Offering multiple funeral payment options isn’t just helpful for your families, but it’s also a smart business decision for several reasons. For your firm, it gives you more ways to get paid faster and stand out from your competitors. For your families, it gives them more convenient options and peace of mind.
Let’s go over these benefits in more detail below, as well as a turnkey solution that makes it easy to offer multiple options all from the same system.
Why Funeral Directors Need Multiple Funeral Payment Options
First off, offering multiple payment options
improves your firm’s cash flow. In other words, it means more ways to get paid – and get paid faster. Instead of a family struggling to come up with the funds and putting off the payment, they can pick an option that works best for them and get your firm paid right away. This way, you’re not left wondering when you’re going to get paid.
For instance, these are a few payment options that your firm could offer your families:
- Paying with a credit card in person, on your website, and through an email invoice.
- Starting a crowdfunding campaign to raise funds for the funeral costs.
- Submitting a claim to use a loved one’s life insurance policy as funeral payment.
Offering multiple options also can eliminate awkward conversations to remind the family that you’re still waiting on the payment. Bringing up topics like the payment can be uncomfortable for any profession, but especially for funeral directors, since you also want to be sensitive to their recent loss, so it’s a balancing act. But by giving them options, you can potentially avoid these types of conversations.
If you’re looking for a way to stand out from your competitors, offering several ways to pay may be a way to do that. By doing a Google search about your competitor and visiting their website, you can quickly learn what payment options they offer. Even if they do offer options like crowdfunding, that doesn’t mean that their solution is the best one out there.
For example, maybe they’re using a third-party crowdfunding service, which often means less control and more additional fees. But if your firm uses a crowdfunding platform that lives
directly on your website, you can remain in control while saving time and money.
Why Your Families Need Multiple Funeral Payment Options
Paying for a loved one’s funeral isn’t a one-size-fits-all situation, as your families all have different financial needs to account for. While one family may be able to pay right away, another may need to raise funds or find another way to pay, such as through a life insurance assignment.
That’s why offering multiple payment options gives families the peace of mind they need while grieving a loss. Their entire world is upside down, so knowing that the funeral expenses are taken care of can give them some comfort. Death is an uncontrollable situation, but families can regain some sense of control by paying for the funeral with the option of their choosing.
Your families may also appreciate the option to pay for the funeral whenever and wherever it’s most convenient for them. Whether it’s directly on your website or through an email invoice, they can pay
anytime, anywhere. No more finding time in their now even more busy schedule to drive to your facility and meet with your staff to submit the payment. Instead, they can do it virtually to put more time back into everyone’s day.
Get Everything You Need in One Easy-to-Navigate System
With
E-Pay, you can offer your families multiple funeral payment options, including:
- During the arrangement conference.
- Directly on your website by simply searching for their loved one’s name.
- Through an emailed invoice.
- With insurance funds.
- Starting a crowdfunding campaign directly on your SRS Website.
Best of all? We design our products to be hyper-focused on data fluidity to create a seamless process. This means no matter which payment method your families choose, the payments flow into your accounting in your
SRS software, so you don’t have to manually enter it.
You don’t have to just take our word for it about how great our system is. See for yourself what David Lee Hernandez Jr., the CEO and Founder of Jersey Memorial Group, has to say about SRS:
“So, SRS has been a tremendous asset to my organization. I use the analogy that it’s the central nervous system, so the funeral directors input all of the data in there. The administrators are able to print all the various documents and contracts out of it. Our accounting team goes in there to get all the financial data and export the data into our financial software. I look at it from our reports and as a practicing funeral director, still use it on a day-to-day basis with the case management software, so the program has been a tremendous value and robust in not only be able to save time, but also eliminating duplicitous processes, so it’s single-entry data and then it goes across all of our other platforms, which is tremendous on my side.” You can watch his entire video or read the transcript
here.
Ready to revolutionize your firm’s payment offerings?
Click here
to book a demo to see how easy it is to start using E-Pay.