BDD – Direct debits without right of objection

Benefits

  • Optimized cash management through on-time and final receipt of funds
    (active control option for the incoming payment, same value-date credit, no returns).
  • No returns.
  • Cost savings through the use of standardized and establishing processes throughout the billing cycle.
  • Cost savings through a very high degree of automation (significantly improved dunning process, no manual and paper-bound processes).
  • Paperless handling reduces expenses (mailing out invoices and cash pay-in fees are eliminated, no pay-in infrastructure).
  • Fewer subsequent costs because the requested amount is unalterable
    (easy recognition).
  • Established dunning process can be used.
  • Flexible submission either to the bank or to SIX Interbank Clearing Ltd.
  • Clearly communicable product advantages for customers.