Entry Collection Service
The effective way to manage high volumes of financial transactions
Our Entry Collection Service (ECS) solution is designed for organisations that regularly make or receive large numbers of payments – typically 12,000 outgoing cheques and / or 25,000 credits per annum. By quickly reconciling many different types of payment ECS gives you a much more accurate overview of your financial position at any given time. ECS information can also be relayed directly into your own accounting systems.
The key benefits
- Faster preparation of key financial management information – delivered directly into your accounting systems.
- Improved credit control – thanks to earlier reconciliation of incoming funds.
- Can deal with many types of credit and debit including Direct Debits, sterling cheques, cheques drawn in Euros, and others.
Features and benefits
- Also ideal for those dealing with a significant number of unpaid Direct Debits – typically 100 or more each month.
- Saves time by providing statement details in formats your accounting systems use.
- Information on each account can be supplied daily, weekly or monthly.
For further information on Entry Collection Service:
Talk to your relationship manager.