Automated Direct Debit management enables businesses to know exactly where they stand with regards to getting paid for the products and services they sell.
By collecting Direct Debits automatically, businesses can forecast and manage cash flow more easily through regular, recurring payments, saving on time, costs and unnecessary errors.
Businesses that automate Direct Debits benefit from:
- Increased profitability, as operational costs are reduced
- Certainty and control over payments, allowing for improved cash forecasting
- Simple reconciliation by exception, with only errors and non-payments returned
- A more efficient payer management system, with amendments to customer’s bank details informed electronically.
Direct Debits are a familiar and widely-trusted method for paying regular bills, and forward-looking businesses should be considering and implementing payment methods that follow the trends of consumers.
Download The business case for changing your Direct Debit management to help you build a roadmap for meeting these trends.
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