Sunday, November 18, 2012

What's so great about utilising direct debits to recover funds from customers

By Timmy Smart


Employing direct debit collections to proactively retrieve money from your debtors naturally has lots of advantages over anticipating them to get around to paying you.

Lets explore many of the advantages of choosing debit orders to recover capital:

Improve Income

Once you control once you debit your debtors banking accounts you receive control of your earnings. Why wait around on your debtors to make payment when they feel like it. Get money when payment is due and achieve more with your company.

Eliminate Cash Risk

Receiving cash is hazardous. Shifting cash around together with working with cash is pricey. Debit orders remove the need to deal with cash as all debit order processes take place electronically.

Direct debits are a less costly solution than any regular way of collecting and making payment. You and your debtors save. Cash and cheques are very pricey and unreliable. Credit card transactions are plagued with fraud and high priced merchant service fees. Move to a direct debit solution and relish the benefits of easier and more cost effective payments.

Much better Budget Planning

When utilizing a direct debit service you initiate the instruction to debit your debtors banking account. You understand when you will receive the money debited with total confidence and can consequently budget and plan your expenses better. Debit order puts you in control.

Automate Debtors Process

The flexibility of the debit order method enables easy automation of the whole debtors process. Request payment, reconcile and take action.

It is possible to choose to integrate the debit order service together with your current program or accounting system or use our payment system and billing solution.

It's evident that the use of a direct debit solution maintains lots of benefits above common and much more expensive means of being paid. Enter the driving seat today and steer your company to triumph with our direct debit remedies.




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