Back in the good times it was easy to be a little relaxed about accounting and cash flow. Confidence was high, credit was cheap, business was easy. But then everything changed and even those firms that were strong on paper found it hard to get a loan, and as the climate changed many found themselves…
Category: Software
Bacs software – making life easier
Bacs stands for Bankers Automated Clearing System, a type of electronic payment system. The term is now used widely for any electronic transfer of money, although strictly speaking bacs payments are distinct from FPS (faster payment system). The former takes three working days, the latter is all but instant. You may also have heard of…
Bacs payments as a preferable alternative to traditional paper methods
Bacs, or Bankers’ Automated Clearing Services, is a British scheme for the electronic processing of financial transactions. Taking a typically fairly long-winded process and making it fail-safe, reliable and extremely efficient, the bacs software revolution has proved highly useful for many companies. Making use of bacs payments takes much of the hassle out of dealing…
Recovery audit software saves the paperwork – and saves you money
Accounts payable audit software is a key thing to use in cutting down waste and inefficiency, which is perhaps the most relevant and necessary measure for recession-hit businesses available at the moment. With more transactions being made than ever before, and most of them electronically through banks and organisations such as BACS, the potential for…
Bacs software to better the efficiency of your payments
bacs, or Bankers’ Automated Clearing Services, is a payment scheme that governs payments in a multitude of transactions in industries all across the United Kingdom. Bacs payments are processed all the time between companies and individuals, and the scheme accounts for a huge proportion of wage transactions for employees. As a result, most business payments…