Did you know that you could save millions by switching to electronic statements? That’s exactly what one of GOLDPoint Systems’ clients did. Our client made the decision to switch to electronic statements, their savings paid for the service within a month, and now they save around 7 million dollars a year. Seven million dollars a year! And all because they made a simple decision.
Benefits of eStatements
Still not convinced? Here are a few reasons you should think about switching.
1. Cost Savings
I know, I know–I already mentioned savings, but it’s such a big deal that it needs to be said again. Electronic statements allow your financial institution to spend less. In general, eStatements cost 14 cents versus $1.00 for paper statements, a savings of 86 cents per statement. Times that by thousands to millions of statements and you’re definitely saving a pretty penny.
2. Employee Gratitude
Switching to electronic statements can free up your employees’ time to work on other, more meaningful projects instead of printing statements and stuffing envelopes. Printing statements is drudgery at best. Plus, electronic statements are automatic, which means your employees don’t even have to think about them anymore. Bye, bye, paper statements.
3. Reduced Clutter
The less paper statements you send out, the less empty boxes you have lying around the office. Let’s face it, electronic statements are cleaner and minimize clutter. No more empty paper boxes, no more stacks of envelopes, less printer cartridges used, etc. Which leads to our next reason…
Electronic statements are good for the environment, and who doesn’t want that? Replacing multi-page paper statements with electronic statements saves trees and reduces the greenhouse gases associated with paper manufacturing, printing, and mail transportation. It’s like giving good old Mother Earth a giant hug.
But what about customers? Don’t worry, we haven’t forgotten about them. And the best part is, electronic statements are great for customers too. It’s a win-win.
Customers can access their statements whenever and wherever they want. They no longer must suffer the hassle of storing paper statements. Instead they have their own private, virtual filing cabinet, so they always know where their statements are. Plus, their financial information is more secure.
Electronic statements are better for you and better for your customers. So, what are you waiting for? Don’t you want to save millions?