Does Your Canadian Business Have Customers in the United States? Here Is How to Get Paid Faster.Authored by: Jim Stewart, Founder DocuSend, powered by MTI.
Does your Canadian business have customers in the United States? If so, you may already know that billing your American clients in US dollars makes it simpler for them to understand and approve your invoices for payment. It increases the probability of getting paid faster, and your US clients will thank you for saving them from having to calculate exchange rates.
What Other Benefits Are There for Canadian Firms Billing US Customers?
Besides getting paid faster and making your customers happy, what’s in it for Canadian firms in general? Some Canadian companies receiving payments in USD keep an eye on the market looking for a strong US dollar to process the currency conversion when it makes the most sense for them. If they have US suppliers, they can save on multiple exchange fees.
So, maybe you knew that. But did you know THIS?
There is another way Canadian businesses can improve their bottom line. Now you can send your US-destined invoices directly to a United States postal facility and completely bypass the borders. Incredible, isn’t it? And it’s really quite simple.
There Are No Borders When You Mail through the Internet. And DocuSend Does Just That.
The average published mail delivery time from Canada to the US is 4 to 6 business days. But all mail originating outside the United States to be delivered inside US territory is subject to examination by US Customs and Border Protection (CBP) before it even gets to a USPS sorting facility. And as we all know, complications occur at international borders that can delay mail delivery as much as 3 weeks. DocuSend’s print-to-mail web-based service delivers your invoices to a USPS facility, and they are generally in your customers’ hands 1 to 3 days after that.
If you’re thinking it’ll cost more, you’d be wrong…
How Much Can Canadian Businesses Save with DocuSend?
It costs 1.47 CAD / 1.07 USD (exchange rate as of November 3, 2022) in Canadian postage to mail a one-page invoice from Canada to the United (30g or less). Add a few additional pages and a return envelope, and it balloons to $2.19 CAD / $1.59 USD. The cost for Canadian businesses to supply their own paper and envelopes and internally print, fold, stuff, stamp, seal, and deliver the finished product to a Canadian postal facility averages $1.70 CAD / 1.24 USD. Total cost with postage is $3.17 CAD / 2.31 USD to mail a one-page invoice, or $4.87 CAD / 3.55 USD with three extra pages and a return envelope. Compare that to DocuSend’s $0.99 USD for a one-page invoice, or $1.03 USD with a return envelope, plus only $0.10 for each additional page. That includes labor, postage, materials, everything. And you can select to print your document in color for only $0.08 more per page. It takes less than 2 minutes to upload a file of PDF documents, and there are no minimums, no contracts, and no software to purchase and download. Don’t believe it? Try it just once. You will never go back to manually mailing your important documents to your American clients.
What’s the Bottom Line?
DocuSend is a cloud-based mailroom with no monthly minimums, contracts, or service fees. Everything is built into one low package rate, and you’ll realize significant materials savings because our bulk purchasing power gets passed on to you. Your cash flow will improve by reducing operational expenses and expediting receivable revenue.
One more benefit is that tracking is included for free for every user, which is especially great for businesses sending sensitive financial documents. After your US mail crosses the border, Canada Post gives it to the USPS, who continues to perform its delivery. Because of that, Canadians don’t have many tools to track where it is. But with DocuSend, you have your personal report portal and can track your mail’s route by the zip codes of the postal facilities it arrives at, up to the final one.
Try it and find out why our customers are so loyal. It’s faster than buying a Canada Post stamp!