Many small businesses struggle to tackle late payments and don't have the time and resource to chase customers who's payment is overdue. Fuelling this is a significant slow payer ethic that often resides within an organisation’s customer network. It is no surprise therefore that many businesses, are turning to Direct Debits to automate their collection process and take control of when they get paid.
Implementing Direct Debits has never been easier for small businesses, and Bottomline opens up access to the Bacs Direct Debit scheme, so there are no barriers to stopping businesses create efficiencies and get paid on time, every time.
Within this factsheet, you will learn the many reasons why you should collect by Direct Debit. The key benefits being:
Simply download the factsheet to find our how Bottomline can help you get set-up.
Direct Debit is the only payment method that allows organisations to ‘pull’ payments from bank accounts, rather than relying on customers to push payments to you.
DatasheetDirect Debit Collection Service for Small Businesses
Financial management and cash flow sit near the top of all businesses day-to-day objectives and Direct Debits are a proven payment method that helps organisations to maintain a stable cash position. However, some small businesses can struggle to get bank sponsorship onto the Bacs Direct Debit scheme, making it difficult for them to take control of their payments.
VideoParkinson’s UK Securely Managing Direct Debit Collections and Improving Efficiency
Discover how PT-X Bacs Direct Debit management solution helps Parkinson’s UK securely manage Direct Debit collections and improve efficiency across their donation collection process.
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