Commercial Loans

Commercial Loans

Rather than worry at the end of every month which clients will be paying on time and which clients you’ll have to be chasing for payment, why not use Business Bureau to take control of your cash flow. Our debit order collections facility is tailored to suit the urgency of the funds that need to be collected.

Business Bureau will give you access to a secure cloud-based platform which enables more affordable electronic business transacting. The solution gives you a secure, quick and efficient way to transact. It’s as simple as click, pay, save.

We make it easy for any type of business to do collections from their clients at any of the registered banks in South Africa. You are able to conduct all your transactions with confidence in the integrity, security, confidentiality and authenticity of your system.

The collections of funds on behalf of a company or merchant via Debit Orders are only undertaken on the instruction and authorization of the client whose account is to be debited. A one-day or two-day service is available. Thanks to our seamless interaction with most available accounting packages, the setup and submit procedure of batches of debit order transactions for those companies and merchants, have now become a simple on-line accounting activity.

A Non-Authenticated Early Debit Order (NAEDO) instruction is similar to a debit order except that it is processed far earlier as closely as possible with salary and wage credits to bank accounts. Users can further enhance their ability to collect successfully by utilising a “tracking service”. The instruction can then be processed from the mandated date over a selected tracking period. The instruction is kept in the background and triggered whenever a credit is applied to the account.

Collecting money is only half the battle most of the time, and reconciliation is the other half. Business Bureau provides comprehensive reporting to show you, not only how we reconciled your account, but which of your clients still owe you money, which ones have a positive trend in successful collections and much more. Additionally, all of our reports are exportable to Excel format, which will allow you to create and manipulate your own reports.

While loading 5 transactions can be done manually, we do allow bulk uploads of data to the system. Our bulk-importer is compatible with most accounting packages and will dramatically speed up the interface between your accounting interface, our system and back again.