If you are a business that is rigorously working with corporate customers. Deluxe is your go to solution. The payment solution is designed for seamless B2B and B2C operations. The history of Deluxe predates world war I, it was established in 1915. Ever since then, it has been at the forefront of involving technology in financial transactions and its security proofing. But now, Deluxe has branched out. They provide services for hiring persons such as background screenings, web hostings, logo designing, market intelligence, HR outsourcing, payroll management, and much more. Deluxe and its services are constantly expanding and in this review, we will discuss a hive of features it offers.
Transforming Payments With Deluxe || Deluxe Review
For starters, Deluxe has its origins in managing physical bank checks and check programs. Today it helps businesses and individual users to manage their electronic checks with a fully functioning payment exchange system. Deluxe eChecks are one of the most highly regarded financial proof in the industry for the following reasons:
- It has an ever evolving check program that updates as per user requirements.
- The ordering process of an online check is fully secure. A simple and perceptive online ordering system with industry-approved fraud protection measures.
- Deluxe has placed strong anti-tampering to prevent check alteration in any form. Plus, users can enable check authentication.
- eChecks by Deluxe are completely customizable. It offers a broad selection of designs, features, and product-oriented business and personal eChecks.
Deluxe offers a 100-year legacy of financial expertise on check-related products. As the nature of checks keeps changing, Deluxe will offer you a helping hand at every twist and turn.
Trusted Payment Solutions and Business Technology || Deluxe Review
Deluxe is designed extensively to incorporate business needs. Businesses of all types and sizes can use Deluxe, as it offers a curated set of solutions for them. Deluxe prides itself upon the special assistance it offers small businesses and nonprofits to reduce their excess spending on AP resources. To ensure smooth sailing payments and transactions, Deluxe has three core features:
- Digital Payment: It is exactly what it sounds like, a form of contactless digital payment that operates anytime, anywhere without transforming the current payment processes. It is a fast, easy and cheap digital solution that gives business owners a choice of how the payments are made.
- eChecks: As discussed previously, eChecks are an electronic version of regular checks. It helps payment through checks only using the recipient’s email address. Users can create a single check or a whole bunch of them at once.
- Print + Mail: Deluxe helps businesses send their branded checks for them via print + mail or email. Through this process, businesses can increase speed and decrease costs. As an average transaction cost for issuing a single paper check is about 3 US dollars, it helps businesses save on labor, check stock, postage, and printer charges in comparison to in-house processing.
Its digital payment system, also known as DPX, is first-rate. For enterprises, it substantially improves customer experience by getting them paid quicker and having their preference of deposit options. It also helps better cash flow by enabling to send payments instantly with tighter control on finances.
For financial institutions, it generates fee revenue. Deluxe’s digital payment system makes them a profit by providing a payment platform that satisfies an unsatisfied market requirement. Financial Institutions can provide a digital solution to their customers and the transition to DPX is a smooth one. The inclusion of DPX as a single payment solution also allows financial institutions to remove AP resources which results in lower expenses. A combination of Deluxe’s digital payments and print + mail option gives a cheaper alternative to in-house processing.
If you are a small business owner then you will strike gold with Deluxe’s digital payment system. It facilitates quick payment by instantly sending payments via digital delivery or same day by the Print + Mail module. As it is more affordable and less time consuming than printing and mailing checks at one’s own expense.
Business Technology with Deluxe || Deluxe Review
Deluxe has branched out from managing payments to helping businesses smooth sail their operations and promote themselves. Here are some key business management tasks where they provide bountiful assistance:
- Business Operations: Deluxe helps in all walks of finance and HR-related tasks. It gives a dashboard view of real-time fiscal insights. Businesses can even assess their bank or credit union’s performance in a matter of seconds. The banker’s dashboard can help business owners access the data they need to drive key growth opportunities. It also gives a day-to-day financial picture to stay updated. Another core aspect of a business is hiring and payroll management.
Deluxe has a specialized HR solution that focuses on people with razor-edge technology. It covers all the important HR pain points like HR & compliance, Talent Management, Payroll, background screening, application tracking, among several others. Deluxe’s automation of HR and payroll systems leads businesses to work in a lesser work-strained environment.
Other key business operation factors where Deluxe assists include strategic sourcing, banking products, business forms, etc. It helps business owners to ensure that they get the best services for their buck.
- Customer Retention: Building a customer experience for high retention rates is more difficult than acquiring customers in the first place. Deluxe presents a comprehensive set of strategies to improve customer retention rates. It has account switching tools that lets business owners onboard and cross-sell to customers. This kind of digitalized setup facilitates quicker onboarding and engagement and lets businesses become the primary financial institution of choice. It does so by simplifying the arduous process of switching direct deposits and payments in minutes.
Another feature Deluxe offers for customer retention is treasury management onboarding. It enhances the business’s customer experience by eliminating the complexities of manual treasury onboarding. This feature allows businesses to deliver paperless onboarding and drive revenue up to 35%. It disengages the sales team from paperwork and gives them disposable time to focus on selling. Treasury management by Deluxe also automates workflow by simply routing documents for approval. And communicates application status on a cloud-based dashboard.
- Digital Marketing: For a business to proliferate in any way, digital marketing is vital. Deluxe offers best-in-class:
1. web designing
2. web hosting
3. data-centered marketing
4. online reputation management
Deluxe helps businesses create and host websites with impressive designs. It gives access to easy-to-use tools for users to create it on their own or make it for them. For online marketing, Deluxe uses data-driven ad targeting for high ROIs. An additional online reputation module is also present to ensure business owners like you maintain a positive image. The best thing about the digital marketing feature by Deluxe is, it is developed to meet all the business-specific demands. Be it eCommerce, healthcare, hospitality, nonprofits, retailing, etc.
- Brand Marketing: Brand Marketing is a vital form of a business’s self-expression and what it stands to deliver. Deluxe helps users create logos, promotional products, retail, packaging services, and much more. This particular feature takes care of all the barebone requirements of a business’s branding needs. It incorporates everything from letterheads, logos, business cards, branded marketing, and much more.
Deluxe Pricing || Deluxe Review
The pricing of Deluxe varies based on the financial regulations placed by the government plus the type of service you require.
Conclusion || Deluxe Review
Deluxe is one of the most trusted payment solutions and business technology partners one can access in the current market. The solution allows business owners to access a whole of features that help in all aspects of a business. Deluxe helps business owners identify every single bottleneck in their operation and help them up and run in no time. From payments to business operations to marketing, Deluxe ensures that its users get 360-degree coverage. The solution facilitates the creation of a brand image with online reputation management. It truly is a standout solution.
