Businesses planning to set up as Direct Debit originators will find a plethora of information about BACS approved software providers online. Suppliers offer a variety of services as well as advice on running direct debits and guidance on the legalities of the BACS scheme.
The key driver for most businesses is to reduce costs, save time and control when and how much they get paid and as most of us will be familiar with direct debits from a consumer perspective (e.g. retail purchases, loans etc) it is worth bearing in mind that these benefits can also be transferred into the B2B environment.
Although getting accepted for a SUN (Service User Number) can take some time, once approved you are on the way to taking control of a key element of your business – Cash flow!
Computerised accounting solutions like Sage have enabled businesses to manage data more efficiently and the data held within such systems has the ability to be manipulated with the use of additional tools (add-ons) to facilitate the requirements of other 3rd party solutions such as BACS services.
Using software solutions to reduce manual processing means businesses benefit not only financially but also gain in terms of efficiency.
This article was produced for us by one of our strategic partners, Solutions For Accounting, who are Sage specialists. We work closely with them to help businesses maximise the benefits available from their computerised accounting packages, and this extends to many more areas than just Direct Debit handling such as stock control, ecommerce, construction industry etc.
For more information about add-ons for Sage visit www.solutionsadditions.co.uk
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