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Transformation Collection During COVID-19

Published

2020

Wed

12

Aug

While COVID-19 has created havoc on society, this change can contribute to positive opportunities in the way we do business within an enterprise moving forward.

 

Rapid Collect can assist SME's and Enterprises with their collection and payment solutions digitally. Our integrated web based systems will streamline your revenue stream by processing debit orders from our secure system.

 

Rapid Collect is a financial and credit management solutions provider that increases collection rates and streamlines business transactions through our web-based interface. Our payment services allows you to manage all of your financial and non-financial transactions with all the major banks in South Africa.

 

Rapid Collect is a registered TPPP (Third Party Payments Provider) with the Payments Association of South Africa (PASA), offering the following collection/payment services

 

  • NAEDO Collections;
  • Debicheck Collections;
  • EFT Debit Orders;
  • Bulk Payments;
  • Payroll.

 

Reasons to work with Rapid Collect:

 

  • Savings on EFT payments, Debit orders and Account verification Transaction Costs.  
  • Automatic Collection Processes with the introduction of our digiMandate.  
  • Seamless Integration with our FTP and API solutions.
  • Improve the efficiency of your debt collection services.
  • Premium and Membership recurring collections.
  • Marketplace collections, split payment collections.
 
Source: Rapid Collect
 
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From The Glossary »

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Policy Year:

The year in which a policy was issued or renewed. The policy year is a special accounting unit, unique to the insurance industry, analogous to a cost accounting unit used in manufacturing industries. This unit is used for development of exact loss costs and loss ratios to relate losses under a selected group of policies to the exposure, and to the policy premiums.
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