Direct Debit is a valuable tool used by businesses worldwide as a way of becoming more efficient, manageable and cost-effective. Convenient and time-saving, it eliminates administrative hassle from all operations.
Put simply, Direct Debits make running a business much easier.
Getting a better grip on your cashflow
Direct Debit provides you with foresight on incoming payments. Easy to track and monitor, you can use this information to reduce the risk of oversights and strategically budget for the future.
Knowing who is paying how much at what time spares you of chasing late payments or sending out reminders. You, as a business, remain in control of your cashflow all the time.
In fact, the customer only needs to approve payment collection from their account once. Further authorisations aren’t necessary, even with flexible payment amounts. This means less paperwork and an easier way to organise your bottom line.
The age of advancement
Direct Debit has never been faulted for its inability to move with the times. The entire process is largely handled in a paperless fashion, easing the lives of customers and staff.
Through online joining portals, like DFC’s own FastDD, people can sign up to the scheme online 24 hours a day, 7 days a week.
FastDD is embedded in your website and provides automatic bank verification, reducing errors and delays on entry. Subsequently, the number of contact resolution points is reduced dramatically.
A fantastic sales aid, portals like FastDD can increase your monthly sales cycle whilst reducing the time and cost implications that come with this.
Even better…
Why not go one step further and get DFC to manage your Direct Debits for you? We take the hassle out of streamlining your payment process. You can save time and money whilst staying in complete control of your payments.
It’s our mission is to help you improve your relationships with your customers so that they stay longer. You can leave us to collect your Direct Debits, while you concentrate on running – and growing – your business.