Address Validation Can Help You Save Money and Grow Your Business
.jpeg?width=535&height=301&name=Promo-Twitter-Twitter%20post%20image%20(29).jpeg)
Customer addresses are a crucial piece of information in data management. They are used for billing, shipping, and communication purposes. This is why businesses must ensure that the addresses they have on file are up-to-date and accurate. Address errors can have a significant impact on your budget, particularly if you rely on mail and package delivery for your business.
The effects of bad address data are numerous. When businesses have incorrect address data, they can experience logistic issues such as lost packages, delayed deliveries, and increased costs. These problems can negatively impact customer satisfaction, leading to lost business and revenue. Bad address data can also lead to wasted time and resources spent correcting mistakes and verifying customer information.
Statistics show that returned packages due to inaccurate addresses are a common occurrence in the UK. In fact, according to a study by the Royal Mail, around 18% of all UK mail is returned to the sender due to an inaccurate address. This is a significant number and represents a substantial cost to businesses. When packages are returned due to inaccurate addresses, businesses must pay extra to have them re-delivered or corrected. This can quickly add up and take a toll on a business's bottom line. Additionally, if a business sends out a large number of packages or mail, the costs of address errors can quickly spiral out of control.
The solution to this problem is address validation. Online address validation is a tool that can help businesses ensure that customer addresses are accurate and up-to-date. This technology can help identify errors in addresses in real time on a form.
Address Finder can help businesses save money by capturing the correct address at point of entry. This will reduce the number of returned packages and can save businesses the extra costs associated with re-delivery or correction. Give it a go and search for an address on our Address Finder demo!