Reasons are simple:
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Convenience:
Very accessible locations in high-traffic areas with flexible
business hours. And since the BAYAD CENTER accepts a wide
variety of bills, the consumers can pay for all their
bills at the same time!
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Reliability:
A combination of a fully automated system and well-trained,
customer-oriented personnel handles the payment transactions. |
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Expanded Market Reach:
With Bayad Center's network, it's like the biller instantly grew by over 900 branches nationwide! With this network, this will make it more convenient for the biller's clients to pay for their bills. Thus, customer satisfaction levels will increase, and the biller's image to its clients will further enhance.
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Greater
Returns for the Stakeholders:
• With the payment collection service outsourced, the biller can focus on its core competencies and operations . This will likewise result to lower operating costs, higher collection efficiency, enhanced service levels, streamlined supply chain process flow, develop on core strengths, and increased cash flows & higher profit margins. This will make your stakeholders very happy.
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Well-trained
personnel:
The people behind Bayad Center are trained in the compliance
to operational procedures and in customer service standards.
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Reliable
Technological Systems:
Using state-of-the-art IT infrastructure, Bayad Center guarantees security, reliability, and confidentiality in all of its payment transactions. |
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Quick,
Accurate, and Reliable Data Capture:
The use of bar code technology effectively minimizes errors. |
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Security
and Confidentiality:
Security and Confidentiality: Bayad Center's IT system's access to the biller's IT system/database is limited to the uploading of data. Thus, no party outside the biller can retrieve data from its database.
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Minimized
Business Risk:
Shielded from Collection-Related Losses Shielded from Collection-Related Losses due to theft, pilferage, fire, and other natural elements. The surety bond required from each franchisee insures the payment collections from every Bayad Center . In turn, Bayad Center secured a surety bond in favor of the biller . This ensures that the payment collection will be remitted to the biller in cases of collection-related losses.
Protection against Tampering and Manipulation. All transactions processed are covered by collection logs and audit trails. In addition, Bayad Center has a 7-day, 12-hour Help Desk with a field of expert system engineers who can immediately detect any transaction discrepancies.
Organizational Convenience, Minimized Capitalization & Operational Expenses : With Bayad Center, the biller no longer needs to invest in payment collection systems, such as:
- Setting up an organization or any
infrastructure for a collection center;
- Hardware or telecommunication equipment;
- Real estate for payment offices.
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Bayad Center further frees the Partner Company the trouble
of managing and monitoring a multitude of collection agents.
They will only be dealing with Bayad Center.
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Performance-based Revenue:
Franchisees
earn services fees from every payment transaction.
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Not Bound by Business Exclusivity:
Franchisees
with existing businesses may be a Bayad Center while running their current businesses.
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Consumer Traffic
Generator:
If the franchisees have existing businesses, being a Bayad Center may attract more customers to go to their shops and even generate loyalty. This is especially beneficial to retail businesses. Customers may tend to make purchases each time they enter the shops. Since the Bayad Centers accept a wide range of bill payments, customers of different backgrounds would tend to flock to the franchisees' business establishment.
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Repeat Customer
Visits:
As bill payments are typically done monthly, customers
are inclined to do repeat visits in Bayad Centers.
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Business During
Lean Hours:
The introduction of Bayad Centers may help lessen
lean hours and thus, maximize their resources and
minimize opportunity cost.
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Business Support:
The Bayad Center Head Office supports all its franchisees' and TPAs in
terms of training, constant feedback, marketing
activities.
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Established
Credibility:
As an accredited Bayad Center, the franchisee / TPA will be associated with: 1) a nationwide payment collection network; and with 2) billers (i.e. MERALCO, Sky Cable, Maynilad, PLDT, etc.) that are market leaders in its respective industries.
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