MUNDANE CHORES take most of people’s time and they are always looking for ways to cut down on the time that they spend attending to the chores. In the invention of systems such as online banking, there are automated bill systems. Businesses can set payments that are automatic for payments such as utility bills, renewal of insurances, phone bills, and other essentials.
Automatic payment plans ensures that bills that come monthly are charged on the credit card of the company or business or are debited from the business account automatically at a certain date of the month. All this is done without having to move a finger. It really saves time and one can engage in more productive work to help the business grow.
Automatic payments make life more comfortable and easier. This is because all the bills are usually paid before the deadlines. This means that when a bill is forgotten, one does not have to pay a hefty fine as a result of being forgetful which is part of human nature anyway. The only thing that is required of you is to register with your bank or get a credit card and then the rest will be handled by them.
Most bills paid on credit cards earn points that can be redeemed. This means that when redeemed, the business could get free stuff which might be helpful. Paying automatically ensures that the business plays its part in environmental conservation. This is because the paperwork will be reduced, hence sparing the few trees left, and reducing the amount of carbon footprint that is as a result of snail mail and the stamps used on them.
Automatic payments help the business score in the credit agencies. This is because the credit agencies review and see that all the business bills are paid on time (it is quite rare that you can fail to pay promptly if automatic payments are made) your business is boosted to a bracket that is higher. This way, you can easily access credit in case your business needs it.
In the automatic payments, chances which promote identity theft are minimized. This is because bill papers that contain account numbers are not sent to you. Though there are also dangers associated with paying online, the security is by far much better than that of the unlocked mailbox.
Automatic payments also save on time and money. This happens because checks are no longer paid for, stamps are forgotten, envelopes not forgetting the time and gas for going to the post office. It is not all smooth though, there are disadvantages too such as there are costs that service providers might charge, losing track of the payments leading to costly and errors in the bank which might go unnoticed. Stopping the automatic payments could be such a headache. Considering the benefits and the benefits that the company stands to gain in terms of convenience and less wastage of time, automatic payments is the way to go for all businesses.