Bacs Transmission Software
Direct Debit Management Software
Bacs Bureau Transmission Software
Sortcode & Bank Account Validation Software
Address Lookup Software
Bank File Generation Software
Using Bacs is very straightforward. All you do is provide the payment details to Bacs electronically. This can be done using our Bacs Appoved Software, BacscomIP. You confirm details of all the payments or debits you want to collect as well as the relevant sort code and bank account details, the amount, and date on which you wish the payment to be credited or debited. Once the information is received, it is checked by Bacs and a confirmation report is returned to you.
As the Bacs process is electronic, it removes the need for repetitive form filling, writing cheques and also reduces the number of payments going missing. The knowledge of when payments are to be processed through your bank helps the management of cash flow and offers better financial control, not only to your business, but also to your customers and suppliers.
Bacs can be used to collect payments. You can use Direct Debit to collect regular payments such as fees, subscriptions, rents etc.. It can also be used for irregular collections such as invoices.
You can also use Bacs Direct Credit to pay payroll/salaries, supplier payments, pensions, employee expenses, dividends etc.
Input day, when files are submitted to Bacs
Processing day, when the file/files are processed by Bacs
Debit/credit day, when the payments reach the bank account
We keep our customers happy with our range of affordable, easy to use solutions. We can help you too. Why not call us on 01355 272641 for a free demo?