Manual/Paper Check Elimination Proposal
Manual/Paper Check Elimination Proposal
Analysis Completed by
Common Sense Industrial Banking
Small Business Division
September 16th, 2007
I. Conclusion
Small Biz would save on average $200.00 dollars a month by switching over to electronic payments handled by Common Sense Industrial Banking. We have concluded this after a thorough analysis of your banking patterns, calculating the cost of check stock, postage, printer toner, and labor; then determined the cost of labor and fee's associated with our electronic payment service. This is effectively a 20% reduction in cost which can increase as your volume increases. Our conclusion is that using our service is a service that will be beneficial for both our companies.
II. Scope of Analysis
Our department used the last six months of banking usage data for Small Biz and developed an average number of paper checks written by your company to be 24,000 each month. The months covered were April through September. We......
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Approximate Word Count: 478
Approximate Pages: 2 (250 words per double-spaced page)
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Manual/Paper Check Elimination Proposal
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