The Know-it Blog

The Know-it Blog

The Know-it team

Dec 29, 2020

Lynne Darcey Quigley

Lynne is the Founder and CEO of Know-it! She is a passionate, driven and forward-thinking entrepreneur determined to help resolve the late payment crisis gripping SMEs. Having worked within the credit management industry for over 27 years and ran UK leading commercial debt recovery specialists Darcey Quigley & Co for over 16 years, Know-it was devleoped to make credit control more accessilble for SMEs to help them effectively mitigate credit risk, reduce debtor days and boost cashflow! Connect with me on LinkedIn!

Know-it October Roundup

Welcome to the month of November! The dark nights are upon us and now that Halloween is over, it seems acceptable to mention Christmas?

In October we have been busy developing our internal systems to make communication with our customers even better, as well as improvements to the Know-it platform!

How Can I Recover an International Debt?

Recovering commercial debts globally can be a complex and challenging process, requiring careful planning and strategic execution. International debt recovery involves navigating different legal systems, languages and currencies which can make the task daunting for businesses operating across borders. However, with the right approach and assistance, it is possible to successfully recover international debts.

When To Send a Letter Before Action? A Comprehensive Guide, Plus FREE Template!

Dealing with a customer who has gone into liquidation or closed their business while owing you money is one of the most challenging situations a business can face. Unfortunately, it’s not uncommon, and the consequences can be severe—impacting your cash flow, profitability, and even the overall sustainability of your business. However, with the right strategies in place, you can minimise the risk of finding yourself in this difficult position.

The best approach to recover unpaid invoices: Legal action vs pre litigation debt recovery

Dealing with a customer who has gone into liquidation or closed their business while owing you money is one of the most challenging situations a business can face. Unfortunately, it’s not uncommon, and the consequences can be severe—impacting your cash flow, profitability, and even the overall sustainability of your business. However, with the right strategies in place, you can minimise the risk of finding yourself in this difficult position.

How to Avoid Losing Money to Customer Liquidation: Tips and Advice

Dealing with a customer who has gone into liquidation or closed their business while owing you money is one of the most challenging situations a business can face. Unfortunately, it’s not uncommon, and the consequences can be severe—impacting your cash flow, profitability, and even the overall sustainability of your business. However, with the right strategies in place, you can minimise the risk of finding yourself in this difficult position.

When Should I Start Chasing Payment and How Often Should I Chase Invoices?

Chasing invoices is essential to maintain a consistent and proactive approach to ensure timely payments and healthy financial operations. But how do you know when to start chasing invoices? And how often should you be chasing your customers for payment? While the frequency of chasing invoices may vary depending on your business and clients, we have a suggested plan which works very well for our clients. 

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