If you think you’re spending too much time on shipping bills, you’re not alone. The recent Pitney Bowes Parcel Shipping Index, Sept. 2021, showed a 27% year over year growth in parcel volume. The package total is rising and so is the cost per shipment. Plus, if your company also ships with multiple carriers, has multiple offices or employees working remotely, you see how carrier billing may get very complicated, very quickly.
More businesses are looking for ways to simplify and streamline payments to their carriers. For many, the solution they’re choosing is carrier payment options from The Pitney Bowes Bank, Inc., Member FDIC.
What are the carrier payment options?
In a nutshell, Pitney Bowes offers flexible terms for a business credit line dedicated to shipping. All your carrier charges are billed directly to your Pitney Bowes shipping credit line. The Pitney Bowes Bank pays your shipping carrier(s)*, then sends you a single invoice that lists all your carrier charges for that billing period. This consolidated invoice makes your carrier costs easy to review and simple to pay. You get one bill with one total amount for shipping. Pay it and you’re done.
While our carrier payment options may greatly simplify your shipping payments, it also offers a surprising number of other advantages. Here are five important ones:
1. Reduce the time spent paying shipping bills by up to 50%.
Many clients report a significant time saving for Accounts Payable. And no wonder. A/P only needs to pay a single consolidated invoice that lists the carrier charges. For audit purposes, you can still access the full details of each transaction from your carrier account. In short, paying one consolidated invoice results in increased efficiency and a lot less frustration.
2. Improve your cash flow by extending your shipping billing cycle.
Compared to carriers, Pitney Bowes Bank may offer payment terms that are more flexible, such as reducing your billing frequency and extending your time to pay. Extended payment terms enable you to hold onto cash longer, plus you’d have the option to make a minimum payment, pay the full amount or something in between. This flexibility may make your cash flow more predictable.
3. Gain a centralized view into your shipping spend.
By consolidating your carrier charges onto one dedicated business credit line, you may stay on top of your shipping spend across your organization. On a single screen, you’re able to monitor a running tally of all your shipping charges across various accounts, locations or carriers. This lets you quickly spot irregularities and prevent overspending.
4. No more late payment penalty fees on carrier bills.
No one likes the stress of making sure all the carrier bills are paid when due. With our carrier payment options, you don’t have to worry about some bills falling through the cracks, then getting dinged with penalty fees. Your carrier bills get paid on time.*
5. No need to change your negotiated rates or the way you work with carriers.
In other words, this credit line doesn’t change your current carrier relationships. You keep your negotiated rates and you ship packages just like before. All that stays exactly the same. There are no disruptions in the way you ship. And there’s no charge for setting up your account.
Are our carrier payment options right for your business?
That’s a good question. And it’s easy enough to find out. Have a conversation with a carrier payment specialist. There’s no obligation. Ask your questions and get clear answers. Who knows? You may be taking the first step to simplifying your shipping bills once and for all.
There may be others in your company who’d be interested in this article. Please forward it to them. Many may be unaware of additional billing choices, such as carrier payment options. Chances are they’d appreciate you sharing this information.
*Provided your account is current and in good standing.
Eligibility and terms are determined by The Pitney Bowes Bank, Inc., Member FDIC. This is not a commitment to lend, does not create, and is not intended to create, a legally binding obligation on either of us. Additional terms and conditions apply. Fees and charges may apply as provided in the terms and conditions.