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Cash flow is vital for small companies, with 60% of small to medium enterprises blaming late payments for serious cash-flow problems. Having the tools in place to collect payments can be vital for survival.
This episode on the payments podcast is our third episode with Andrew Strickland, an accredited Bacs trainer with over 10 years' experience in Direct Debit training.
In this episode, we focus on why small companies should love Direct Debits, the collection myths and how companies can take that first step towards collecting Direct Debits.
Did you know nearly 90% of adults pay at least one bill each month using Direct Debit? Yet many businesses of all sizes remain unsure of how they should be using it or when for their collections.
Not experienced in the financial technology industry, Emma James initially went to her bank for guidance to help her with the process required to set up a successful Direct Debits system for James Corporate Health. However, felt that she was not getting the service she desired.
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