Managing and paying bills online has become an increasingly popular way to ensure great money management skills while also saving time in the process. As a business, you want to streamline as many processes as possible, which is why using online account management systems where available is best. Your business can easily see an overview of their monthly energy consumption, upcoming and previous payments and even set up a direct debit.
Managing an account online can eliminate errors, better manage your business’ budget, and is much safer than posting cheques. Let’s take a look at some other great benefits your company could see.
Having an online account makes it easier to pay online before your due date using a stored payment card. This means there will be no more trips to the post office or time wasted typing in card numbers, making the process a lot quicker for you.
2. Direct Debit
Setting up a fixed direct debit for your company couldn’t be simpler using your online account. Each and every month, you can set a fixed amount to be automatically taken out of your business’s account on the correct day it’s due. If you choose this option, your energy provider will review your usage regularly to make sure it’s set up to the right amount. It’s a “set it and forget it” perk that customers really enjoy.
Alternatively, set up a variable direct debit and your provider will take the amount that is shown on your bill – again without you having to do anything.
3. Global access
Whether you’re on holiday or a business trip, you can virtually access an online account anywhere you go. As long as you have internet access on your smartphone or laptop, you’re good to go.
There used to be a time when people were hesitant to pay bills online. People thought they were losing control of their money, but that could not be further from the truth! Rest assured, the best security protocols are put in place today to keep your business’ transactions secure. A few methods used to keep your valuable information safe include usernames, passwords, extra security layers that block outsiders from attacking the site, encryption processes that keep your data hidden, and an automatic sign off if your online session stays idle. Plus, you’re not letting private information float through the post if you set up paperless billing.
5. “Go green”
Eliminating paper waste is one of the biggest benefits of managing your account online. Nowadays, your service provider will be able to send you email reminders and bills all electronically. Less post and fewer envelopes sent both ways mean there is less paper filling up our landfills. It also means that fewer bills have to be printed, processed, posted, and transported. By reducing the number of cheques, postage, envelopes, and bill notices, your company is doing their part to help save the planet – one online payment at a time!
With all the hustle and bustle of everyday life, it’s definitely possible to forget a payment due date from time to time. This could result in an unwanted late fee which could have been avoided by setting up a direct debit. Bills across meters are organised all in one place so you can easily view if there is a payment coming up or view when it is scheduled to be taken out.
7. Money management
Accessing an account online gives you greater control over your company’s money by being able to search specific payments, view consumption amounts, check balances, access payment history and oversee any irregular charges. If your business is ever faced with a dispute over a payment, you can easily look up the records of pay dates and their amounts.
8. Saves time
Spend less time worrying about bills and more time focusing on your business’ more important needs. It takes just seconds to pay your bill online each month or set up a direct debit for automatic payments.
Financial organisation is just a click away! Managing your energy bill or other bills online saves your business precious time, money, and gives you complete access to the account whenever you need it. See for yourself how the convenience of using online accounts can simplify your life.
If you want to start saving time and money today, check out how to register for an online account British Gas Business.