Why conducting a Bacs process review is crucial for your business

Embarking on a Bacs process review is a proactive initiative with the potential to refine and enhance financial operations within your organsation. It opens a gateway to a multitude of advantages, providing insights, improvements and enhancements.   This article examines the importance of conducting a process review for your business and how it can lead… Continue reading Why conducting a Bacs process review is crucial for your business

A guide to effective process reviews

Internal company or departmental process reviews provide an excellent chance to gather your teams and examine the past 6-12 months. What’s worked well, what didn’t, and how can you make improvements moving forward? Here are our top five tips for conducting an end-of-year review and paving the way for a success going forward.    Unveiling… Continue reading A guide to effective process reviews

Streamlining payroll: A guide to Bacs and Faster payments

  Efficient payroll processing is a cornerstone of any successful business or organization. Two essential methods for facilitating payroll are Bacs (Bankers’ Automated Clearing Services) and Faster payments. These electronic payment systems offer distinct advantages, allowing businesses to pay their staff promptly and securely.   In this blog, we will explore Bacs and Faster payments,… Continue reading Streamlining payroll: A guide to Bacs and Faster payments

Essential considerations when creating a contingency plan for your Bacs processes

Server Down Contingency Planning

  If your business heavily depends on Bacs processing for payments in the UK, having a backup plan is crucial. Bacs is essential for electronic payments, and any issues with it can seriously impact your operations. Creating a backup for Bacs processing ensures you’re ready for unexpected disruptions that could harm your business.   In this… Continue reading Essential considerations when creating a contingency plan for your Bacs processes

How to improve cash flow with Bacs payment automation

  Effective cash flow management is crucial for any business. Insufficient cash flow can hinder your ability to pay bills, invest in opportunities and even meet your day-to-day operational needs.   One powerful tool for improving cash flow is Bacs payment automation. In this blog, we will explore how Bacs payment automation works and how it… Continue reading How to improve cash flow with Bacs payment automation