How much are the postal strikes costing your business?


Over the last few months, the UK has seen several strikes across the UK.  With growing unrest, more strikes are expected and a ballot on national action is being called.  This will soon turn into the most widespread walkouts since action in 2007.


In 2007, it was estimated that the postal delays cost businesses £304 million; and with reports of a current backlog of 20 million letters and packages being held in the Royal Mail postal system, this figure is predicted to be even more severe this time. 


At a time when getting paid on time and managing cash flow is of greater importance, this will have an even greater impact on businesses across the UK.


Many UK businesses will end up being out of pocket in more ways than one.  Most firms that need to send important documents will choose to courier them, at extra cost.  But for firms sending and receiving invoices and expecting payment, these delays could have huge affects for cash flow.


Use e-Invoicing to avoid the postal strikes


For the thousands of organisations that exchange invoices via OB10, the postal strikes will not cause an issue.  Suppliers will be able to submit invoices 24/7, knowing that it will be delivered to their customer within hours – regardless of their location (or any postal strike).


As the electronic invoice data is submitted directly to the buyers accounting system, the invoice is likely to be processed more quickly for payment.  In addition to this, with partners such as PayPal and Santander Supplier Payments, buyers can pay their suppliers electronically – and on time.


Downloads_2 For more details on how electronic invoicing from OB10 will help to not only beat the postal strike, but let you reduce costs, improve efficiency and reduce your carbon footprint, or       contact us.




 
Getting paid during the postal strikes

At times like these, when cash flow management is vital; a business needs to ensure that not only goods are being delivered, but invoices can reach customers on time.  It would be nice if more of our customers accepted electronic invoices in this way. 

HHB Communication


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