E-billing plan for Australia Post
Australia Post recorded a $A56.9m downturn in profits from mail deliveries in 2005. This side of its business contributed $A2.6bn of the group’s total revenue of $A4.3bn for the year. Australia Post proposes to arrest its declining profits by introducing an electronic billing system, which will provide companies with an alternative to mailing traditional paper-based bills to clients. Profile Marketing estimates that Australian companies spend $A50m to $A150m a week on sending out paper bills. The electronic system would charge businesses $A0.50 to send each bill
