If you currently accept payments electronically via direct-debit from a checking or savings account, or via credit card, you can likely use your current payment processing system to implement auto recurring billing. The auto recurring program can be implemented in two ways.

1. Use the auto recurring billing functionality in your business management software (such as QuickBooks), and export a batch (daily, weekly, monthly) for processing in your payment processing system. This is best for variable payments.
2. Implement the auto recurring billing function in your payme
   So You Want To Get Promoted
   If you want to move up the corporate ladder, it won't be easy. The competition is intense. Here are a few things you can do to make yourself more promotable, starting with taking stock of yourself.What are your strengths? You want to build on those, while you work to make your weaknesses irrelevant.What do you offer the company, your team, and your boss? This will probably grow out of your strengths, but asking the question this way helps you think about contribution. All things being equal, the folks who get promoted are the ones who contribute to the company's success.Here's an example. A young coaching client of mine told me that she "didn't play the game" and "told the truth." She offered those as reasons why others might be getting promoted faster.After some work, she decided that what she offered her company was an accurate percep
   Auto recurring billing enables businesses to automatically bill customers for balance due without sending invoices or obtaining payment information each any every time money is collected. With recurring billing programs businesses can utilize any electronic payment process including direct-debit ACH transactions and credit/debit card transactions. In addition, when businesses convert legacy payment systems to auto-recurring systems utilizing exclusively ACH direct-debit transactions, they typically reduce processing costs by over 50%.

   Direct Benefits of Auto Recurring Billing for Businesses include:

   • Faster payment processing (you get your money faster)
   • Elimination of printing, mailing and postage costs
   • Elimination of defaults and associated collections activities
   • Streamlined data entry and bookkeeping
   • Elimination of time consuming trips to the bank
   • Normalized cash flow
   • 24-48 hour NSF notification
   • Improved customer service
   • Ability to accept payments funded from credit/debit cards, checking account and savings accounts.
   
   
   Auto recurring billing systems can be used for both static recurring charges (the same amount each time) or for variable bills. In either case, the recurring billing system saves time and money by obtaining advance authorization from customers to charge their accounts on a regular frequency and by entering customer information into a database system only once. That data is then accessed whenever payments are processed, and the customer record is updated to reflect each payment collected. The two examples below provide the steps involved in auto recurring billing systems that process static and variable recurring charges.
   
   Auto Recurring Billing: Static Amount
   1. Customer data is entered once (including amount, frequency, duration, type of transaction and account information)
   2. Payment Processing System charges/debits account on schedule and counts down payments left (system can also be set for indefinite duration)
   3. Payment processing system automatically generates an email receipt for the customer and copies the vendor.
   4. Payment Processing System automatically identifies all failed transactions and reconciles with main database.
   
   
   Auto Recurring Billing: Variable Amount
   1. Customer data resides in external database that calculates payment due
   2. Data, including amount due and account information is exported to .csv file.
   3. .csv file is uploaded to payment processing system as a batch
   4. Payment processing system processes all transactions in batch
   5. Report is generated for all successful and unsuccessful transactions
   6. Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
   
   
   Why Your Customers Want Auto Recurring Billing
   Auto recurring billing is not only a time and money saver for businesses, but for consumers as well. In fact, many consumers are demanding it from the companies with which they do business—and if you don’t offer it, your customers may select a competitor who does.
   NACHA.org, the organization that oversees all electronic payments, reports that 54% of all US households currently use ACH (a direct-debit from a checking or savings account) for at least one monthly bill. Auto recurring billing takes ACH to the next level—eliminating the need for the customer to actively pay a bill (whether by paper check or online).
   
   Direct Benefits of Auto Recurring Billing for Customers include:
   • Bills are automatically paid on-time, every-time, even if customers are ill or out of town.
   • Late payment fees are eliminated
   • Time and expense of writing and mailing checks is eliminated
   • Customers can keep electronic records of all invoices and receipts
   • Electronic payments are more secure than paper checks
   
   How to Implement an Auto Recurring Billing Program
   
   Implementing an auto recurring billing program is simple.
   

   
   If you currently accept payments electronically via direct-debit from a checking or savings account, or via credit card, you can likely use your current payment processing system to implement auto recurring billing. The auto recurring program can be implemented in two ways.
   

   1. Use the auto recurring billing functionality in your business management software (such as QuickBooks), and export a batch (daily, weekly, monthly) for processing in your payment processing system. This is best for variable payments.
   2. Implement the auto recurring billing function in your payme
      Implementation of the Purchase Process: Partnership or Supplier
      Do you recognize this. You arrive at the store for a new mobile phone and just the model you had targeted is not available... It is a simple example, but stock delivery could make all the difference in you business.There are two main options in managing your supplies and suppliers. One in the client-supplier relationship and the other in a partnership.The advantage of the client-supplier relationship is that you are most flexible. You should take this construction if you are just starting with a new purchase process. Another advantage is the cost of this construction. You choose the supplier with the best cost-quality-ratio.Another situation in which the client-supplier relation is often preferred is for a product oriented business. Products characteristics are easy to compare and this facilitates the supplier selection.This is where partner
      8 hour NSF notification
   3. Improved customer service
   4. Ability to accept payments funded from credit/debit cards, checking account and savings accounts.
   
   
   Auto recurring billing systems can be used for both static recurring charges (the same amount each time) or for variable bills. In either case, the recurring billing system saves time and money by obtaining advance authorization from customers to charge their accounts on a regular frequency and by entering customer information into a database system only once. That data is then accessed whenever payments are processed, and the customer record is updated to reflect each payment collected. The two examples below provide the steps involved in auto recurring billing systems that process static and variable recurring charges.
   
   Auto Recurring Billing: Static Amount
   1. Customer data is entered once (including amount, frequency, duration, type of transaction and account information)
   2. Payment Processing System charges/debits account on schedule and counts down payments left (system can also be set for indefinite duration)
   3. Payment processing system automatically generates an email receipt for the customer and copies the vendor.
   4. Payment Processing System automatically identifies all failed transactions and reconciles with main database.
   
   
   Auto Recurring Billing: Variable Amount
   1. Customer data resides in external database that calculates payment due
   2. Data, including amount due and account information is exported to .csv file.
   3. .csv file is uploaded to payment processing system as a batch
   4. Payment processing system processes all transactions in batch
   5. Report is generated for all successful and unsuccessful transactions
   6. Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
   
   
   Why Your Customers Want Auto Recurring Billing
   Auto recurring billing is not only a time and money saver for businesses, but for consumers as well. In fact, many consumers are demanding it from the companies with which they do business—and if you don’t offer it, your customers may select a competitor who does.
   NACHA.org, the organization that oversees all electronic payments, reports that 54% of all US households currently use ACH (a direct-debit from a checking or savings account) for at least one monthly bill. Auto recurring billing takes ACH to the next level—eliminating the need for the customer to actively pay a bill (whether by paper check or online).
   
   Direct Benefits of Auto Recurring Billing for Customers include:
   • Bills are automatically paid on-time, every-time, even if customers are ill or out of town.
   • Late payment fees are eliminated
   • Time and expense of writing and mailing checks is eliminated
   • Customers can keep electronic records of all invoices and receipts
   • Electronic payments are more secure than paper checks
   
   How to Implement an Auto Recurring Billing Program
   
   Implementing an auto recurring billing program is simple.
   

   
   If you currently accept payments electronically via direct-debit from a checking or savings account, or via credit card, you can likely use your current payment processing system to implement auto recurring billing. The auto recurring program can be implemented in two ways.
   

   1. Use the auto recurring billing functionality in your business management software (such as QuickBooks), and export a batch (daily, weekly, monthly) for processing in your payment processing system. This is best for variable payments.
   2. Implement the auto recurring billing function in your payme
      Fierce Conversations - Part III
      Take Charge of Your Emotional WakeIn my years of coaching, I've worked with a variety of leaders who were known for delivering results consistently on time and on budget. Along with their reputation for delivery came the reputation of driver, pace setter, or taskmaster. Most were proud of this reputation and believed they were doing "what they were paid to do." However, in their drive to deliver results, they often left more than a few people battered and bruised along the way. They didn't realize that over time, feelings of intimidation among the troops would build up to the point of creating barriers to progress. These leaders were unknowingly creating a negative emotional wake.Often in heated or charged conversations we are so focused on what we want to say and how we feel that we don't pay attention to the impact our words, tone and body language h
      ion and account information)
   3. Payment Processing System charges/debits account on schedule and counts down payments left (system can also be set for indefinite duration)
   4. Payment processing system automatically generates an email receipt for the customer and copies the vendor.
   5. Payment Processing System automatically identifies all failed transactions and reconciles with main database.
   
   
   Auto Recurring Billing: Variable Amount
   1. Customer data resides in external database that calculates payment due
   2. Data, including amount due and account information is exported to .csv file.
   3. .csv file is uploaded to payment processing system as a batch
   4. Payment processing system processes all transactions in batch
   5. Report is generated for all successful and unsuccessful transactions
   6. Report is exported and then uploaded back into original database, reconciling all open balances with processed payments
   
   
   Why Your Customers Want Auto Recurring Billing
   Auto recurring billing is not only a time and money saver for businesses, but for consumers as well. In fact, many consumers are demanding it from the companies with which they do business—and if you don’t offer it, your customers may select a competitor who does.
   NACHA.org, the organization that oversees all electronic payments, reports that 54% of all US households currently use ACH (a direct-debit from a checking or savings account) for at least one monthly bill. Auto recurring billing takes ACH to the next level—eliminating the need for the customer to actively pay a bill (whether by paper check or online).
   
   Direct Benefits of Auto Recurring Billing for Customers include:
   • Bills are automatically paid on-time, every-time, even if customers are ill or out of town.
   • Late payment fees are eliminated
   • Time and expense of writing and mailing checks is eliminated
   • Customers can keep electronic records of all invoices and receipts
   • Electronic payments are more secure than paper checks
   
   How to Implement an Auto Recurring Billing Program
   
   Implementing an auto recurring billing program is simple.
   

   
   If you currently accept payments electronically via direct-debit from a checking or savings account, or via credit card, you can likely use your current payment processing system to implement auto recurring billing. The auto recurring program can be implemented in two ways.
   

   1. Use the auto recurring billing functionality in your business management software (such as QuickBooks), and export a batch (daily, weekly, monthly) for processing in your payment processing system. This is best for variable payments.
   2. Implement the auto recurring billing function in your payme
      Asset And Sales Finance Can Aid Business Development
      When it comes to setting up a new business, it can be difficult to come to terms with business terminology - especially if the process of setting up and running a company is completely alien to you. For instance, speaking to your bank about asset and sales finance may be a daunting notion in itself; but when you consider the possibility of getting tangled up in the jargon - and perhaps even losing credibility with your bank - the experience seems even more intimidating. However, if you keep your wits about you and make sure that you're up to date on the latest financial terms, your bank's asset and finance solutions are sure to benefit your business. Make sure you begin with the basics: for starters, familiarize yourself with what asset and sales finance is. Essentially, asset and sales finance is a service through which banks can help businesses obtain a rang
      with processed payments
   
   
   Why Your Customers Want Auto Recurring Billing
   Auto recurring billing is not only a time and money saver for businesses, but for consumers as well. In fact, many consumers are demanding it from the companies with which they do business—and if you don’t offer it, your customers may select a competitor who does.
   NACHA.org, the organization that oversees all electronic payments, reports that 54% of all US households currently use ACH (a direct-debit from a checking or savings account) for at least one monthly bill. Auto recurring billing takes ACH to the next level—eliminating the need for the customer to actively pay a bill (whether by paper check or online).
   
   Direct Benefits of Auto Recurring Billing for Customers include:
   • Bills are automatically paid on-time, every-time, even if customers are ill or out of town.
   • Late payment fees are eliminated
   • Time and expense of writing and mailing checks is eliminated
   • Customers can keep electronic records of all invoices and receipts
   • Electronic payments are more secure than paper checks
   
   How to Implement an Auto Recurring Billing Program
   
   Implementing an auto recurring billing program is simple.
   

   
   If you currently accept payments electronically via direct-debit from a checking or savings account, or via credit card, you can likely use your current payment processing system to implement auto recurring billing. The auto recurring program can be implemented in two ways.
   

   1. Use the auto recurring billing functionality in your business management software (such as QuickBooks), and export a batch (daily, weekly, monthly) for processing in your payment processing system. This is best for variable payments.
   2. Implement the auto recurring billing function in your payme
      How to Get Your Boss to See Your Way
      The onslaught of people who have recently started their own businesses attests to one thing: people like to be their own boss. This way, if they dislike the person they work for, they can actually do something about it. But, for the rest of us, those of us who are not entrepreneurs or trailblazers of a company, a boss just comes with the territory: having a boss in an office is as essential as having a cubicle.Some bosses are fun, they go to happy hours and pick up the tab. Other are not, they yell at their employees and refuse to throw a holiday party. Fun, not fun, or somewhere in the middle, speaking to your boss can be a bit intimidating; after all, they hold your career in the palm of their hand. But, with a few simple tips, you may find that taking an issue to your boss doesn’t have to leave you needing a tissue.Have Specific Examples: Nothing
      ated
   3. Time and expense of writing and mailing checks is eliminated
   4. Customers can keep electronic records of all invoices and receipts
   5. Electronic payments are more secure than paper checks
   
   How to Implement an Auto Recurring Billing Program
   
   Implementing an auto recurring billing program is simple.
   

   
   If you currently accept payments electronically via direct-debit from a checking or savings account, or via credit card, you can likely use your current payment processing system to implement auto recurring billing. The auto recurring program can be implemented in two ways.
   

   1. Use the auto recurring billing functionality in your business management software (such as QuickBooks), and export a batch (daily, weekly, monthly) for processing in your payment processing system. This is best for variable payments.
   2. Implement the auto recurring billing function in your payment processing program (note that some companies require an additional charge for this function.) This is best for static payments.
   
   
   If you don’t already accept electronic payments, you will need to subscribe to this type of service. The simplest way to do this to find a service that will enable you to perform ACH transactions using your current business bank account. This system will enable you to set-up an auto recurring billing program for your customers where you can direct-debit their checking accounts for outstanding balances. (An additional benefit to this type of system is that you can electronically process any paper checks you still receive from customers who do not elect to participate in the auto recurring billing program.).

   
   
   

   Marketing an Auto Recurring Billing Program to Your Customers
   Once you have processing capability in place, you can open the auto recurring billing program to your entire customer base. Many consumers know about these programs and are excited to sign-up for the new offering. Others need to be educated about the electronic payment process, and the benefits it can provide them.
   

   Note that you cannot enroll a customer in an auto recurring billing program without explicit permission. Each customer must provide you with bank account information and sign a form giving you permission to debit that account.
   
   Electronicpayments.org provides a wealth of information about electronic payment processing, and also provides materials you can use to educate your customers.
   
   Most organizations introduce auto-recurring billing programs by sending a letter to the customer base, and asking them to sign-up for the program. A sample customer letter is available here.
   
   When customers have signed up, you stop mailing them paper invoices, they stop mailing you paper checks and all billing and collections are handled electronically.
   
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