The United States Postal Service has been forced to make some major changes just to stay afloat — and those changes will have an impact on businesses of all sizes.
In an effort to cut costs, the USPS plans to consolidate a number of its office locations.
That means, depending on where your company is located and where checks and remittance are headed, first-class mail is likely to be delayed to 2-3 days.
So, if your purchasers and approvers already struggle with invoices where early-pay discounts (or worse, late fees) are at stake, you’ll need to expedite your processing time by two days just to stay ahead of the curve.
However, these changes might actually benefit your Accounts Receivable department. Example:
2-day mail: You’ll get remittance info early or mid-Day 1 as opposed to waiting until Day 2 for local points.
3-day mail: Delivery is possible late on Day 1 or early on Day 2 for flown mail, but not later than early afternoon on Day 2 — as opposed to the morning of Day 3.