Payment solutions for SMMEs
FINANCIAL STABILITY: HOW RELIABLE COLLECTION SYSTEM CAN BE A GAME-CHANGER – EXPERT
Way to empower businesses to plan, invest, and expand.
Small and mediumsized enterprises (SMMEs) often navigate challenging waters. One such aspect that deserves attention is payment collection.
Amplifin chief brand officer Steven Maier, pictured, says his company underscores the importance of reliable payment collection for SMMEs.
Maier highlights how an efficient payment collection system can be a game-changer for SMMEs.
“Reliable payment collection is the cornerstone of an SMME’s financial stability,” he says.
“It ensures a healthy cash flow and the ability to meet financial commitments.”
He says the impact of a reliable payment collection system empowers businesses to plan, invest, and expand confidently.
“SMMEs have distinctive needs, and a one-size-fits-all solution doesn’t work,” he says.
They offer a variety of solutions suited to businesses of all sizes.
These include DebiCheck, an advanced debit order system, Zulo Business Portal, an efficient business management system, and card payment solutions allowing businesses to accept debit and credit card payments.
Maier delves into the benefits of these solutions, illustrating how they cater to the specific needs of SMMEs: 1. DebiCheck – This is an advanced debit order solution and collections are processed early in the morning, aligning the collections with when consumers receive their salaries or wages. This timing minimises the chances of encountering “insufficient funds” responses, significantly improving collection success rates. 2. EFT debit orders – These provide a simple, cost-effective, and efficient way for businesses to collect payments when the time of the processing of the collections is not time sensitive, meaning the debit order does not need to be presented early in the morning to align with salary credits.
3. Card payment solutions – It allows businesses to accept debit and credit card payments at highly competitive rates, significantly reducing the amount of cash in the business as well as increasing the number of payment options available to customers. 4. Zulo Business Portal – This portal offers an innovative and standalone web-based point of sale system crafted to streamline business operations and enhance the customer experience. This elevates customer experiences and effortlessly handles a diverse range of sales functions.