Billtrust, Jamesburg, N.J., a provider of outsourced billing services, announced a major upgrade to its Bullpenning bill-delivery platform.
Grouping invoices into a single envelope based on a criteria such as mailing address is a common industry practice for cutting costs. With the USPS postage hike last April, companies have been looking for deeper savings to protect their bottom lines. Bullpenning pushes the grouping idea further, allowing Billtrust customers to specify rules that govern the sending of invoices. The result is incremental savings of 10 percent to 25 percent, according to Billtrust.
“We are constantly reviewing our processes to identify cost saving opportunities,” says Andy Waring, CFO of Stuart Irby, a division of Sonepar. “Bullpenning has saved us hard dollars by combining low dollar invoices into a weekly mailer. With the rising cost of postage this has become more important to us than ever.”
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