Clearing House - a cost effective and convenient way to pay suppliers

“in our opinion the bssa clearing house system is cost effective, time saving, quick and efficient, simple in operation, with queries speedily and courteously dealt with. A trouble free system.”

Want to save over £4,000 per year?

Look at our “value for money statement” now!

What is the Clearing House and how does it work?

The Group Clearing House is a service allowing members to pay all their suppliers with one cheque. Each month all you need to do is simply list the amount to be paid to each supplier on a schedule, total the schedule and send it to the Group Clearing House together with a cheque and any supporting remittance advices or statements. It’s as easy as that! Our staff will take over from there ensuring that all your suppliers are paid on time to meet any appropriate discount terms.

Choice of clearance dates

There are three clearance dates - the 10th, 20th and month end. Users have plenty of flexibility in meeting supplier settlement deadlines, as they can utilise one, two or all three clearances each month. A separate schedule and cheque is required for each clearance.

What will it cost me?

Just £100 per annum paid half yearly on 1st April and 1st October on your schedule. This charge covers you for using all three clearances each month should you so wish. You can budget to pay your suppliers for the sum of £100 per annum.

I’m really interested, what should I do now?

Simply telephone the Group Clearing House on 0121 446 6688 and ask for Angela Santy or Margaret Page who will be happy to assist you or send you a joining pack.

Use of the Group Clearing House is restricted to Members - telephone 01295 713333 for further membership details.

Why should I use it?

Think of the time it takes you to pay your suppliers each month. Can you really afford to ignore a service that allows you to do this in a more cost effective way?
Have you ever considered what it costs to pay your suppliers in terms of bank charges, stationery, and postage. Click here to take a look at our Value for Money Statement.
Suppliers are assured of regular payment dates and the convenience of receiving consolidated payments.
The regular payment dates can aid cash flow, budgeting and even help you negotiate better discounts from your suppliers.