Posts Tagged ‘BACS’

British Corporates Are Worst Offenders In £24 Billion Late Payment Debt

Large corporates are responsible for many of the late payments making up the massive £24 billion owed to British small and medium sized enterprises (SMEs), according to research from Bacs, the organisation behind Direct Debit and Bacs Direct Credit. * 33% of SMEs say corporates don’t pay on time * Payments delayed by up to […]

Save Money And Improve Cashflow By Promoting Direct Debit

The social housing sector is well placed to benefit from significant cost savings according to Bacs, the not-for-profit organisation behind Direct Debit. The organisation is urging housing associations and local authorities to consider the active promotion of automated payments as a way of managing rental income and cutting processing costs. Drawing on their experience in […]

£24 Billion now owed to British SMEs

With £24 billion* now owed to British SMEs in late payments, a new guide for businesses, designed to highlight the cash flow and debt collection benefits of using automated payment methods, has been launched. The Automated Payment Method Guide has been developed by Bacs Payment Schemes Ltd (Bacs), the organisation behind Direct Debit and Bacs […]