Company Presentation

The billing and collection process for companies can be expensive, difficult, and often unsuccessful. National averages show that mailing a monthly statement can cost up to $3.50 per statement. When you factor the time that it takes a company to mail the statements, then wait for the customer to mail the money back, it's no wonder Business, Government, and Educational organizations are looking for a faster, more efficient solution.

WHO CAN USE THIS TECHNOLOGY?

Big or small. Local or national. Anyone can use the program if they are sending monthly invoices. Monthly services, subscription-based services, rental companies, membership associations, and school districts can all use the Modern Payment System to improve cash flow.

Organizations that have customers or students with large balances can also use the system to allow them to make affordable payments. Once on the system, managers can feel confident that the Modern Payment System will collect the remaining payments – automatically. Companies may charge a small admin fee and make this a no-cost solution, or charge more and create a new revenue stream. Other companies recognize that the small transaction fee is a cost of insurance to know they are going to receive payment.

KEY DIFFERENTIATOR

The key for Modern Payments is the scheduling software that you control. You can customize payment schedules for any number of months. Once a customer is on the system, the ModPay Processor does the rest and your worries of collecting revenue are minimized.

When you compare Modern Payment's automated, electronic payment process to today's collection tools, it's definitely something that every accounts manager will want to use. Whether it's a one-time "Check-by-phone" or a recurring monthly payment schedule, Modern Payments Solutions is the right choice for your electronic payment system.