Best practice guide
Stay competitive in an ever-changing landscape
Make payments faster than ever before
Improve processes and avoid unnecessary paperwork
Increase visibility into invoice and payment data
Enhance data to learn more about your customers
Automate your UK payments
Use the UK’s most popular Bacs-approved software to transform your outbound payments process, regardless of whether you send payment files directly from your ERP/accounting package or manually enter the information yourself. Bacs is the organisation responsible for the rules, or schemes, behind the automated clearing and settlement of Bacs Direct Debit (cash collections) and Bacs Direct Credit (payments).
Automatically submit Bacs payments right up to the daily cut-off time, as well as Faster Payments 24 hours a day, 7 days a week. Faster Payments are a quicker method of sending money than using Bacs. Payments sent via Bacs are processed on a three working days cycle, whereas Faster Payments are almost immediate and available 24/7.
Manage how you authorise payments
Ensure that money doesn’t leave your business without proper scrutiny. Manage who can approve what, with customisable approval rules.
Take the legwork out of checking payment dates, validating files and catching duplicate payments that would otherwise have been paid.
Stay secure and ahead of
the competition
Encrypt payment files at rest, stop duplicate payments and detect potentially fraudulent activity - all in one business payments platform.
Whether you’re a smaller business making the odd supplier payment, or a larger organisation submitting payment files daily, choose a platform that grows with your payment processing needs.
"I can’t describe the level of satisfaction I had having the conversation with my bank relationship manager about how easy our move to PTX had been; the ease and speed of the implementation, the flexible platform, and the fact that it was website driven rather than the interface which the bank had." Craig Dewar | Chief Information Officer | GPS
"The PTX dashboard gives us an immediate visual confirmation that the Bacs submission was successful. It eliminates any guesswork as we can see very clearly which donor we have claimed from and when. We now have far greater visibility over our Direct Debits than ever before." Donna Riyani | Senior Supporter Services Officer | Parkinson's
"PTX offers an online, intuitive, quick and user-friendly solution. For us the decision was simple! We now feel confident about our regular payments and collections, as well as the additional DR capability PTX offers." Nick Barber | Cash Manager | Callaway Golf
Internet banking vs. direct Bacs solution
What is the best way to make supplier payments? For many organisations already using Internet banking to check balances and access statements, it can often seem logical to also utilise it for payments. But is this the best option?
Most organisations making more than 50 transactions per month will achieve cost savings by moving to a direct Bacs solution.
Download our white paper for answers to these questions and more...
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