Starting a new business can have many new obstacles to overcome. One of these obstacles include collecting money owed by customers at month end. It can be surprising to new business owners how demanding, complicated and frustrating the process of collecting money from debtors can be.
Direct Debit has the perfect solution to this highly demanding and tedious task. Many of the businesses using our very simple and cost effective debit order collection systems have discovered that we can automate the entire process from invoicing to the collection of funds as an all-in-one process.
Once you’ve added your customers on the system, it will automatically create an invoice, debit funds from their bank account, reconcile the transaction and ultimately pay out the funds to you.
Our solutions offer three distinct benefits that can dramatically help your business, making your company more effective and increasing both your cash-flow and profits.
The flexibility of the debit order system allows for easy automation of the entire debtors process. Request payment, reconcile and take action.
You can choose to integrate the debit order service with your existing software or accounting solution or make use of our billing system.
As debit orders are generally collected on specific dates you’ll know exactly when to expect money in your bank account, giving you better control of your cash flow. By having this information, you will be able to budget properly, which means that you can, for example, set aside funds for important business items or services.
So, why wait on your debtors to make payment when they feel like it. Get paid when payment is due and achieve more with your business.
The debit order process allows businesses to obtain what they are owed automatically, avoiding manual payment from the customer.
Since you are no longer dependent on another party’s time, this allows your business to be more efficient and productive which leads to conducting better business and increasing profits.
Taking the major benefits into consideration, it’s quite clear that the use of a debit order solution holds many benefits over traditional and more costly means of being paid.
So, get in the driving seat today and switch to a debit order solution and enjoy the benefits of easier and more cost effective payments.Find out more