that allow you to prepay for USPS postage or postpone payments to a later time, which helps you regain cash flow flexibility and keep your mail running.
Here’s everything you need to know about the benefits of working with Pitney Bowes Global Financial Services.
How it Works
Pitney Bowes Global Financial Services has been in operation for more than 20 years as a fully FDIC-insured financial services provider that’s able to take deposits and lend money. The Pitney Bowes bank works with approximately one million global customers and is backed by more than 100 cumulative years of experience in global banking and financial services.
As a Global Financial Services customer, you have two options to pay for postage:
- An FDIC-insured deposit account where you can securely keep all postage-related funds
- A line of credit you can use to finance immediate postage costs
How Presort Customers Benefit from Global Financial Services
Pitney Bowes Global Financial Services simplifies postage payments by giving you a single, independent point of contact for all of your enterprise postage costs. This unlocks several benefits for enterprise mailers:
- Flexibility – Your business’s cash flow is no longer impacted by the ebbs and flows of postage spending. With a line of credit, you have the option to fund your immediate postage costs through unexpected surges in mail volume and pay it back at a later time.
- Security – All of your postage-related funds are protected by FDIC insurance, eliminating financial risk for this significant cost.
- Convenience – You have a single place to track and monitor all of your postage spending, a level of visibility that is otherwise difficult to achieve.
The Bottom Line
The best presort services providers offer more than just technology solutions; they’re a partner that brings value to your overall business. Backed by Pitney Bowes Financial Services, Pitney Bowes can offer the unique financial expertise and services needed to help enterprise mailers maximize their working capital. As a result, you can work smarter, nimbly react to changes in your business and take advantage of benefits that lower the cost and complexity of your mail processes.
To learn more about our flexible payment solutions please visit Postal Expense Management Solutions.