The IT industry is one of the fastest-growing sectors in the world, as technology is developing day by day. Throughout 2024, the U.S. tech industry is expected to have a CAGR (compound annual growth rate) of 5%. Also, their workforce growth rates are high compared to other sectors. They are expected to grow 4-5 times the current rate by 2030.
Even though an IT firm is well-developed and digitalized, there will be vendors or contractors who prefer checks over any other payment methods. This is because checks are the most familiar, universally accepted, and reliable method of transactions. Checks made up almost 33% of B2B payments in the U.S. and Canada in a 2022 Digital Payments Survey conducted by the Association for Financial Professionals. However, ordering checks is a hassle and time-consuming job. Business check ordering usually takes 10-14 business days to reach your office and they are also expensive. These potential delays caused by check ordering can affect your relationship with the vendor. This is because check ordering delays can lead to late payments, and it may affect vendors’ relationship with the company.
So why order expensive business checks when you can print them instantly? You can use check printing software like Zil Money to print your checks instantly. There will be no more delays or hassles of waiting for ordered checks to reach your office by adopting check printing. In this blog, let us look more into check printing.
Why Consider Check Printing Rather than Ordering Checks?
If you own a rapidly expanding IT firm, with your busy schedule, there will be no time for you to wait for the arrival of ordered checks. So, you can embrace the ease of check printing. It will only take a few clicks to print your checks using check printing software like Zil Money. You only need a blank stock paper and a printer and you are ready to go. Print quality checks on demand with check printing software.
Top 3 Reasons for Your Firm to Consider Check Printing:
· Boosts Efficiency by Cutting Potential Costs:
Pre-printed business check ordering from third parties is expensive, especially for companies ordering in bulk. This is mainly because they have costs associated with printing and shipping. These costs will easily accumulate and will affect your company's finances. So, printing checks online in the comfort of your office will be a great option. With platforms like Zil Money, you can print checks on blank stock papers which saves 80% on check printing costs. In this way, pricy pre-printed check orders can be eliminated.
· Print Instantly on Demand:
You can eliminate the delays of your check ordering by check printing. Using check printing software, you can print checks instantly whenever you need. Check printing software helps you to print checks anytime from anywhere at your convenience. Just need to create your checks, click the print option, and your checks are ready. This instant check printing can give you more financial flexibility and you will be able to handle checks.
· Easy Customization:
You may not have many customization options while ordering pre-printed checks. But, when printing checks, check printing software like Zil Money, offers a wide range of customization options. You may add your business logo, pick unique fonts, and choose a background image that complements your brand identity. You can also quickly add any essential information as well as delete or remove any. This customization option helps maintain your brand identity, which can boost professionalism.
Is it Safe to Print Checks?
When compared to ordering checks, printing your checks internally is more secure. This is because when ordering business checks there is a high chance of check forgery or susceptible fraud. But when printing from your office, you have more control over the production and materials. Using check printing software to print checks adds more security advantages. Platforms like Zil Money provide features like ‘Positive Pay’ to protect against check fraud. You can share a list of cleared checks with your financial institution and cross-reference it with the outgoing checks. With this feature, these platforms alert users of any unauthorized checks and prevent check scams.
While using sophisticated check printing software, you will also get features like adding watermarks, microprinting, and color-shifting inks that are hard to replicate. This can significantly reduce check fraud. As you are printing on-demand, there is also no need to keep a separate inventory. This will save you money which you can use for other operations.
The Conclusion:
A well-developed IT firm may still stumble when it comes to payments via checks for vendors. Ordering your business checks from third parties will take time to deliver, and may also be expensive. Therefore, consider instantly printing checks with check printing software like Zil Money. With these platforms, you can print checks instantly at your convenience. You can also cut costs and customize your checks with check printing software efficiently.
(Zil Money is a financial technology company, not a bank or an FDIC member. Zil Money offers banking services through partnership with FDIC member banks Silicon Valley Bank and Texas National Bank.)