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EDDI - Eazipay's Direct Debit Interface. An online portal to access and manage your Direct Debit accounts. find out more

small business uncertainty & collecting payments

Amid the ongoing uncertainty, it is all too easy to feel that we are losing control, that we are on our own and that decision-making has been taken out of our hands.

However, by making some small, easy-to-achieve changes now, we can create real, long-term benefits for our businesses – regardless of what is happening elsewhere.

So, here are a few tips from us at Eazipay, one of the country’s leading Direct Debit companies.

Understand your cashflow. Your hard-work and success will be undermined if you are starved of cash. Make the decision to have your invoices paid by Direct Debit. That way you will be able to predict your cashflow with pin-point accuracy. Online payment systems are transforming the way companies pay each other, and Eazipay is in the vanguard of that payment revolution.

If you partner with Eazipay, we will help you gain complete control of your money, by introducing you to the Xero integration system an easy-to-use small business accounting package. With Eazipay collecting your invoices and Xero keeping track of your other business finances, your cashflow will never have looked so safe and secure. Collecting payments you are owed has never been so easy or reliable.

With cashflow still firmly in mind, be ruthless about setting budgets. Have a clear idea of what you want to achieve and how much budget and resource you need to allocate to the tasks.

Solid budget planning gives your business a financial structure on which to build and grow. And because you partner with Eazipay, you will have the cashflow confidence to drive your business forward.

This one sounds so obvious that it hardly merits a mention. But you would be surprised how many SME’s make the mistake of thinking their business money is the same as their personal money. It isn’t and if you don’t separate the two, then you could run the risk of creating personal tax liabilities.

Adopt a professional approach to your business and its financial profile. There is any amount of excellent, solid business advice available to you – much of it free.

Have a look at Eazipay’s website or your own bank’s website. Adopt practices that tell your customers that you take them seriously. Look as though you are worth the money you are charging.

For example, Barclays Bank offer all manner of free business support, from start-up advice to succession planning.

Keep your outgoings under constant review and be prepared to drive costs out of your business, wherever you find them. For example, how often do your review your company’s insurance needs? Are you under-insured? Are you paying too much? If you have decided to downsize, are you now over insured?

Shop around and use free, expert advice on the level of insurance you need

As far a retirement is concerned, are you relying on your business activity to fund your retirement standard of living? If you have all your eggs in one basket, what happens if the business takes a dip. Talk to an expert (ask your bank or accountant) to recommend a specialist who will help you plan for your future.

Now, here’s a horrid one: understand and meet all your tax deadlines. Do you know when your VAT, Corporation Tax and Personal Tax is due? If you don’t then you could be hit with a sizeable bill, additional charges, fees and penalties. As well as unnecessary stress, this situation leads to cash leaving your business for no good reason.

There is never a good time to face a surcharge.

And finally, for now, if financial problems start to loom, don’t let them overwhelm you and your business. Tackle financial issues before they take on a life of their own, before they demand more of your attention than they deserve.

In uncertain times, it is up to us to create the level of certainty we need. It is up individual businesses to protect themselves and their cashflow.

★★★★★

James Simpson
SkinViva Ltd
Wonderful company. They offer a very efficient service with a quick turnaround time between Direct Debits being processed and the funds being transferred to your business. They provide good reporting that has helped our business gain a better understanding of our own clients. We've been with Eazipay for several years and all throughout that time we have received great customer service that has a very personal feel to it. It can often feel like you're their only customer!

★★★★★

Michelle
John Cashin Tuition
We have been using Eazipay for our private tuition business for approximately seven years and we couldn't be more impressed. Deciding to use Eazipay has been one of the best decisions we have made. It is so much easier for me now that I do not have to chase customers for payment, it's all done for us - like clockwork. The staff are so helpful, courteous, friendly and super efficient. A very professional service indeed. For me Eazipay are worth their weight in gold!

★★★★★

Mark Ward
Midland Tech
Midland Tech have been using Eazipay for nearly four years and the service has been excellent. It's easy to use, payments are received promptly, and customer service is very good. Emails are answered quickly, nothing is too much trouble, and everyone you deal with is very knowledgeable and friendly I would recommend Eazipay to anyone.

★★★★★

Oliver Thompson
CCCit
We have been using Eazipay to take direct debit payments from our clients since 2008. As a long standing customer our business could just not run without the assurance that we are going to get paid on time. Eazipay has allowed us to grow our business without the hassles involved in collected numerous monthly payments. We really appreciate all the hard work and expertise that the team at Eazipay bring to our business. Thank you from everyone at CCCit

★★★★★

Andrew Straton
Yorkshire Dales Sailing Club
Eazipay have been collecting Direct Debits on behalf of the Yorkshire Dales Sailing Club since 2009 and we have never looked back! It has made our administration, run entirely by volunteers, so much easier and saved us large amounts of cash by not having to post reminders to members every year. Thank you EAZIPAY, you do a great job and I would (and have) recommend you highly to anyone thinking of using a Direct Debit system in the future.

★★★★★

Emma Statham
We have been using the services that Eazipay Ltd offer for some years now and cannot recommend them highly enough. in a nutshell, they offer an incredibly professional, personal , and faultless service allowing us to collect direct debit payments from some of our customers, hassle free. Natalie Terris is our account manager, and she is helpful, friendly and knowledgable. All our queries are dealt with simply and swiftly. All the Eazipay processes we use are simple to use. We wouldn't go anywhere else- Thanks Eazipay! x

★★★★★

121 IT Services Ltd
We started working with Eazipay in September 2013 and since that time they have made both our clients and 121 IT's life so much simpler. The staff are great, friendly and very good at what they do. Would totally recommend them, thank you.

★★★★★

Mark Wyatt
Telecom Network Services
Telecom Network Services has been a customer of Eazipay for 14 years, since I started the business. The staff at Eazipay are outstanding, always efficient and process payments accurately and on time everytime! I recommend Eazipay Ltd, they are a great company to do business with.

★★★★★

Steven Bourne
We have been a client of Eazipay for over two years now and the service is excellent. There is always someone available on the end of the telephone to deal with any queries and it is a very professional set up. The way in which the system operates is very straightforward and we save hours of time and hassle compared with using the old method of standing orders. I would thoroughly recommend Eazipay to any business which wants to make collecting money easy!

★★★★★

Emma Martineau
Phones 4 Business started collecting payments by Direct Debit in 2007. We chose Eazipay and have never looked back. I daren't calculate how much time I have saved in using Eazipay and staying with them is a no brainer! Why change when I have such a good supplier? It is service that counts; Natalie Terriss and the whole team are always very friendly, efficient and reliable. I have no hesitation in recommending them.

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