Reduce your DSO with Direct Debit
Stop waiting for payments. Offering Direct Debit as a payment method can reduce the time it takes to get paid by 47%, minimise your DSO and improve your cash flow.
Want to know how you can maintain a healthy cash flow for your business?
Ways to improve your cash flow
Reducing time to get paid
Most businesses have a DSO of 20-30 days according to Forrester.
Getting paid doesn’t have to be this slow.
Choose the right payment methods
Using open banking you can collect one-off payments in as little as 1 business day with instant confirmation with Instant Bank Pay.
Collect one-off payments easily
Collecting one-off payments can be challenging.
Using open banking you can collect payments in as little as 1 business day with Instant Bank Pay.
How to maintain cash flow across customer lifecycle
Now more than ever, businesses need to maximise cash flow to recover from the economic challenges of the global pandemic.
We’ve rounded up some simple ways you can optimise payments and cash flow at every stage of the customer lifecycle to help your business grow.
How GoCardless can help
Pull-based payment collection
Take control of when you collect payments using our platform built on Bacs Direct Debit.
This payment method allows you to pull payments directly from customers’ bank accounts at the time an invoice is due.
Intelligent payment recovery
With GoCardless, 97.3% of payments will be collected successfully at the first attempt.
You can also recover over 75% of at-risk payments with our intelligent payment recovery product Success+.
30% of churn is involuntary, stemming from failed payments.
Maximise your payment success with GoCardless and retain your loyal customers for longer.
Re-Leased reduced DSO by 15 days
Cloud-based property management software, Re-Leased, chose GoCardless as a reliable and cost-effective payments partner they can trust.
Join us to hear Sam Caulton, Finance Director, Re-Leased explain how they automated their payments process, reduced their DSO by 15 days and are now saving $10,000 a month in bank fees.
Give payers what they want and win more customers
Speak to one of our payment experts to learn how GoCardless can help reduce your DSO and improve your cash flow.