Direct Debit Services
We provide specialist services to customer's direct debit collection requirements. We are a BACS approved internal bureau, who are the governing body for direct debits. We collect direct debits on behalf of clients who do not wish to have their own OIN status or want professionals to control their income stream.
We will give a personal service to your company, providing you with detailed management reports confirming new contracts, payments made and defaulting payers.
Business Benefits of Direct Debits
- Guarantee your income dates, improving your cash flow
- Save time
- Save money
- Reduce administration costs and head count
- Increase information (you know immediately who has not paid)
- Increase customer loyalty (results show by introducing direct debit, customers are less likely to switch suppliers)
- It's cheaper. Can reduce collection costs by a third, elimination of manual mailing and reconciliation, reduction in chasing of late payments
- Predictable cash flow. You control the collection of funds
- Increased loyalty. Over 32 million payments are collected by direct debit a year with minimum disruption to customers
Customer Benefits of Direct Debit
- Spreads the cost. Large bills can be budgeted across payment plans
- Peace of mind. Knowing that bills are being paid automatically
- Often cheaper. Incentives for customers may be introduced
- Convenient. No more manual payments required
- It's guaranteed. The only money back guaranteed scheme available
How can my organisation take advantage of the Direct Debit system?
You can of course apply to become a Direct Debit originator yourself if your company has a suitable long trade history and you are willing to provide the sponsoring bank with sufficient securities.
You will need to take the time to learn all the lessons, purchase the software and hope the money will arrive on time if key personnel are off sick or on holiday.
Or...
Let us do all the hard work and allow your business to reap the benefits - we will allocate your company one of our OIN's and start collecting within the next 5 days!
We will send you reports showing how much money will be collected
We will transfer cleared funds into your bank account, weekly or monthly, into as many accounts as you wish
Questions to ask yourself...
- Need to streamline your cash flow?
- Want to collect by direct debit, but been turned down by your own bank for OIN status?
- Want to save on the set-up software and ongoing costs involved with operating your own OIN?
- Want to free up your skilled staff to do more productive things?
- Fed up with chasing unpaid debts?
- Would you like accurate and quick information on who has and hasn't paid?
- Collecting by cheques or credit cards and want to save money on administration?
- Collecting by standing order and want to improve your system and reduce admin headcount?
- Need more accurate information to improve your cash flow forecast?
- Want to have an expert team handling your income stream?