More often than not unidentified cash receipts from your customers or lack of clarity on which invoices have been paid on a timely submission of a remittance (leaving unapplied, on account payments on their account) can cause delays and issues for an effective collections process – often diverting resources from cash that actually still needs to be paid.
Additionally, for most organisations working with banks to batch cash from customer receipts and payments, identifying the correct customer account and understand what they have paid can represent a substantial overhead for any business.
We provide this service to companies from our UK based service centres who are looking to introduce more efficient, timely and accurate processes. The work is secure, cash remains with our Client banks and our services will make use of available automation and lockbox functionality.
For more information, get in touch today.
FAQ - Pay a Debt
