Direct Debit Management: Guide to Automating Direct Debits

Direct Debits are familiar and widely-trusted, and forward-looking businesses should be considering and implementing payment methods that follow the trends of consumers.

By collecting Direct Debits automatically, businesses can forecast and manage cash flow more easily through regular, recurring payments, saving on time, costs, and unnecessary errors.

Businesses that automate Direct Debits benefit from:

• Increased profitability, as operational costs are reduced
• Simple reconciliation by exception, with only errors and non-payments returned
• Certainty and control over payments, allowing for improved cash forecasting
• A more efficient payer management system, with amendments to customer’s bank details informed electronically