One big test for each company is & 39; aujourd hui, how to effectively collect revenues. BACS & quot; electronic payment services are a very popular option for many organizations, with Direct Debit for the collection of Council Tax, Business tariffs, mobile phone bills, utilities, credit, insurance , payments to suppliers and subscriptions. & 39; For many years, was the BACS Uk Processor Direct Debit Service, but & 39; is only in recent years, in which firms & quot; have recognized the true potential and the advantages of this method of payment to their customers. BACS of research shows that while managers of & 39; option, between 50% of the UK population will pay bills for payment by direct debit, with 75% of adults prefer Direct Debit as a whole. Automated or organizations prefer online payments on paper, payments based on how the & 39; cash or cheques because of the costs associated with the compatibility of these transactions. Paper must be based on transactions processed manually, whereas the processing of electronic payments can be automated. But why so many & 39; organizations prefer to pay their customers the payment on species such as credit and debit cards instead of Direct Debit, lower transaction costs for banks and can be more effective Labour Force. This could explain & 39; s by the fact that the & 39; impression of & 39; Direct Debit can only intervene in cases, even if the payments over a longer period, so that donors d & 39; budgetary constraints. One-off or first collections are sometimes confronted with credit cards or debit card, but the rules of Direct Debit accommodate all forms of the collection schedule calls for increased & 39; organization. Surrounding Direct Debit rules stipulate that payment terms are defined in a company collecting payments (creator). This means that, subject to agreement of the donor & 39; d & 39; order, the collection of all amounts can be at any time and on & 39; No matter what period. This flexibility means that Direct Debit & 39; n is not as rigid as in their use, it seems all & 39; first, and could be used effectively to replace the card transactions more costly. For a creator to take full advantage of the collection of samples they need to understand what their constituents expect of & 39; a payment Direct Debit and a desirable option. The main reason for the choice of not paying for the payment by direct debit, the date of payment. Many & 39; organizations to collect levies still confined to a single date of removal of each month at the same time, whereas the adoption & 39; card transactions for each day of the month. With a lack of choice of the date for payment of Direct Debit makes them less desirable, especially for payers have money in their account, or after maturity & 39; planned. Rigid payment delays could mean that the budget is difficult payers, and as a result, the collections are more often by bank transfer as a force of the burden and costs even more. With the addition of & 39; payment data and payers in order to allow them a selection of the most appropriate time for them to retire, which is initiator, is seen as the only real negative aspect of Direct Debit. Once the designer has a lack of flexibility and its collection comes Direct Debit penetration increases, it is essential that all those who assignor payment processes are robust and effective. Founded payment by debit processes are often able to work successfully, but our experience has shown that longer and longer, inefficiencies also increase, so Direct Debit an option more expensive than done. Although revenue is a success, Direct Debit & 39; returned & 39; aspect of unpaid simply as a & quot; cost to the economy & & 39; ; amp; quot;. Assignor, what most are not at the same time, costs for the restoration of these collections and missed operational savings that can be obtained by the review of its processes. Periodic review of the payment process can remove the causes of errors and the burden of manual work to & 39; process automation in & 39; using services such as Direct Debit Instruction Automated Service (AUDDIS) or undocumented Direct Debit (DDA). In summary, one can say that for most Direct Debit assignor, the process of signing payers, the assignment by Direct Debit instructions and the means to collect, works. To enjoy all the benefits of Direct Debit, & 39; operating costs must be monitored and, if necessary, reduced. But too often, & 39; other projects and subject to the supremacy day-to-day business activities and the use of BACS & 39; and Direct Debit is ignored. In recent years, BACS system itself has been updated to meet the needs of the 21st century, and initiator itself must now follow following the elimination & 39; manuals and a total of charges increasingly efficient.
Author: James Tiltman, Managing Director. Sandglass Business Consulting Ltd payments training & amp; council sondra tracee
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