| Your Direct Debit Partner
If your organisation is processing or looking to process payment transactions then we can help:
Reduced Costs
With no capital expenditure WWCB2B.COM allows you to free up valuable human resource, which enables your staff to concentrate on their core activities.
Enhance Value
With constant investment in new technology we provide our clients with an established collection infrastructure giving you a trouble free & cost effective payment process.
Increase Flexibility
WWCB2B.COM provides an all encompassing seamlessly tailored collection solution to suit your charity, association or membership needs.
Management Focus
Our systems enable your management to focus on core business issues and strategies that are key to a successful organisation.
"The simplest way for you to collect regular or occasional payments from your customers - both business and consumer, is by Direct Debit."
The Smart Way To Outsource Your Invoice Collection - Guaranteed Direct Debits
Direct Debit and standing orders generated over 4 billion transactions from over 60,000 UK businesses of all types during 2003. Over 15000 organisations across all industry sectors collect their billings by Direct Debit and it accounts for over 60% of all electronic payments.
In December 2005, the existing BACSTEL service will be discontinued, so all users will need to have switched to the new service before this date. WWCB2B.COM have already completed the migration process and are currently operating the new BACSTEL IP software.
Why Direct Debit
Direct Debits are secure
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Reduced bank charges and collection costs
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Cashflow is improved
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Cleared funds immediately available
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Allows for fixed and variable payments to be collected on variable dates
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Complete control over when collections are made
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Improved customer retention
"What is a Direct Debit? A Direct Debit mandate completed by your customer and passed to your customer's bank ensures that an automated transfer of due funds (through BACS) is drawn against your customer's bank. Normally a Direct Debit is made on the same day each month."
Setting Up a Direct Debit System
In the past many companies may have found it difficult to set up a Direct Debit process. Now, by outsourcing the Direct Debit process with WWCB2B.COM, you can benefit from automated collection as well as all the standard advantages of outsourcing.
Advantages of Outsourcing Direct Debits
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Money owed can be collected automatically 10 days after the invoice is raised if required
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Reduced admin time chasing monies, sending statements etc
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Improved cashflow enables accurate budgeting
WWCB2B.COM - Direct Debit
Many third party companies who provide a Direct Debit origination and/or collection service do so in their own name, which can create confusion for your customers and Direct Debits are often cancelled when the customer is unable to recognise the beneficiary. Now WWCB2B.COM offers a Direct Debit solution, which provides a seamless collection service in your company name and can be paper based or
paperless which makes the sign up process easy to execute.
The Benefits?
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Your company's logo is on the Direct Debit mandate
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Your company appears as the beneficiary on your customer's bank statement
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On-line (paperless) completion of your Direct Debit mandate or the option to download it makes the process more efficient and flexible
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A dedicated phone number which is answered in your company name
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An account management team is allocated to your account
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Payments are reconciled against your sales ledger
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You can view your sales ledger transactions 24/7
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Guaranteed Direct Debits
Direct Debits work exactly as standard Direct Debit but with the added comfort of payment protection on all or some of the Direct Debits operated. If a customer's Direct Debit payment fails, you will be able to claim back 90% of the value of the Direct Debit payment (subject to the insurance terms and conditions being met). Charges are only
marginally higher than the standard Direct Debit - a small price to pay for peace of mind.
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