The Value of Electronic Statement Presentment
Electronic Statement Presentment has been around for a number of years now and many companies have employed Electronic Statement Presentment technology with success. For some consumers, the provision of statements electronically is highly desirable. It means that they can manage their financial relationship with your company easily whether in a hotel the other side of the world at home. It also provides an additional vehicle for a company to market to their consumers. Just as we would use transpromo techniques on a traditional paper based statement, we can apply the same theory and logic to Electronic Statement Presentment. So in the classic model, how does Electronic Statement Presentment work? Electronic Statement presentment can be implemented and delivered most quickly and easily through the implementation of an electronic archive an retrieval (more latterly these are becoming known as 'Vaults') system. There are other ways of doing this but, they are complex to implem...