Lidya Collect helps to automate all your customer collections and debtor fund recovery. It sets up a standing instruction with a payment mandate which the payer must accept to enable you to connect to their bank account to seamlessly collect your payments. Lidya Collect allows you to monitor all active, deactivated or expired mandates and payments.
With Lidya Collect you can accelerate your business growth by automating the collections of your accounts receivable (A/R) and enhancing your debtor funds recovery. Lidya Collect allows you to:
- Automate Direct Debits
- Place Direct Debits in all your payers' bank accounts associated with their BVN
- Collect for more than 1 year
- Improve your cash flow position
- Increase your revenue
- Increase your business margins
- Free up your resources
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