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A $7 Technology Company Could Save Time and Money

A $7 Technology Company Could Save Time and Money

Pitney Bowes Inc. (NYSE: PBI) a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, finance, and data, announced that it is offering a new version of their SendPro Online sending solution to help simplify mailing and shipping through the USPS.

For only $4.99 a month, users will get access to discounted USPS mailing and shipping rates with the convenience of being able to print postage and shipping labels directly from their computer.

Business Wire reported the details of the announcement:

“Businesses of all sizes will be able to save both time and money with the easy-to-use online solution. SendPro Online provides access to special discounts with USPS, including a $0.05 discount on every first-class letter sent and up to 40% off Priority Mail® shipments. Included with the cloud-based SendPro solution, users will also receive a free 10lb scale, allowing them to accurately weigh packages.”

Kevin Kaidbey, co-owner of Nora Ross, a hair care and herbal supplements company, commented: “We ship about 40 to 50 packages each day. Right away we could see the savings. We use SendPro Online every day.”

Ericka Hunter, Finance Manager for HH Service Company, which provides HVAC services, also commented: “Not only do we save money, but we also save time, no longer needing to drive to the post office for stamps. Everything is done from the convenience of our office. And it’s very easy to use.”

From comparing shipping options to printing postage and labels to tracking packages and reporting, SendPro Online allows users to manage mail and shipping efficiently and easily all from one interface.

It brings the same technology used by large shipping companies and online retailers to small and medium businesses in an easy-to-use, cost-effective, online solution.

Jason Dies, EVP and President, Pitney Bowes SMB Solutions, said: “As a partner of the USPS, we are proud to offer businesses access to the great services and benefits the USPS provides in a convenient, cost-effective way.

The SendPro Online application takes the complexity out of sending and makes it possible for businesses to mail letters, flats, or packages from any desktop, tablet or mobile device. We are pleased to be able to offer more value than our competitors, now at a price point well below theirs.”

An additional key benefit for SendPro users is the ability to mail now and pay later with Pitney Bowes’ flexible payment options for USPS postage.

These flexible postage payment options help businesses of all sizes enhance their sending operations, better manage cash flow, and streamline their postal accounting.

Based on the chart below, it appears that investors liked the news.

PBI daily chart

PBI should be considered a buy if recent momentum continues.

Look for an entry at $7.21 with a price target of at least $9.48 based on the pattern in the chart.