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Effective cash collection is one of the most essential aspects of good business practice.

With 3.4 billion payments via DD in 2013 and predicted growth to 4.2 billion by 2022* the value of the DD model is clear to businesses and customers alike.

* Payments Council – Payments Council Report 2013

A seamless model for managing the end to end invoice and collection process is key to:

Maintaining cash flow

Building good customer relationships

Avoiding unnecessary errors

Minimising administrative overhead

Today, organisations have a diverse range of cash collection alternatives; customers can pay via:

Cheque

3-day Bacs

Faster Payments

Direct Debit (DD)

Mobile payments such as PayM

 
Why it matters?

3.4m Direct Debit payments were made in 2013.

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