Direct Debit For Franchises

What’s on Offer?

Direct Debit is proven to be the most efficient way a business can collect money; they are cheap, fast electronic and fully controlled generating less administration and provide direct access to client’s accounts enabling collection of variable amounts.

Most small to medium sized businesses don’t qualify for a direct debit system – NOW YOU CAN!

Benefits for Franchisors -
London & Zurich has two solutions for the Franchisor, we can collect your Management Fees using the name London & Zurich or for an additional fee we can register your brand name with our bank.

Benefits for Franchisees -
Most Franchisees are normally advised by their bank that they do not meet the strict criteria to allow them to set up their own Direct Debit. London & Zurich can provide a solution that will allow your Franchisees to have an Online Paperless Direct Debit and with no exposure to risk for the Franchisor they can use the brand name solution to collect their ongoing fees.

This has two benefits it improves their Cashflow and at the same time it reinforces the Brand Name.

Is it for me?
If your Network is making regular collections from customers or subscribers then the online management system will allow you to keep your costs and resources down giving you more time on your business.

Speak to any business advisor, coach or successful entrepreneur and they will all tell you that Cashflow is vital to a business. Direct Debit gives you this benefit whilst keeping you in control.

The main benefits of the Online Paperless Direct Debit System are:

• Most small to medium sized businesses don’t qualify for a Direct Debit System – NOW YOU CAN!

• It is fully secure and online; being paperless you do not require a signature and can take bank details from your Clients over the phone or on email.

• It is web based allowing you or your staff access to your secure account anywhere there is internet access.

• It is fully electronic and linked to ‘Auddis’ which means any amendments by the Client will be updated automatically on your files, including cancellations.

• If Fees increase there is no need to get your Clients to sign new Direct Debit Mandates.

• The Agreement is monthly with a 3 month notice period.

• Full Management Reporting of all new Clients set up, payments due to be processed and payments made with a full breakdown with reason codes on failed payments.

• The ability to generate CSV files to import into your accountancy package.

• Cost saving on bank charges for the User as L&Z makes bulk payments into your bank account.