How a Billing Solution Can Solve Your Direct Debit Problems

billing solution

Let’s fix your problems today!

Running a business can be stressful and is easier said than done. Sometimes, you come up against a list of problems that seem to never go away.

Luckily, we have a great billing solution that is the solution to all your direct debit problems!

Problem 1. Your paperwork is all over the place

Billing Solution 1

If you don’t want to waste your time rifling through mounds of paperwork in filing cabinets, then invest in a billing solution that enables you to manage customers online. This billing system should allow you to view customer personal details, payment plans and details and be able to create, edit or delete as necessary.  This simple, yet effective method of managing customers will make a big difference to your time and stress load…in a good way!

Problem 2. Your customers have different preferences on their payment method.

Billing Solution 2

Some customers like credit cards, others like paying via their bank account; there will never be one way to please them all… unless you have a billing solution that accepts all payment types! By having a flexible direct debit billing system, you give your customers freedom to choose to pay however they feel most comfortable. They will love the convenience as it takes their views into consideration.

Problem 3. You have a failed payment…again.

Billing Solution 3

Sometimes with collecting recurring payments, you will have failed payments for whatever reason – maybe your customer put in the wrong bank details or they have insufficient funds. It sucks, but that is reality. To combat this potential loss of income, a billing solution that has failed payment notifications is a must! When you have failed payments, they should notify both yourself and the customer telling them this while also outlining the reason why. After all, how are they going to fix the problem if they don’t know what it is? A really excellent billing solution should also include an additional payment gateway for the customer to personally attempt to rectify this mistake. The more avenues offered to fix a failed payment, the more chances that you will get the income that is yours.

Problem 4. You want to know what your finances are looking like, but you have to wait 24-48 hours before your account is updated.

Billing Solution 4

It can be frustrating if you want to check your account, but have to wait until it refreshes and sometimes this can take up to a day or two! This is why a billing solution that offers real time reporting is a good solution. When you log into your account, you will see your exact financial position, and know what your exact income is. It will be accurate, providing extra control and reassurance when it comes to collecting recurring payments for your business.

Problem 5. Your account security is not that strong

Billing Solution 5

Collecting recurring payments can be risky. There are many problems that can occur, but a great billing solution will put your fears to rest. Ensure that the direct debit billing system that you have implemented uses the latest technology to protect your important income and data, and that the payment system is safe and secure. If you would like to double check with your system, read over their privacy policy and determine ifit is up to your accepted standard.

Why waste your time stressing over these problems when they can be easily fixed with an excellent billing solution? Once you use one for your business, you will see the difference that it will make to your work and time load and you’ll wonder why you didn’t do it sooner. A billing solution is a solution to your problems!

Looking for a solution to improve your business cash flow in just 31 days? We’ve found it for you. Get it here now!


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