Stamp prices are set to rise again. From 29 March 2016, the Royal Mail will be charging an additional 1p for every letter you post. From this date the price of a first class stamp will be 64p and a second class stamp 55p. This increase in the price of stamps will result in significant additional postage costs if you’re sending out all your invoices, statements and other documents to your customers via the post.
There has been regular year-on-year rise of the cost of stamp prices since 2000, as the graphic below highlights.
In addition when you take into account the cost of stationery, print, postage and man-hours, your business will be spending an average of £1.16 per item to send out a single letter. Over a year this can add up to a substantial amount.
The benefits of switching to electronic invoices include:
Reduced administrative costs
Less time wasted on folding paper and stuffing envelopes
Reduced risk of human error
Improved document security – compliance with HMRC regulations
Faster document delivery - helping you to get paid faster
Automated business processes
Better for the environment
If you want to avoid high postage costs and take advantage of the benefits mentioned, you can easily switch to e-invoicing using electronic document management solution, Spindle Professional.
Spindle Professional is a document management solution that works with your accounting system to electronically distribute all your documents in one batch. In addition to electronic invoicing, it allows businesses to simplify and improve their business processes – saving up to a day a week. For more information contact Uniq Systems on 0118 927 2700 or click here to register for Free Webinar - Tuesday 12th April @ 10am