We work with some of the largest franchise networks in the UK. We also work with some of the smallest. As far as the benefits of using Direct Debits are concerned, size doesn’t matter – but the advantages do.
Whether you own your own business as a franchisee or you own the entire franchise, collecting fees, routine invoicing or paying royalties, you could be faced with collecting varying amounts on different days of the month. Collecting the money is vital, but can be a real headache if you have a business to run at the same time.
Setting up your customers on Eazipay’s Direct Debit collection system means that payments are collected when they fall due. Your cash flow is maintained, your administration is leaner, you have peace of mind and more time to spend on your business.
Collecting the money you are owed is as easy as…well, setting up a Direct Debit. Simply give us the information on who to collect from, when and how much and we will do the rest.
So you can concentrate on growing your business secure in the knowledge that your cash flow is being protected.
If your franchise collects payments on a regular basis, even if it’s just once a month, then you will definitely benefit from using Direct Debit to collect those payments.
You will have the peace of mind from knowing that the payments due to you will be collected by us on time, in full and transferred to your bank account as soon as the funds have cleared – usually two days after collection.
Do you know how much you spend chasing money you are rightly owed? Well according to industry research, it isn’t unusual for SMEs to be spending around £1,000 a month chasing payments.
Doesn’t it make sense to keep that that money inside the business and use it to develop your business and not spend it chasing money that is yours anyway?
By using Eazipay’s Direct Debit collection service, those unnecessary costs will be slashed because the money you are owed will be collected by us and paid to you.
Money in your account, on time, every time. Reliable, predictable, flexible.
With our Direct Debit collection service you will never need to worry about money you are owed being overlooked or money being paid late. Because our Direct Debit collection service is fully automated, payments due to you are collected in full, on time, every time.
Isn’t it time to turn the tables on your cash flow? Instead of cash flowing out of your business at an alarming rate, why not improve the speed and regularity with which money arrives into your bank account?
Getting paid is the most important business activity you undertake, and yet all too often it is left to the last possible moment. Figures from Bacs reveal that SMEs can spend up to £1,000 a month chasing late payments. This is too much money, too much time lost, too much effort that should be invested in growing your business.
Collecting money you are owed by Direct Debit drastically reduces late payments, gives you positive cash flow, frees up time to concentrate on your business, makes your whole enterprise more efficient and helps you sleep a little better at night.
One of the best things about a Direct Debit system is that it's easy to set up and administer.
The first thing to do is to set up a Direct Debit account. Big companies can do this directly with the bank, but it's an expensive and time consuming process, so the vast majority of businesses use a Facilities Management Bureau like Eazipay.
Once the account is set up, the process could not be easier, involving just four simple steps, and once the client is on the system the payments go through automatically at the frequency specified by you.