Make and collect payments using Bacs, Faster Payments, Direct Debit and Open Banking. Manage cash flow, invoices, remittances and protect your business from fraud.
To pay and get paid. Two essential financial processes for every business.
While payment processes have evolved enormously in the last decade, many organisations are still missing out on a range of cost and efficiency benefits available today. The way we make payments in our daily lives has certainly changed dramatically over the past 10 years. Banking is no longer just something we carry out on the high street, but a friction-free transaction from a device in our pocket, or on our wrists.
Payment is a gesture, a swipe, a thumbprint. Yet despite this transformation, the way many organisations manage their payment processes has changed relatively little – many just use internet banking to accompany a separate accounting or payroll system to make and manage payments. Extensive manual processes are prevalent, with arduous cash collection processes, poor visibility, which can cause an increase in errors and opportunities for fraud.
On top of this, a large proportion of invoices are still delivered by paper – adding even more manual processes. By adopting the right technology, a highly effective finance function can increase productivity, improve control and help any organisation remain flexible, scalable and competitive in their industry.
Submit payments quickly and securely with PTX - for Bacs-approved bureau payment and collections management. Developed specifically for Bacs-Approved Direct Debit bureau and Internal Bacs Bureaux, PTX for Bureaux offers the most efficient, secure solution for direct and indirect payment submissions.
Providing more than 39,000 homes, Orbit Group is the second largest housing association in the UK, with a turnover of £300 million. The recent new requirements for Bacs approved payments was the catalyst for Orbit Group to make the move from a traditional desktop payment software to a fully compliant Bacs approved solution.
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