Eazipay smashes previous performance record
April 13th 2011
Eazipay Ltd, a leading Direct Debit processing company, based in Cambridgeshire, has smashed its previous record for monthly sales and Direct Debit transactions.
An impressive Â£9.8 million worth of Direct Debits were processed on behalf of its clients during March, outperforming the company's previous record of Â£8.9 million, which it processed during January 2011.
A record number of new companies signing up to Eazipayâ€™ Direct Debit processing services also happened in March (35), to further boost the growth of the companyâ€™s customer base, which now boasts over 650 businesses in a wide range of market sectors throughout the UK, Europe and beyond.
Luisa Grey, Eazipayâ€™s Director, comments, â€œThe start of 2011 has been absolutely amazing for us. We began the year by recording our busiest month in our nine year history, which, considering the turbulent market conditions weâ€™ve been experiencing was a fantastic achievement.
â€œTo completely smash that record just two months later, however, is simply astonishing. Processing volumes are increasing all the time, the sales team is working extremely well in bringing in new customers and weâ€™re forging associations and partnerships with more and more businesses nationally.
â€œThe business is clearly going from strength to strength and Iâ€™d like to thank all of our staff and business partners for their hard work, commitment and dedication.â€
Luisa attributes much of the increased demand to the certainty that Direct Debits offer at a time when many companies, even successful ones, are struggling to be paid on time by their customers.
â€œThe fact is that that â€˜cash is kingâ€™ and companies are holding onto their cash as a hedge against uncertain economic timesâ€, adds Luisa. â€œWith a Direct Debit system in place, companies know exactly when they are going to be paid and can manage their cash flow much more easily.â€
Eazipay Ltd, which was recently awarded â€˜Affiliateâ€™ status from Bacs, the governing body for Direct Debit, has become one of the fastest growing Direct Debit bureaus in the country. Despite increasingly difficult market conditions the company has seen its turnover increase in the last two years and at the same time, increased its customers base by a massive 72 per cent.
NOTES TO EDITORS
About Eazipay Ltd
Established in 2002 by local entrepreneurs Kathy and Ron Bradney, and their colleague, Luisa Grey, Eazipay Ltd has become one of the UKâ€™s fastest growing Direct Debit processing companies.
- Eazipay now provides regular Direct Debit services to over 650 companies in a wide range of market sectors throughout the UK, Europe and beyond.
- In March 2011, Eazipay recorded its best ever month for Direct Debit collections when Â£9.8 million worth of Direct Debits were processed on behalf of its clients.
- Eazipay was recently awarded â€˜Affiliateâ€™ status from Bacs, the governing body for Direct Debit processing in the UK payments industry. The company is now a member of an exclusive group of 38 other Bacs Affiliates, which includes representatives from some of the UKâ€™s leading businesses, banks and building societies, as well as government organisations and banking technology providers.
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