Are your current payment processing methods slowing your business down? Are you concerned about the charges you incur to pay your suppliers or the security implications?
Do these issues sound familiar?
Many companies have embraced the online revolution, using online banking to manage payments both to their suppliers and staff however for many this still requires remittance advice to be sent out by post and manually re-keying information into the finance system. Both these processes are costly, time consuming and labour intensive. But what is the alternative?
Most SME and mid size organisations are unaware that there are a number of solutions available to make the payment process more efficient. Most businesses are relying on their banks for advice on making payments which involves using the banks preferred choice of payment system. However the banks charging structure can make it difficult to calculate the true cost of processing payments as well as the loss of information which can happen during this process. Information is key for companies looking to make savings in the area payment processing.
As an independent business systems consultancy we can give you all the information you need to start making improvements to the way you handle paying your suppliers and staff.