Wednesday, 12 December 2012

Some great benefits of utilizing direct debits to acquire funds from customers

By Timmy Smart


Making use of direct debit collections to proactively fetch funds from your customers certainly holds many advantages over expecting them to get around to paying you.

Lets check out a number of the benefits of using debit orders to acquire funds:

Enhance Cash Flow

Whenever you control once you debit your debtors banking accounts you receive control over your cash flow. Why wait around on your debtors to make payment when they feel like it. Get paid when payment is due and achieve more with your business.

Get rid of Cash Risk

Receiving cash is high risk. Moving cash around together with handling cash is pricey. Debit orders get rid of the need to handle cash as all debit order procedures take place electronically.

Direct debits certainly are a more affordable solution than any common way of acquiring and making payment. You and your debtors save. Cash and cheques are costly and hard to rely on. Credit card transactions are swarmed with fraud and high priced merchant service fees. Move to a direct debit solution and enjoy the advantages of less complicated plus more cost effective payments.

More effective Budget Planning

When utilizing a debit order service you trigger the instruction to debit your debtors bank account. You know when you will receive the funds debited with total certainty and can therefore budget and plan your expenses better. Direct debit places you in control.

Automate Debtors Process

The flexibility of the direct debit method allows for effortless automation of the whole debtors process. Obtain payment, reconcile and take action.

It is possible to decide to incorporate the debit order service with your present software or accounting system or use our payment system and billing solution.

It's clear that the use of a direct debit solution maintains lots of advantages over traditional and more costly means of being paid. Be in the driving seat today and lead your small business to victory with these debit order options.




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