Unless you’ve been living under a rock, you’ve probably heard that the United States Postal Service is contemplating making a move to eliminate Saturday delivery.
For most consumers, that isn’t a huge problem; it’ll just mean bills will arrive in the mail on Monday instead of Saturday! However, for businesses, the concerns can be significant, especially when it comes to the effects of such a decision upon cash flow.
Below are 3 of the top ways that ceasing Saturday mail service could have a serious outcome for your company:
- You will have one less day per week to receive money via mail from customers.
- Mail may take longer to get from point A to point B, meaning payments could be delayed.
- If you send anything via USPS, you may have to change your customers’ expectations of how long it will take for orders to be processed.
Obviously, these are items that should be discussed between you and your CFO, as they can be overcome with pre-planning. Just make sure you stay abreast of the latest news.
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