direct debit solution for better cash flow
DESCRIPTION
This presentation described how Direct Debits are becoming popular for every sized of business and how it helps to improve your cash flow. Know the benefits of direct debit solution and also why it’s now UK’s favorite way to make online payments.TRANSCRIPT
Direct Debit solution for better cash flow
Late or missed payments can seriously damage a business. They reduce cash flow, and can take time and effort to resolve.
A decent Direct Debit solution makes these late and missed payments a thing of the past.
Direct Debits are becoming necessity for every kind businesses, from small companies to MNC's who transact in vast number regularly of domestic and cross border transactions.
Here are some of the benefits that an automated Direct Debit solution can offer businesses:
Cash flow is the life-blood of any business, and any way of improving it is always popular! Direct Debits boost cash flow by providing businesses with visibility of regular income; thereby improving their forecasting and planning abilities.
I. Improved Cash Flow
II. Customer Retention
Direct Debits have been shown to increase customer retention due to their reliability, ease of use and security guarantees.
III. Flexibility
Direct Debits give businesses the option of collecting variable amounts on different days.
IV. Time SavingThe automation that good management software brings to Direct Debit collections means that businesses are able to concentrate their time and resources on more productive revenue-generating projects.
V. Greater Control
An agreement to collect amounts over fixed periods can result in decreased credit control measures.
Customers also like the fact that Direct Debits are easy, convenient and safe. It’s now the UK’s favourite way to make payments automatically, preferred by over half of all UK bill payers.
This popularity and increasing consumer familiarity with the scheme is more good news for businesses offering Direct Debit payments.
A good Direct Debit solution can be the answer to most of the challenges that businesses face when collecting payments from customers.
AccessWallet’s Direct Debit management software can help your business reap the benefits of recurring payments – and help you get paid on time, every time!
Please feel free to contact us, and take your payment processing to the next
level.AccessWallet
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London NW1 5RA
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