Flexifusions Non-Authenticated Early Debit Order (NAEDO) system aims to level the
electronic debit order collection playing field by creating an equal opportunity for businesses
large or small, to collect funds from their debtors. The NAEDO payment instruction allows for
the debit order to be presented multiple times should the original tr ansaction be unsuccessful.
NAEDO credit tracking for 3 days will ensure
maximum strike rate on your clients account
improving the likelihood of successful
collections, this makes the NAEDO system
superior to the basic debit order. Flexifusions
offers a complete secure online debit order
portal available to businesses large or small,
therefore your business is enabled to collect
recurring payments from your customers bank
accounts electronically, without the administrative
time-consuming factors and the recurring manual
process.
The Flexifusions debit order system is web based
which enables the user to optimally manage their
debit order book at their convenience.
The Flexifusions Non-Authenticated Early Debit Order (NAEDO) system is available to approved
businesses, it allows for efficient debit order processing. The NAEDO system can be integrated with your accounting system, allowing for the processing and reconciliation to be e ffortless.
NAEDO DEBIT ORDER BENEFITS
Improved Successful Collections
NAEDO credit tracking for up to
32 days may be implemented,
therefore should a debtor receive
funds in their account within the
allocated tracking period, the
debit order amount will
immediately be debited to honor
the transaction.
Account Validation
Account holder validation allows
you to validate the authenticity
of the natural person or legal
entity claiming to be the holder
of a specific bank account. This
is done by verifying the person’s
identity number or business
registration number against the
specified bank account.
Efficient Processing and Reconciliation
NAEDO payment instructions
are random giving all users equal
opportunity of receiving
payments, these payments are
presented as early as possible on
the requested debit order date,
improving the collection rate.
The system reconciliation is
obtained immediately on
successful or unsuccessful
payments, immediate tracking is
invoked on the account should
the initial payment presentation
have been unsuccessful.
Reduced Administration Time and Costs
Utilizing the many features of
the system greatly reduces the
administrative cost and time.
Reduced collection fees are
possible due to the improved
success rate on collections
should businesses implement the
NAEDO debit order system.
Cash Flow Management
Businesses control the date of
receipt of funds into its account, unlike waiting for customer payments or cancellations.
Receive the cleared funds in the
business account on a known
date increasing the cash flow
and improving the financial
forecast.
PARTICIPATING BANK
Flexifusions deal with all major participating banks. These banks all f orm part of the debit order collection service.
