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Know-it is cloud-based, credit management platform specifically designed to help small to medium-sized businesses chase late payments, manage their credit, and check the credentials of the people they do business with – including through their supply chains. Ultimately, it is a one-stop-shop to help small businesses mitigate credit risk, secure and monitor their cash flow …
Late payments are a huge problem in the UK. Research from Hitachi Capital UK found that a staggering £51.5 billion was estimated to have cost UK SMEs in 2019 with the actual figure expected to be much larger. A third of SMEs have said that they had experienced late payments of at least £10,000 in …
Lynne Darcey Quigley explains how Platform-as-a-Service (PaaS) is reshaping the future of fintech and finance software. Customers crave convenience. However, financial institutions often struggle to meet their demands whilst safeguarding information. As banks comply with evolving regulations, customers will benefit from the opening of APIs to customer data. Platform-as-a-Service (PaaS) is a utility-based platform that …
Platform as a Service: Reshaping the future of fintech Read More »
Recent data from Pay.UK and CICM highlights the significant impact overdue payments have on Britain’s small businesses, with Scottish SMEs disproportionately affected THE joint study by payments authority Pay.UK and Europe’s largest credit management membership body the Chartered Institute of Credit Management (CICM) was carried out at the end of 2020, and showed not only that …
Scottish Small Businesses Disproportionately Affected By Late Payments Read More »
First of its kind cloud-based platform streamlines approach to the credit management process, helping businesses mitigate credit risk, boost cash flow and tackle late payments Know-it (https://know-it.co.uk/), a Scottish fintech start-up, has launched its beta cloud-based credit management platform. Founded by Lynne Darcey Quigley, the new platform gives businesses and its finance teams the tools …
Know-it Launches New Standard For Credit Management With Check-it, Chase-it & Collect-it Read More »
First of its kind cloud-based platform streamlines approach to the credit management process, helping businesses mitigate credit risk, boost cash flow and tackle late payments Know-it, a Scottish fintech start-up, has today launched its beta cloud-based credit management platform. Founded by Lynne Darcey Quigley, the new platform gives businesses and its finance teams the tools to …
Check-it, Chase-it, Collect-it: Know-it Launches New Standard For Credit Management Read More »
Know-it, a Scottish fintech start-up, has today launched its beta cloud-based credit management platform. Founded by Lynne Darcey Quigley, the new platform gives businesses and its finance teams the tools to automate and simplify the way it manages credit risk and the credit control process, helping save time, reduce debtor days and increase cash flow. …
Check-it, Chase-it, Collect-it: Know-it Launches New Standard For Credit Management Read More »
Know-it, a Scottish fintech start-up, has today launched its beta cloud-based credit management platform. Founded by Lynne Darcey Quigley, the new platform gives businesses and its finance teams the tools to automate and simplify the way it manages credit risk and the credit control process, helping save time, reduce debtor days and increase cash flow. The …
Check-it, Chase-it, Collect-it: Know-it Launches New Standard for Credit Management Read More »
What is bad debt? Bad debt is credit owed but has been deemed uncollectible, in other words the cash is lost and must be written off. Not good for anyone! All businesses should seek to avoid bad debt but unfortunately, it’s a risk that businesses face when granting credit to customers. The good news though …
Credit risk. Sounds like quite a daunting term doesn’t it. But it doesn’t need to be. You see, being exposed to a certain degree of credit risk is part of doing business today. Businesses need to find the balance between amplifying sales by granting credit and leaving themselves too vulnerable by granting too much credit, …
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