We have run your weekly payroll and sent the amounts to be paid to you.
We have reconciled your monthly supplier accounts and chased down any missing invoices and provided you with a list of suppliers to pay.
Now, all you have to do is log into your online banking and (carefully) enter all the payments that need to be made. Or do you?
There are various ways of doing this, but our preferred option is to use our payment platform partner Telleroo. They provide you with your own account, we upload the payments you have approved direct from our software, and all you have to do is transfer the total amount of the payment batch to be paid on time, every time.
Accurate. No data entry, so no danger of mistyping the amount, or selecting the wrong person to pay.
Fast. Instead of having to set up individual payments for every staff member or supplier, all you have to do is transfer the total amount required. Or you can leave a balance in the account and top up as and when.
Guaranteed. The payments are scheduled when they are created to be paid on the correct date. And they are paid by faster payment (not BACS). So provided you transfer the required funds on time, payments will be made in full on time every time.