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What are the benefits of using a debit order?

Business Benefit

The flexibility of the debit order system allows for easy automation of the entire debtors process. Request payment, reconcile and take action.

You can choose to integrate the debit order service with your existing software or accounting solution or make use of the SnapBill billing system (https://www.snapbill.com/)

Financial Benefit

As debit orders are generally collected on specific dates you’ll know exactly when to expect money in your bank account, giving you better control of your cash flow.

By having this information, you will be able to budget properly, which means that you can, for example, set aside funds for important business items or services.

So, why wait on your debtors to make payment when they feel like it. Get paid when payment is due and achieve more with your business.

Time Benefit

The debit order process allows businesses to obtain what they are owed automatically, avoiding manual payment from the customer.

Since you are no longer dependent on another party’s time, this allows your business to be more efficient and productive which leads to conducting better business and increasing profits.

Taking the major benefits into consideration, it’s quite clear that the use of a debit order solution holds many benefits over traditional and more costly means of being paid.

Increase Cash Flow

When you control when you debit your debtors bank accounts you gain control over your cash flow. Why wait on your debtors to make payment when they feel like it. Get paid when payment is due and achieve more with your business.

Eliminate Cash Risk

Receiving cash is risky. Moving cash around and handling cash is expensive. Debit orders eliminate the need to deal with cash as all debit order processes take place electronically.

Debit orders are a more cost effective solution than any traditional means of collecting and making payment. You and your debtors save. Cash and cheques are expensive and unreliable. Credit card transactions are plagued with fraud and expensive merchant fees. Switch to a debit order solution and enjoy the benefits of easier and more cost effective payments.

Better Budget Planning

When using a debit order service you initiate the instruction to debit your debtors bank account. You know when you will receive the funds debited with complete certainty and can therefore budget and plan your expenses better. Debit order places you in control.

Automate Debtors Process

The flexibility of the debit order system allows for easy automation of the entire debtors process. Request payment, reconcile and take action.

You can choose to integrate the debit order service with your existing software or accounting solution or make use of our payment system and billing system.

It’s clear that the use of a debit order solution holds many benefits over traditional and more costly means of being paid. Get in the driving seat today and steer your business to success with our debit order solutions.

Convenience

Once authorization has been given for a debit order, the customer doesn’t have to remember to make payments anymore. It happens automatically, on an agreed upon date.

what_are_the_benefits_of_using_debit_order.txt · Last modified: 2017/09/01 09:48 by Schuzelle Smit