February 19, 2016 2 Comments Share this:TweetThis article is for the companies and businesses that deal with checks to pay their vendors and suppliers. Many companies in this day and age don’t understand how many benefits come from using online checks in lieu of paper checks. E-checks are affordable and very secure, making them a safe bet for any company looking for a more efficient way of receiving money.
People want to be able to pay quickly and get what they want quickly, and being able to pay efficiently, whether they are from out of state ordering products or simply don’t like the hassle of waiting for companies to cash their checks, is always important. The world is quickly changing in the way that we do business, and paying online is fast becoming the way that things are done. While paper has had its place, companies can save money and keep an eye on their financial security by using online checks. Most online check services offer to monitor and check up on individuals to help your company avoid dealing with fraudulent accounts or companies. If online computer checks offer so many benefits, why do so many companies still hold onto the paper checks? While reasons vary according to each company and their financial policies, most companies that offer services such as hair styling, plumbing, food, arts, and real estate use paper checks.
One of the biggest ways that companies can save on checks is by using e-checks for paying their employees. Maintaining an online record of salary checks also makes keeping track of financial transactions that much easier to handle and saves both employees and employers time and money. Avoiding fraud and keeping on top of your financial payment security is also another way to save loads of money on checks. Companies who are looking for ways to save more money, especially when it comes to their payroll, would be wise to start using e-checks. LIKE THIS POST?Join our community of 5000+ subscribers to increase your net worth and build wealthWe hate spam. SB is a husband and working as a software professional for a Fortune 100 corporation in Florida.
You can receive free full-text articles from One Cent at a Time in your email inbox by entering your email below. Click the banner to subscribe and find out how to build an engagement engine from the pioneers of gamified, social online learning! People make a business, so they should be treated as importantly as any other asset (if not more!) Unfortunately, if you’re a small business, scooping the cream of the crop often just isn’t in your budget. However, it is within your means to grow a new crop of experts from the seeds you already have!
Choosing a dynamic, social system neatly ties the employee’s perception of their performance with the wider business expectations and values.
Once objectives are set, they’re usually locked in a drawer and not seen again until the following year, making you feel like you’re all on your own. The  ‘Performance Centre’ add-on for our Academy Learning Management System, is a live growth-monitoring tool, not just a data capturing tool. It lets you track the growth of an employee by creating objectives, monitoring progress and building personalised growth plans.
In a study by Quantum Workplace, employees listed lack of growth opportunity as the highest reason for leaving.

And don’t think career development is one-sided either, in the same study 81% of people said that professional development is a shared responsibility between manager and employee.
Expertise isn’t always transferable: There’s no guarantee that an expert at another company would understand yours.
Reward staff with badges, live feedback & congratulate their achievements amidst their peers.
Are you ready to empower your people, by giving them access to an all-in-one online performance management solution?
Hi there!If you’re reading this, you’ve reached the bottom of the page – you must really be enjoying yourself! Organisations are increasingly replacing their paper-based appraisal processes with web-based performance management systems. Transactional, ‘core’ HR processes such as maintaining employees’ personal details and leave and absence have been managed online for a number of years now.
Paying employees through online deposits and checking is a fantastic way to avoid long lines at the bank, lost checks, save on paper, and is overall a more efficient way of handling finances. Not only is saying goodbye to paper checks good for the environment, but overall it is a quicker way of doing business, and with technology allowing companies to do more and get work done faster, it only makes sense that many would want to use a better way of banking and payments. Waiting on lines, transaction times, waiting for checks to clear, and ordering checks take time and can delay business and even cause you to lose customers who want to see fast results. Companies that are stuck in the past will end up losing clients and customers due to society’s desire to stay ahead and get things done quicker and better than ever before. Paper checks can pass through many hands and run the risk of fraud much more easily than online checks can.
Overall, online checks offer a broader range of security for the money coming in and out of your company. A big reason is that people are comfortable with what they know and the way that things have always been done. Individuals and contractors who may have a variety of customers and bosses each day or week may see e-checks as a nuisance as opposed to paper in hand. Not only can companies avoid check fraud or lose out on their employees’ time when they have to go to the bank to take care of their payment checks, but companies can cut down on costs related to bookkeeping and the time consuming process of writing checks, taking care of lost checks, and staying on top of the check fraud that can happen with the continual use of paper checks.
The amount of money that companies can be saving by switching over to e-checks is worth any amount of time or investment they would have to put into the change. The benefits are multiple, and with technology a major part of the world’s way of life and business, it only makes sense to start going paperless in every way. Your email will only be used for subscription, and each email will include a link you may use to unsubscribe at any time. Regardless, I only recommend products or services I use personally and believe will add value to my readers. The opinions expressed herein by him are his own and not those of his employer or anyone else.
But with an online performance centre you can avoid large, unproductive discussions dominated by the loudest voices.
This way, your seedlings flourish into ravishing trees, planting roots far into the company’s future.
Sometimes they leave us feeling as though it’s a simple tick-box exercise, or wondering if reviewers are even concerned with our development in the company.

You can do all of this from the same system, pulling all of your employees’ progress together in one happy place.
Tasks pile high and wider business objectives often dwarf the more subtle managerial duties such as nurturing a positive culture. ThePerformance Centre is a live platform accessible at any time, offering a more realistic solution for self development at work. Instead, grow expertise by regularly assessing & developing your existing staff through fun, interactive communication and solutions.
What’s  more is you’ll get a personal tutorial from a Growth Engineering Superhero – for free!
This article looks at the benefits of managing performance online, how to avoid the common pitfalls and the steps to ensure success. Getting meaningful performance data from paper-based appraisal forms is both difficult and time consuming.
A paper-based process requires physical forms to be passed around the organisation between employees, managers and HR for completion and signature.
Paper-based appraisal processes are often a once or twice-a-year affair, with objectives locked in a draw and never looked at or updated between reviews! The ‘internet generation’, now making up an increasing percentage of the workforce, typically manage their lives online.
Online checks and payments allow you to keep track of every transaction that goes in and out and provides companies with an easy-to-view and understand scope of checks being processed. Many old-time companies and business may have a more difficult time adapting to the use of e-checks if they have always done business the same way and never faced any problems. Employees often reap benefits by receiving salary e-checks and being able to avoid long lines at ATMs, processing them much more quickly and easier than regular hard-copy checks. Holding more reviews won’t work because even in the best case-scenario “employees often don’t understand how to move either horizontally or vertically in an organization”. For example, compiling training needs across a company typically involves reading through every employee’s personal development plan and identifying common needs, which can take days to complete. Not only is this laborious for staff, trying to keep track of who is at what stage of the process is nigh-on impossible. An online performance management system, if set up well, can encourage employees and managers to review performance progress regularly and ensure that objectives are updated to stay relevant throughout the year. Organisations wishing to present themselves as an employer of choice to these individuals will struggle if they are still using paper-based forms, or even Word documents, to manage their processes. Save on checks by setting up the e-check service that is right for your company and be amazed at the results. An online system will offer automated workflows and approvals, making the process simpler and quicker for employees and managers to complete. As an example, book publisher HarperCollins halved the time taken to complete their annual appraisal process by using plusHR’s online performance system, and achieved a 98% completion rate in their first year of going online.

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