Stephanie Kaster
Accounts receivable management professionals are on notice: Use mail vendors with single-location processing facilities at your own risk.
When President Barack Obama this month supported the U.S. Postal Service’s (USPS) recommendation to reduce mail delivery to five days a week to help cut its massive losses, the challenge for single-location print and mail vendors increased dramatically. For while the elimination of one delivery day per week would save the USPS millions of dollars, it also threatens to slow the revenue cycle of creditors who use print and mail services for collection letters and notices. And single-location processing facilities tasked with mailing time-sensitive collection correspondence across the country will be at a significant disadvantage compared to multi-location vendors.
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