Why Use a Bacs Bureau?

Organisations can choose to purchase and manage their own in-house software to enable them to submit their files directly to Bacs. Alternatively they may decide to work with a Bacs Approved Bureau who will submit the Direct Debit Instructions and Collections and / or the Direct Credit files on their behalf.  The best option will depend on various factors, including:

  1. size of the organisation

  2. administrative resource available

  3. number of transactions processed

  1. frequency of transactions processed

  2. in-house knowledge and skills

  3. fulfiling the criteria to be a direct submitter

Challenges with an in-house software solution

Box Icon Elongated timescales to set up

Elongated timescales to set up

Box Icon High software and development costs

High software and development costs

Box Icon Lack of up-to-date in-house knowledge

Lack of up-to-date in-house knowledge

Box Icon Subject to forced software upgrades

Subject to forced software upgrades

Box Icon Not always scalable as volumes grow

Not always scalable as volumes grow

Box Icon No built-in contingency plan

No built-in contingency plan

Advantages of an outsourced bureau solution

Utilising a Bacs Approved Bureau can help reduce or remove the challenges associated with an in-house software solution.

  • Little or no up-front cost or software maintenance (especially useful if low Direct Debit / Credit volumes)
  • Quick set-up and roll-out
  • Reduces your risk – the bureau know Direct Debits and take responsibility for getting your files to Bacs
  • Bureau can access and make available your Bacs reports
  • Future proof – no software to upgrade or systems to change
  • Simple solutions that can be easily integrated
  • Scalable and adaptable to changing volumes
  • Built-in contingency planning means less chance of missed collections / payments

Secure & reliable Bacs Bureau services

Contact us today for further information and a no-obligation quote