Payments For Business focusses on providing consultancy and advice covering the payments and cash management industry. Using our deep market and industry knowledge we provide services covering all payment topics to businesses and organisations.
We help businesses review their current payment practices – both payments and collections, review the market for opportunities to enhance current payment methods offered to clients’/ members. We also provide services to review wider current banking arrangements.
With more than 30 years in the payments and banking industry we are well place to help you understand and deliver the relevant payment requirements for your Organisation. Services available include
- Market Intelligence – help Organisation’s understand the current complex world of payments and cash management. This is structured as an interactive presentation.
- Review of current payment and cash management arrangements – does the Organisation use the right payment types to settle invoices and payments outwards? Are the members provided with the right payment types to reflect online and offline purchases? Are Direct Debits used effectively?
- Cost analysis and opportunities for savings – Membership organisation’s may be surprised at the level of costs incurred in their payment operation’s, ranging from Bank and Card Accounts, payment types, cash flow
- Focus on FX – FX is often the hidden cost when settling invoices outside the domestic market, or receiving fees and payments from members based abroad. This study reviews the current model used for FX, and the opportunities for cost and reconciliation improvements from updating the current status.
- New payment methods to consider – the payment market is constantly changing with new payment types emerging both domestically and internationally
- Cash flow management – this study focuses are the Organisation’s management of the cash relating to payments and receivables, settlement timescales, efficiencies of the different methods, payment reconciliation
- Bank services – a review of current bank arrangements against alternative solutions
- In depth report – a full review covering all the above, with a final report providing a detailed review and recommendations to the Member Organisations.
Credentials – our years of experience in the payments industry , through ownership of cash management and payment products at domestic and international banks means we understand the market, the relevance of products to different market sectors and the costs of such products.
"We contracted Steve to provide guidance on how to improve our use of Direct Debits for Membership fee collection, review our current payments and collection processes and make related recommendations.
Steve provided a detailed report on current processes and recommendation’s for improvements, which we are now in process of implementing. The report covered the full range of payments used in CISI: membership, exam fees, FX payments, cards, bank payments and direct debits."
Richard Bennett, Assistant Director, CISI - July 2023
Contact: Steve Pairman at [email protected], or 0776 876 8113 for further information.