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

The importance of contingency planning in payment processing

Server Down Contingency Planning

Contingency planning is essential for every business. Also referred to as business continuity planning, it ensures you’re prepared for unexpected events that could cause operational problems for your business, or even disable it completely.

How to improve your Bacs payment security in 7 steps

  With rising cyber threats and fraud, it becomes imperative for businesses to take pre-emptive actions to shield themselves and their customers from harm. In this blog, we delve into a variety of best practices designed to fortify payment security for Bacs processing.     1. Implement Multi-Factor Authentication (MFA)   Multi-Factor Authentication (MFA) stands… Continue reading How to improve your Bacs payment security in 7 steps

The case for automation in Finance and Payroll

  For any business that wants greater efficiency, accuracy, and cost-savings, using automation and workflows in everyday processes can unlock a range of benefits that go beyond just saving time and money. In this blog post, we’ll explore why businesses should embrace automation and workflows in their finance and payroll departments.     Efficiency that… Continue reading The case for automation in Finance and Payroll

How to use Direct Debits for incoming payments 

  Managing incoming payments effectively is crucial for business looking to maintain stable cashflow and ensure smooth operations. One of the most convenient and widely used methods for receiving regular payments is through Direct Debits. In this blog, we explore the benefits of Direct Debits for incoming payments and provide practical tips for managing them… Continue reading How to use Direct Debits for incoming payments 

The benefits of a smartcard-free payments process 

  In a fast-moving payments landscape, companies are constantly seeking more efficient and secure solutions for their payment.   Smartcards have their pros but are not so smart when it comes to processing Bacs payments. They can be vulnerable to physical attacks, such as tampering or cloning, which compromise their security and as they need… Continue reading The benefits of a smartcard-free payments process