In today’s economy, maintaining strict control over financial processes and transactions is crucial. In order to transfer or receive payments through BACS Payment services; BACS payments software is needed. Software that has cleared rigorous testing can connect directly to the IP for BACS services for faster payments.
Bacs Approved Software Supplier
BACS approved software suppliers are developers who provide software, hardware and consultancy services to BACS users. Their products and services are evaluated against stipulated requirements and standards.
BACS Payment Solution offers users real-time access along with same-day reporting and tailored workflow processes.
Benefits of being a BACS approved software supplier include:
3 Key Features of BACS Approved Software
Using BACS Approved software can lead to faster and secure transactions. The key features of BACS Payments Software that one supplier, AccessPay, offer include:
1. Automated Submissions
Automated payments are the backbone of BACS Direct Debit and Credit Schemes. With over 150,000 organisations in the UK, automated systems are widely used to disburse salaries and benefits or to manage expenses. For example, 73% of all domestic bills are paid using BACS Direct Debit which shows that this is a very efficient network. Some benefits of the automated system include:
2. Cloud-Based Infrastructure
Keeping yourself up-to-date with all the emails and urgent work often requires you to sit late in the office or work from home. Whether you need to work from home or cater to some urgent query raised by a client, you need easy access to critical software. Cloud-based BACS approved software helps you access the application from wherever you are with a flexible hosting solution. You can upload and submit your files from anywhere and anytime. All you need is an internet connection and you are good to go!
Some other benefits of Cloud-based tools include:
3. Seamless Integration
Seamless integration offered by efficient BACS approved software for your business can help you manage multiple business applications ensuring data security and integrity. It links the software with any ERP or Payroll software. Through its file agnostic framework, it can also fully integrate with your office system. Some of its benefits include:
BACS payments software implemented the right way can help you have a reliable integrated solution for all your business needs.