The Hidden Cost of Payment Failures and How to Solve Them

The latest figures released by Pay.Uk show that the number of Direct Debit failures is increasing year on year – currently sitting at an average of 2.25% per month. That’s alarming when, on average, B2B businesses spend 16%-20% of the payment value to recover a failed payment, according to Forrester research.  

With the right Accounts Receivable process in place, your business can prevent transactional issues and simplify the process of collecting failed payments. The addition of payment options available through Open Banking helps you to collect push-account-to-account (A2A) payments at scale.  

Join business payment experts Kush Shah, Chris Spalding and Dean Oxley as they discuss the optimum receivables strategy to receive payment into your business and reduce day sales outstanding, including:      

• Direct Debit failure trends 
• Managing and handling Direct Debit expectations 
• Combing innovative and traditional payment methods   
• Live demo of Pay Direct 

Don’t miss this opportunity to see how you could incorporate Pay Direct into your collections strategy and regain control of failed Direct Debits.