Dec 29, 2020
Having great credit management is fundamental for small businesses. This can prevent cash flow problems and help to grow your business. Credit management is the process of giving credit, collecting due credit and managing all other credit-related functions. For small businesses, good credit management can mean all the difference between a business thriving or failing. …
Effective credit checks are a vital part of protecting any business. In the new year, the financial services sector will have received a wake-up call to grapple with its mounting fraud problem. Finance Monthly hears from Lynne Darcey-Quigley, founder and CEO of Know-It, on the problem of fraud plaguing UK firms and how they can protect themselves …
COVID-19 Loan Fraud: How To Deal With Financial Crime In 2021 Read More »
Understanding the steps to the customer billing process is essential for running a successful business. Having a clear and easy to follow billing process will reduce the chance of errors which can cause complications and affect cash flow. Many businesses already understand the basic steps of the customer billing process but with technology and software, …
Improve Your Customer Billing Process In Just 4 Simple Steps Read More »
From social media to a positive and friendly approach to late payments, good customer engagement is essential to your business. Is a business really a business without your customers after all? In this blog, we go back to basics looking at how you can engage with your customers more. Social media If you haven’t already …
Despite a package of loans giving businesses an unprecedented level of support throughout the pandemic, taxpayers now face losing up to £26bn due to fraudulent applications or an inability to pay the money back. According to Know-it, a cloud-based credit management platform, this serves as a timely reminder of the controls required to tackle fraud, financial …
For small and medium-sized enterprises (SMEs), 2020 has arguably been the most financially challenging year in modern peacetime, and that is before the potential disruption caused by a no-deal Brexit potentially adds further fuel to the fire. According to Know-it, a cloud-based credit management platform, smaller firms, under increased pressure following the second national lockdown …
Weathering The Storm: How Credit Management Can Ease The Strain On Struggling SMEs Read More »
The 2020 coronavirus has caused disruption for businesses worldwide. With our “new normal” involving face masks, social distancing and self-isolation we can only wonder how this will affect our businesses in a post-pandemic world. In this blog, we discuss some ways to help your business recover from the pandemic and how to navigate into this …
Tips To Help Your Business Recover From The Covid-19 Pandemic Read More »
Pretty much all business functions now involve some digital element or another. Whether it’s credit control or shopping for your favourite products, you can be sure that there’s some involvement from technology. The rise in digital has also seen a rise in customer demand which leaves many businesses wondering how they can keep up with …
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