The distinguishing feature is that nothing is punched, so the pages stay intact and the finished document reads like a printed book rather than a bound stack. That matters for tenders, reports and anything presented externally. The cost is flexibility, since a thermal document cannot be reopened and edited, and the pre-glued covers are the ongoing consumable. See binding machines, binding supplies and presentation folders.

Thermal binding machine displayed on a bright office desk with bound reports, presentation documents, binding covers and professional stationery.
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    Thermal Binding Machines for Reports

    Shop thermal binding machines for reports, proposals, manuals, presentations and professional documents.