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Speed Up Debt Recovery And Boost Cash Flow
There is no one way to speed up debt recovery and boost cash flow. Just the same as there are no get rich quick schemes. Unfortunately debt can happen to anyone. Understanding how it happens and ways you can work to speed up the debt recovery process is essential. As a business owner managing your […]
How to navigate cash flow problems as a startup
Cash flow problems as a start-up can be worrying. Every business may experience cash flow problems; however, a young business owner may not be able to see clearly through the stress that comes with it. Understanding how the cash flow problems began is just one of the many steps you should take to gain back […]
A complete guide to credit control
Understanding the importance of credit control is essential for businesses. Whether you are a new business owner or have been in business for many years. Credit control is key to ensuring that your business remains profitable and protected. With the cost of the living crisis well underway as well as talks of global recession, now […]
The late payments battle, Businesses write off £8 in every £100
Late payments and written-off invoices can be the bane of business accounts. For every £100 a business makes £8 is written off. That means your business losses £8 per £100 client spend, we know if it were on that scale no one would give away £8 per £100. However, when you as a business write […]
How to identify if a debtor is stalling
It is essential for businesses to learn how to identify if a debtor is stalling. This can help you understand and take the relevant steps and actions necessary. Getting paid and paying invoices is part of business life. Without the constant circulation of money, everything would stall and fall apart. There are many ways you […]
How to Credit Check a Company & the importance of doing so
Company credit checks are an essential part of business. Many companies may overlook this process, but in doing so you may face complications in the future. A company credit check can highlight certain aspects of a business you may wish to work with. Having this information can help guide your decisions on how to continue […]
Late payment risks, how to future proof your business
Late payments are a risk to businesses for many reasons. It is important as a business to not only future-proof your business goals and create plans on how to achieve those goals but to future-proof your business finances. Having a plan in place that can help you in times of financial difficulties will help your […]
Early warning signs that your client is in financial trouble
Businesses can experience financial trouble at any stage in the lifespan of a business. While we all hope to see brighter days ahead and plan accordingly to ensure we do not end up in financial troubles, life isn’t always so kind. As the economy faces many disturbances and pressures, so does your business and in […]
3/4 of SMEs are afraid to chase late payments
Chasing late payments is an unfortunate part of business finance. While we wish all clients could pay on time and in full, it doesn’t always work like that. There are many reasons why late payments occur and the one-off is usually human error. Multiple, and continuous late payments are where businesses should be concerned. If […]
Why writing off unpaid invoices is worse than you think for your business
When a customer doesn’t pay an invoice on time, it’s easy to want to just write it off and move on. After all, what’s done is done, right? Wrong. There are actually quite a few business ramifications to writing off unpaid invoices that you may not have considered. What are unpaid invoices? An unpaid invoice […]