Direct Debit – Good for business, Great for Customers

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Direct Debit - Good for Business, Great for
Customers
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AccessPays Direct Debits can be the answer to
most of the problems that businesses face with
collecting payments from customers, giving them
huge competitive advantages.   Late or missed
payments can seriously damage a business. They
can reduce cash flow, take time and to resolve,
and make a poor impression on valued customers.
Because of this, Direct Debits are becoming
increasingly popular with businesses of every
size from small companies that only need to
process a few Direct Debit collections, to
international organisations that regularly handle
vast numbers of domestic and cross-border
transactions.
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Direct Debit For Business
  Here are some of the benefits that
automated Direct Debits can offer businesses

• 1.Improved Cash Flow Direct Debits boost cash
  flow by providing businesses with visibility of
  regular income, thereby improving their
  forecasting and planning abilities.
• 2. Customer Retention Direct Debits have been
  shown to increase customer retention due to their
  reliability, ease of use and security guarantees.
• 3. Flexibility Direct Debits give businesses
  the option of collecting variable amounts on
  different days.
• 4. Time Saving The automation that good
  management software brings to Direct Debit
  collections means that businesses are able to
  concentrate their time and resources on
  revenue-generating projects.
• 5. Greater Control An agreement to collect
  amounts over fixed periods will result in
  decreased credit control measures.

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Direct Debit for Customer
Why Direct Debits ?

• Direct Debit is Easy
• Convenient
• Safe
• Better Channel of Communication
• Sending instant notification when problem occurs
•  As a result it is benefits to customers, it is
  now the UKs favourite way to make payments,
  preferred by over half of all UK bill payers.
• This popularity and increasing consumer
  familiarity with the scheme is further good news
  for businesses.  

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Web Based Direct Debit Management Software The
best for you!
To fully take advantage of Direct Debits,
businesses should consider a web-based system
that offers better online payment collection
along with proactive reporting functionality that
can improve the level of customer service they
offer. A good web-based Direct Debit management
software should enable you to securely manage
payments from anywhere in the world. Bank account
numbers and sort codes can automatically be
validated to reduce errors, and the system should
always be updated to ensure customer processes
are fully compliant. When it comes to
reconciliation, instant reporting and transaction
status updates will prove invaluable and
real-time reports will highlight the benefits
that come from automatic validation and less
manual data entry.
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