Having any kind of Direct Debit facility in place is a good thing, enabling customers to pay in a more manageable way. Managing Direct Debit collections manually, however, opens up the potential for human error.
Many companies still use expensive or outdated methods of Direct Debit collection, and even those organisations that have already embraced Bacs Direct Debit may not be gaining the full benefits of an efficient, fully compliant collection process.
Businesses that automate Direct Debit collection can benefit from:
- Fewer errors, better use of time and a positive step towards business growth
- Increased visibility and control, fewer costly payment failures
- A dedicated tool that enhances your existing software
- An efficient, modern solution that meets compliance and streamlines processes.
Download Collect smarter: Take complete control of your entire Direct Debit collection process to learn how to collect Direct Debits smarter, not harder.
"74% of finance professionals report that their organizations experienced attempted or actual payment fraud in 2016."