More NewsRWA Group Selects Albany for Direct Debit Collections

RWA Group Selects Albany for Direct Debit Collections

FSA regulatory compliance consultancy, RWA Group, has selected an automated direct debit (DD) system from Albany Software, a developer of electronic payment solutions. As the organisation faces rapid growth and an influx of new clients, RWA is looking to streamline back-office processes and take control of monthly collections. By replacing paper-based banker’s orders with electronic DD collections, RWA aims to accelerate initial contract procedures and minimise the delays associated with paper-based payment methods.

RWA Group offers FSA regulatory compliance support services to firms of all sizes. The consultancy has helped hundreds of brokers in preparing to be regulated and continually keeping them abreast of the latest developments in the regulatory area. Having recently won a substantial contract with a leading insurance firm, RWA Group is enjoying significant growth and a healthy incursion of new clients.

Ian Ritchie, managing director at RWA Group, said: “With the business rapidly expanding we realise that we need to ensure that our back-office processes are able to cope and work effectively to minimise, as much as possible, the administrative burden associated with an expanding business. For a while, we have wanted to move away from traditional and cumbersome paper-based methods of collecting payments to a more modern and automated approach.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha