Why are Businesses Turning to Direct Debits?

Many small businesses struggle to tackle late payments and don't have the time and resources to chase customers whose payment is overdue.  

Fuelling this is a significant slow payer ethic that often resides within an organisation’s customer network.  It is no surprise therefore that many businesses, are turning to Direct Debits to automate their collection process and take control of when they get paid.

Implementing Direct Debits has never been easier for small businesses, and Bottomline opens up access to the Bacs Direct Debit scheme, so there are no barriers to stopping businesses create efficiencies and get paid on time, every time. 

Within this fact sheet, you will learn the many reasons why you should collect by Direct Debit. The key benefits being:

• Reduced admin costs
• Fewer missed payments
• Improved cash flow
• Increased customer loyalty

Simply download the factsheet to find our how Bottomline can help you get set-up.

Direct Debit is the only payment method that allows organisations to ‘pull’ payments from bank accounts, rather than relying on customers to push payments to you.