The SME’s Guide to Debit Order Collections: How Can We Help You?
PayPortSA Explores Accounting Hacks and the Top Seven Reasons to Use Debit Order Collections.
Grow Your Business With PayPortSA
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As a small to medium sized business owner or SME, debit order collections can help your business grow.
Opting for recurring debit order solutions is one of the most efficient practices your SME can implement. By streamlining your financial processes, this accounting hack can save your business time and in turn, save you money.
Time is of the essence and the freedom to spend business hours on other resources, rather than worrying about payments, is what we can help you with .
Debit order collections is one of the most advantageous debit order solutions for SMEs and larger companies who have medium to large debit order portfolios.
Accounting Hacks to Improve Business’ Cash Flow
Automate Your Financial Processes
By automating your business’s financial processes, you are taking control of your business’s cash flow without jeopardising customer relationships. This way you’ll have more time to build and maintain relationships which ensure client loyalty.
Time Your Cash Flow According To Your Business Needs
By instituting a recurring debit order and payment management system you, the business owner, has control over the processing. This means your cash flow is sufficient to make sure your creditors are paid on time which, in turn, avoids bad debt.
Minimise The Exchange of Cold, Hard Cash
The manual exchange of physical cash is a lot more time consuming than it’s automated counterpart – debit order collections. An automated debit order is processed electronically so cash does not change hands in store. This protects both the business and the customer.
Working with actual cash in store is not only dangerous but it can also be considered a health hazard now with COVID-19 in play.
Read more and learn why debit order collections are the better choice:
Top Seven Reasons to Use Debit Order Collections
#1 Debit Order Collections are Automated
Implementing an automated, recurring debit order solution is crucial to a well-managed, successful business. You can even set the debit order to change to a different amount ahead of time depending on the contract and changing needs of your customers. The main advantage is that it saves you, the small business owner, time and money.
#2 Debit Order Collections Stimulate Growth
Debit order collections allow businesses to better manage their cash flow because it is reliable when it comes to securing the funds, which stimulates growth.
#3 Debit Order Collections are Simple and Secure
All you need to do is log in to your online account, access your payment dashboard and set the terms of your business’s recurring debit orders. Debit order collection is a simple and easy way to collect funds from your clients bank accounts. PayPort’s goal is to assist SMEs with a secure and effective recurring debit order solution that suits their budgets and saves them time.
#4 The PayPort Debit Order Collection Service is Easy to Use
PayportSA’s automated system allows you 24/7 access, so that you can have complete control over your payments, whether it is in the office or in the comfort of your own home.
#5 Streamline Business Operations with Debit Order Collections
Our system has made it simpler than ever to manage your business’s accounts and payments, all from our easy-to-use online platform. All you need to do is log in to your online account, access your payment dashboard and set the terms of your business’s recurring debit orders
#6 Debit Order Collections Reduce Bad-debts and Non-payments
The Intelli-Debit, or NAEDO collection service provided by PayPortSA allows you, the beneficiary, to collect funds owed via the NAEDO payment stream. The Intelli-Debit service helps ensure collections while reducing non-payments and bad debts by tracking the availability of funds in the account for the period of time you stipulate.
Getting paid on time means a business can meet its financial obligations with peace of mind.
#7 Debit Order Collections Increase Cash Flow
When your business is paid on time, your cash flow is automatically more secure. A positive cash flow means you don’t have to put any business operations on hold or tolerate any delays, therefore your business can grow and move forward. Our valuable debt order collection service offering provides your SME the space and time to grow.
In South Africa, most companies use business debit order solutions like PayportSA to administrate and regulate their monthly debit order collections. It is the most efficient and effective way of collecting on invoices from clients, while at the same time, helping your business to maintain a healthy cash flow.
Reasons to Partner with PayPort SA:
- PayPort offers payment solutions that are more cost-effective than South Africa’s banks.
- The application process is quick and efficient.
- PayPort does not require an upfront security deposit for your business to process payments through its systems.
- Provides an accessible solution for South African SMEs.
- Uses advanced technology to provide fast and tailored solutions to its clients.
PayPort SA is a nationally recognised collections and payments solution provider with over 18 years’ experience in the E-Commerce industry.