Collecting payments via Bacs Direct Debit represents a major advancement over manual collection methods, with the time and resources associated with making calls and drafting and mailing letters minimised. With the right details and processes for Direct Debit collection in place, funds are guaranteed to arrive on the agreed day automatically, and debtors’ days are reduced.
By implementing paperless Direct Debit collection, businesses can benefit from:
- Increased control over finances with the certainty of getting paid on time
- Better visibility of cash and forecasting
- Reduced reliance on spreadsheets and manual administration overheads
Related Solutions
Payments Automation for Businesses
Eliminate fragmented payment processes, centralize business payments, and speed up invoice and payments processing while reducing fraud risk.
