Assist DD Improves Collections and Direct Debit Operations with Fundtech’s Bacs Payment Solution

Published 

–  Collections and Direct Debit firm uses Fundtech’s Bacsactive-IP to launch, grow and stabilize the business

JERSEY CITY, NJ – Fundtech, a market leader in global transaction banking solutions, today announced that Assist DD Ltd. has gone live and is realizing significant business benefits with Fundtech’s Bacs payment solution, Bacsactive-IP.

Assist DD was created when land agent Fowler Fortescue spun off its collections and Direct Debit operations as a stand-alone business. Fundtech’s automated Bacs payment solution was brought on board to help launch the business, delivering growth and stability. Bacsactive-IP easily met Assist DD’s requirements, which included a good support network and the ability to onboard new clients quickly as the business grew. This was particularly important as any interruption in the collection of rent payments could disrupt the payment arrangements tenants had made. Now live on the solution for over one year, the company has been able to add significant new business to its book, and is confident in its ability to continue to expand easily with Bacsactive-IP.

“We previously lacked the capability to add clients easily and as such, the business would not have achieved the growth it has,” says James Gatward, Account Manager at Assist DD. “Further, the growth would not have been handled so smoothly. All the way through, Fundtech was very supportive and helped us to ensure that any problems were sorted out.”

“Onboarding a new system is a daunting task, and when customers are involved there is no room for error,” says Kim Dennis, Head of Sales for Merchant Services at Fundtech. “Fundtech understands the need for strong technical support and thorough testing and training. We are proud to provide Assist DD with the confidence needed to move forward and grow their business.”

Most recent episodes

What to Do with Corporate Cash in Challenging Times

Corporate treasurers have myriad challenges to contend with in the short-term investment space. Here, Richard Hallett (Aviva Investors), Ed Lopez (Calastone) and Patrick Kunz (Pecunia Treasury & Finance) outline how to successfully navigate these roadblocks, debunk incoming regulations, and assess...

39:42

Trading Up: Supply Chain Trends Impacting Treasury

If you need a clear, concise and definitive guide to SCF in 2022 and 2023 then look no further! Due to their remit as financial risk assessors, treasurers need to understand the pitfalls associated with supply chain disruption. In this podcast, hosted by TMI’s Eleanor Hill, our expert guests Rowan...

34:28

£15 Billion Stimulus Pumped into UK Economy to Ward Off Recession Fears

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th June...

04:44

Advantage Treasury

Eleanor Hill is joined in the virtual TreasuryCast studio by Nicolas Cailly and Philippe Penichou (Societe Generale) to look at treasury trend predictions for the remainder of 2022, with a particular focus on virtual accounts. In this deep dive into current and future treasury priorities, our guests...

24:22

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY's distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event, explain...

09:58

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI's Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI's Editor, Eleanor Hill, to explore the very latest treasury trends - and to discuss how smart treasurers can get ahead of th...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI's Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14