BACS Contingency

Do you have a payment backup plan?

The recent BACS crisis not only threw organisations and employees into chaos, but also served to highlight the crucial nature of effectipayroll contingency from Ceridianve BACS payment services. Organisations that were unable to meet payroll and supplier payments, or collect direct debits, suffered a costly impact.

A possible 400,000 employees experienced a delay in their monthly salary, resulting in delays in payments they would have needed to make. While APACS has resolved the issue concerned, and issued a public apology, the incident has placed a spotlight on the organisational horror of delayed payments.

Do you have a plan B?

Ultimately, your employees, suppliers and direct debit customers rely on timely and accurate credits and debits. In the event of a BACS payments disaster, the likes of which shook the UK on 30 March 2007, the disruption to businesses and employees had both costly and serious ramifications. But not all problems with payments are the fault of APACS. Disasters such as floods, fires, system failures or BACSTEL-IP problems such as lost swipe cards, could have a negative impact a business at any time. It stands to reason that disaster recovery should be part of your organisation’s corporate planning.

BACS Contingency Plan

Ceridian’s BACS Contingency service is particularly important if you are:

  • Running an in-house payroll or have your payroll processed through a bureau.
  • Submitting direct to BACS.
  • Collecting direct debits, where delays could seriously affect your cash flow.
  • At particular risk of terrorist attack through your sector or location.

Ceridian’s BACS Contingency service means that your payments and collections are protected in the event of your system failing. This means you can continue to provide a seamless service in the event of any environmental or technical disaster.

What are your options?

Ceridian provides three options for payroll protection and disaster recovery depending on your needs. Make an enquiry today for more information.

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