Important changes are coming to the way businesses and customers engage in the banking ecosystem, according to credit management experts Know-it. 55 per cent of lenders plan to adopt open banking this year with 93 per cent of those businesses expect to adopt the data-sharing initiative in the next 12 months according to recent studies. One-fifth of …

Over half of UK credit providers to implement open banking in 2021 Read More »

Late payments can be debilitating to any small to medium sized enterprise (SME). Over 50,000 cease trading every year due to this issue, with SMEs currently owed £61bn in late payments, a 20 per cent increase compared to this time last year. As the essence of the UK’s economy – around six million UK SMEs turnover an …

Tackling late payments to small to medium sized businesses crucial to economic recovery – Gordon Merrylees Read More »

Lynne Darcey Quigley, Co-founder and CEO of Know-it (Global) Ltd & Darcey Quigley & Co discusses how late payments not only hurt your business but will hurt your customer too. It is a well-known fact that small is powerful, especially when it comes to business. In the UK today, companies with between 0 – 49 employees make …

Why late payments are hurting your customer, as well as your business Read More »

It is a well-known fact that small is powerful, especially when it comes to business. In the UK today, companies with between 0 – 49 employees make up 99% of the total number of the c.6m companies currently operating in the economy. So, it is no surprise that SMEs make up such a large proportion …

Why Late Payments Are Hurting Your Customer, As Well As Your Business Read More »

Lynne Darcey Quigley, Co-founder and CEO of Know-it, discusses how late payments hurt businesses and customers alike. It is a well-known fact that small is powerful, especially when it comes to business. In the UK today, companies with between 0-49 employees make up 99% of the total number of companies currently operating in the economy. So, it is …

Why Late Payments are Hurting Your Customers and Your Business Read More »

The turbulence caused by COVID spiralled many SMEs into bankruptcy, and caused many others to face new challenges. One of the most prominent of these is the late payments issue, which has increased by 20% from last year, to £61billion. The digital wave that has swept the world is a step in the right direction …

Know-it: The Real Cost of Late Payments for SME’s in the UK Read More »

Find out who made Insider’s 20 Women to Watch list. The drive to get more equal participation of women in business has taken some steps forward over the past year, according to the latest research. Women made up more than half of new FTSE 350 boardroom directors last year, although this snapshot of appointments does …

Women in business are changing minds… and boardrooms Read More »

By Gordon Merrylees, Chief Commercial Officer, Know-it Late payments can be debilitating to any small-medium sized enterprise (SME). Over 50,000 cease trading every year due to this issue, resulting in untold damage to the entire UK financial state. SMEs are currently owed £61bn in late payments, a 20 per cent increase compared to this time last year. As …

The Real Cost of Late Payments for SMEs in the UK Read More »