BACS Software Systems
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As a leading supplier of BACS software systems, interSoftware offers BACS-IP payment packages which can replace paper-based payment and collection methods with an online payment system which will save you time and money.
Facts About BACS Software
BACS is an acronym for the Bankers Automated Clearing Service. Established in 1968, It is one of the world's largest clearing houses. BACS is operated by the United Kingdom's major banks and building societies and it is responsible for the processing of Direct Debits, Credits, Standing Orders and information advices.
If a company wants to use the BACS system, it must hold an account with one of the sponsoring banks or building societies. Over 40,000 companies are currently registered users of BACS software systems in the UK, including all of the FTSE 100. In addition, more than 50,000 businesses submit to BACS indirectly using commercial bureaux.
BACS transfer replaces traditional paper-based methods of payment and collection such as cheques, and cash, with fast and accurate transactions at the touch of a button, dramatically reducing bank charges with savings of up to 80% over cheques and cash. Writing a cheque can end up costing several pounds, if you factor in bank charges, postage, and the time taken for staff procedures. BACS software will reduce that cost to just a few pence per transaction. Add this saving to the increased security and ease of use, and you can see why over 100,000 businesses have made the switch to electronic payments using BACS transfer.
interSoftware has been a leader in the BACS software marketplace for over 20 years in and was closely involved with the development of the new BACSTEL-IP system. AzTech BACS-IP was the first BACS-IP package to be approved by BACS Ltd under the BASS accreditation scheme in March 2003.
*NEW* AzTech BACS-IP Terminal Services Edition
interSoftware have now released our BACS Approved AzTech BACS-IP Terminal Server software which will allow BACS submissions for Direct Credit and Direct Debit to be made from remote computers using RDP (Remote Desktop Protocol) as though they are running the application locally. This is a new development and interSoftware are the first company to offer this.
Integration with Sage Accounting Software
interSoftware can provide several different BACS-IP packages to suit the needs of a variety of businesses. In S-BACS-IP 100 and AzTech BACS-IP for Sage Line 50, interSoftware also provide the only BACS-IP software that integrates fully with Sage accounting software without the need for the production of any form of file.
For more information on the different BACS software packages we have available, please click the links on the left of this page.
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