Is It Right For You?

Direct Debit“If you collect dozens of payments each month or just one a year, Direct Debit is the perfect solution for you.”

For any business the significance of managing your cash flow is of paramount importance and companies which collect regular payments by Direct Debit can manage their cash flow much more easily than companies that collect payments by other means.

It doesn’t matter if you collect dozens of payments each month or just one payment a year, Direct Debit means that business owners know exactly what money is coming in and when. That knowledge, particularly in these difficult times, can make the difference between survival and failure.

Below are a few examples of the types of businesses and organisations that would gain from Direct Debit. It’s a short list, there are many, many more…

Business Type Collecting Benefit
Utility and Telecoms companies (service providers) Invoice billings, regular service charges Prompt payments, ability to adjust payment amounts on a monthly basis
Clubs (member organisations) Subscription and membership costs Collect annually, quarterly or monthly. Automatic renewals.
Charitable organisations Donations and contributions Ongoing and predicted revenue stream.
Property Management / Estate Agents Rents and insurance payments Specified collection dates. Reduced administration time and costs. Ability to adjust payments as necessary.
Education Tuition fees, subscription fees, Eliminates late payments. Better cash flow management for parents.