In the healthcare ecosystem of producing medicines and improving lives, pharmaceutical manufacturing firms play a vital role. These firms are responsible for transforming raw materials into safe and effective quality pharmaceutical products ranging from everyday medications to life-saving vaccines. As an industry heavily regulated with strict requirements for financial record keeping, most pharmaceutical firms rely on check payments. However, relying on traditional check mailing methods for paying suppliers and vendors can come with several challenges.
Let us see what are the challenges faced by pharmaceutical manufacturing firms using check payments.
- As checks require manual processing from preparation to mailing, pharmaceutical firms might require additional staff, adding labor costs.
- Ordered checks will take 7-14 days to reach you, slowing down the further processes like writing checks, stuffing envelopes, and mailing.
- When mailing through traditional methods, it lacks a tracking facility, making check payments stressful until it reaches the recipient.
- As a pharmaceutical firm, you will have to make large payments for raw materials or machinery. If the checks are lost or misplaced in transit, it can lead to significant financial loss for your firm.
- For suppliers, especially small ones, relying on timely payments may be negatively affected by delays in check payments using traditional methods. These delays can also affect your business relationship with them.
Click Here To See Interactive Demo⬇
Simplify Payments with Online Check Mailing
Utilizing Zil Money’s check-by-mail feature, pharmaceutical manufacturing firms can send checks efficiently. With the platform, you can simplify all tasks related to check payments, that is from check creation to sending. Mail checks to your suppliers or vendors affordably with a few clicks using the cloud-based platform. To send a check via mail, the only thing you need to do is create or import checks. The platform’s expert team will handle all other tasks like printing, stuffing envelopes, labeling, and mailing them. Therefore, you do not have to waste your time, money, and labor on check payments.
Easily Create or Import Your Checks
You no longer need to order preprinted checks from third parties and wait for their arrival. Create and personalize your checks with unlimited customization options on Zil Money. With the drag-and-drop feature, making customized checks is very easy. You can add logos, fonts, background images, and other elements using this feature. Also, you may use the predesigned check templates on the platform for more ease. You may use business, payroll, personal, or premium check templates on the platform. After check creation, you may save your check template for future use. Other than creating checks, you may also import checks from your accounting software. This can be done by integrating the cloud-based platform with your accounting software.
Send Checks the Way You Choose
Once you have created or imported checks to Zil Money, the next step is mailing checks to your payee. You may send checks via USPS or FedEx using the platform.
To mail via USPS, the platform provides First Class, Priority, and Express mailing services. When you use the first-class mailing service, it takes 1-5 business days to reach your payee. The platform provides four first-class mailing options – First Class, First Class with Tracking, First Class Canada, and First Class with Tracking (International). You can send check payments within 1-3 business days using USPS Priority mail. For much faster delivery, you may utilize USPS Express mail, which can be delivered within 2 days.
Urgent and timely payments can be met by mailing via FedEx Overnight. You can mail urgent check payments via the platform’s overnight check mailing feature. The platform provides FedEx Overnight US and Canada services. Also, utilize FedEx Saturday for sending checks even on weekends.
Easily Attach Documents for Clarity
Pharmaceutical manufacturing firms usually have to deal with many suppliers, both domestic and international. Therefore, attaching documents with the checks they send can help these firms clarify each payment, reducing confusion for both sender and receiver. These documents can also help minimize the chances of mistakes and reduce the likelihood of disputes between you and your suppliers.
You can easily attach documents with the checks to be mailed using Zil Money. The platform helps you upload documents like invoices, memos, or receipts in the form of a PDF file. This file will be then printed and mailed along with the checks to your payees. You may easily attach single-page or multi-page documents using the cloud-based platform.
Effortlessly Send eChecks to Your Payees
You can make check payments instantly with eChecks. Electronic checks or eChecks are the digital version of regular paper checks. You may send eChecks to your payees via email or SMS using the platform. Your payees will receive them in a one-time printable PDF format. Then, they may print and deposit eChecks just like a regular paper check.
The Conclusion
Pharmaceutical manufacturing companies can easily and affordably mail checks using Zil Money. The platform helps you send checks with a few clicks via USPS or FedEx. You may also create and customize checks using the cloud-based platform making check payments easy.
