Sovereign's On-line facilities also
include Debt Recovery and Sales
Ledger Management, track your
account progress in real time. For
more information: Tel: +44 (0) 1403 755755

Direct Debit Service*

Facilities Managed Direct Debit Bureau Service

Do you want to collect payments by Direct Debit, but have been unable to obtain your own Direct Debit Originator Identification Number (OIN)? If so, then our Facilities Managed Direct Debit Bureau Service is the answer to your problems!

Typically, businesses with a turnover of less than £1 Million, and / or businesses that have been established for 3 years or less are unable to obtain their own Debit Originator Identification Number (OIN). In this instance, Sovereign Credit Management is able to obtain an OIN and collect direct debit payments on your behalf.

Features of this service include:

  Your own branded Direct Debit Mandate (DDM)
Collections carried out in your name**.
Monthly, Fortnightly, or even Weekly direct debit collections.
Improved cash flow forecasting - No more waiting for the cheque to arrive in the post.
You receive all the benefits of the latest direct debit software and fully trained staff, without having a large capital outlay.
Full range of reporting – Collections, Unpaid DD’s, Amendments and Cancellations.
Reduction in administration costs.

Click Here to Contact Us for Further Details

**Payments will appear on your customer bank statement as SCM Re: Your Company Name.

Managed Direct Debit Service

Do you have your own Direct Debit Originator Identification Number (OIN), but don’t want to fork out on expensive direct debit software, or staff training? If so, then our Managed Direct Debit Service is the answer to your problems!

As a BACS Approved Bureau (BAB), Sovereign Credit Management is able to manage your direct debit origination and collect direct debit payments on your behalf.

Features of this service include:

 

Your own branded Direct Debit Mandate (DDM).

Collections carried out in your name to a bank account of your choice.

Monthly, Fortnightly, or even Weekly direct debit collections.

Improved cash flow forecasting - No more waiting for the cheque to arrive in the post

All the benefits of the latest direct debit software and fully trained staff, without having a large capital outlay.

Full range of reporting – Collections, Unpaid DD’s, Amendments and Cancellations.

Reduction in administration costs.

Click Here to Contact Us for Further Details

*Direct Debit services are only offered as part of a co-source, and not as a standalone service

   
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