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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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PTX Cash Collection Services

Cash is the lifeblood of any organisation and businesses of all sizes rely on generating positive cashflow. Almost all companies face late payments challenges and it is estimated that small businesses alone are owed more than £250 billion in late payments (Zurich Insurance Group).

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PTX Connect Overview

This cloud based, collaborative platform enables greater control and proactive management of your outbound financial documents, delivering superior real time data and insight for decision making around cash flow health.

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