Friday 14 December 2012

The many benefits of employing debit orders to acquire money from debtors

By Timmy Smart


Employing direct debit collections to proactively retrieve money from your customers certainly has many benefits over anticipating them to get through to paying you.

Lets check out many of the benefits of using direct debits to collect money:

Increase Earnings

Once you manage when you debit your debtors bank accounts you receive control over your earnings. Why wait on your debtors to make payment should they feel like it. Get paid when payment is due and achieve more with your company.

Stop Cash Risk

Obtaining cash is dangerous. Shifting cash around together with dealing with cash is costly. Debit orders get rid of the need to deal with cash as all debit order procedures take place digitally.

Direct debits are a more cost effective solution than any standard means of acquiring and making payment. Both you and your debtors save. Cash and cheques can be very expensive and unreliable. Credit card transactions are inundated with scams and costly merchant fees. Change to a debit order solution and enjoy the advantages of simpler and more affordable payments.

Improved Budget Planning

When using a direct debit service you start the instruction to debit your debtors banking account. You understand when you will receive the funds debited with complete certainty and can therefore budget and manage your expenditure better. Debit order places you in control.

Automate Debtors Process

The flexibility of the debit order system enables effortless automation of the whole debtors approach. Obtain payment, reconcile and take action.

You could choose to integrate the debit order service together with your current software or accounting solution or utilize our payment system and billing platform.

It's clear that the usage of a debit order system holds lots of advantages above typical and much more costly means of getting paid. Get in the driving seat today and steer your organization to victory with these debit order solutions.




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