I don’t use Direct Debits but I want to start

Many organisations use the direct debit system as a means of collecting their accounts payable, recognising that there are significant cashflow, administrative and processing benefits to be gained.

But just as many businesses think that it is something only the very largest, consumer facing companies are able to do.

Not true! Any business can use direct debits as a payment method and nowadays, there is no requirement for you to make a significant financial investment in IT and staff training, because First Capital Cashflow plc can do the work for you. We will take you through a speedy and straightforward process that allocates a unique Service User Number to your business. (SUN – previously known as OIN) This does not involve your own Bank, as First Capital Cashflow will become your sponsor.

We will agree whether the service should be paper based, paperless or a combination of both, but we will provide you with a web based interface that allows the creation and validation of your customers’ direct debit information online – a mandatory BACS requirement for web based applications.

The day to day procedures and exchanges of data are straightforward and confidential. It’s your branding on the direct debit mandate and your customers bank statements and when we send you reports, they are comprehensive, but easy to follow.

What your customers will enjoy is a paperless payment system that helps them keep to terms and avoid the stigma of late payment, while offering you early identification of non payers.

“Since implementing the Direct Debit Collection Service offered by First Capital Cashflow plc, we have been able to drastically streamline the collection of customer invoice payments. We now receive a higher percentage of customer invoice payments on time, month in month out without having to spend time chasing up invoices.” (KC, Managing Director, Telecommunications Company)

At First Capital Cashflow we supply direct debit solutions to a wide portfolio of businesses comprising large Corporates and Owner Managed SMEs. No two Clients have the exact same requirements of us, which is why we like to talk to you about your specific needs as soon as we can. If you fill in and submit this short form, we’ll be back in touch during the next 24 hours.