March has arrived! ​​​As we approach Spring, we have been working on key updates for our users and helping businesses to adapt to the new UK Interest Rate.

Read all about what we’ve been up to below!

Sign Into Know-it on Mobile!

In February we made an exciting announcement to make your Know-it experience even better! 🥳

Know-it is now available on your phone browser meaning you can manage your credit control on-the-go. 

Y​ou can: 

✔️ ​​​​​​Check your notifications

✔️ Monitor your customers

✔️ View updates on your debt recovery cases

Now there’s no need to be sitting at your desk to stay on top of your credit control! 💪

Interest Rate Change

In February, 2025, The Bank of England announced the UK Interest Rate lowered to 4.5% from 4.75%. This was the first cut this year.

This is the lowest level for 18 months and the third cut since August 2024. It is difficult to predict exactly what will happen to interest rates the rest of the year, but it is expected there will be more cuts.

The recent decrease in the UK interest rate has significant implications for businesses, particularly concerning late payment risks. As businesses adjust to lower borrowing costs and potential cash flow improvements, they must also remain vigilant about managing late payment challenges effectively. Find out how Know-it can help you here.

Why not follow Know-it on our Tik Tok account where we share behind the scenes footage at events, top tips to getting paid, office fun and much more! ​🚀 ​​​​​​

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