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In just the first month after working with HOV Services, check rejects decreased from 20,000 per month to just 27 due to the high quality of HOV ’s single-side MICR print technology, equating to an annual savings of approximately $240,000 for a large automotive manufacturer. |
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Time and labor, materials, equipment, supplies and space to store and operate print functions are critical cost factors in the decision to outsource your check printing. HOV Services' check printing offers the opportunity to drive these costs down from 20-30% while enhancing the quality and security necessary to produce rebate, refund, AP and payroll checks.
HOV Services offers customized check processing for payroll and AP checks through a module-driven process in which every step is tracked, documented and reconciled during each print run. Each check is electronically balanced, measured against a manifest, and checked for excellence in MICR quality.
The HOV Services check printing process also includes the necessary steps for royalty check processing. HOV Services can accommodate anywhere from one to 100+ pages for royalty statements. The process includes generation and production of multiple documents in line, digitally printing both the statement and the check. In addition, the HOV Services solution accommodates rebate and refund checks.
Finally, each check can be viewed and approved electronically prior to printing through HOV Services’ online web portal - document DNA™.
By evaluating each check process as a critical portion of your accounting department, HOV Services can add value through:
- Quick turn around times and accurate printing
- Cost reduction by eliminating manual processes
- Reduction/elimination of bank rejects through improved MICR quality
- Presort postage savings
- Address correction and standardization
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