Paperless Pay With ACH: The Perfect Time to Switch?
Employers are involved in countless transactions each month, from delivering employee paychecks to reimbursing COBRA participant premiums. However, due to the COVID-19 pandemic, many employers have suspended check payments entirely. BASIC is happy to provide alternative paperless pay methods via the Automated Clearing House (ACH) Network. ACH is used for all types of electronic payments, including direct deposit, payment to vendors, automatic bill payment, and more. For employers looking to take proper precautions during this health crisis while also streamlining their payment processes, now is the perfect time to switch to ACH payments!
Moving to paperless pay methods has many benefits. For example, ACH payments eliminate the handling of physical checks during the pandemic to mitigate the potential spread of COVID-19 via surfaces. Paperless pay options also erase the risk of checks being misplaced or even lost in the mail, allowing your company to worry less and receive monthly reimbursements more quickly. Many employers also find electronic payments easier to track, thus simplifying their recordkeeping process. BASIC is encouraging all of our clients to switch to ACH paperless pay. It’s fast, secure, and helps reduce our carbon footprint by scaling back our paper product consumption.
If you are a current BASIC client and want to simplify your payment process, contact your assigned account representative and they’ll be happy to help. Not a BASIC client? Don’t worry! BASIC provides an HR ecosystem to employers and health insurance agents nationwide, with a full suite of HR Benefit, Compliance, Payroll, and Leave Management solutions. Request a proposal at no-cost to you and we’ll provide a customized solution that’s perfect for your business so you can take advantage of ACH paperless pay too. Minimize check handling, speed up reimbursement times, and help the environment at the same time!
