The Know-it Blog

The Know-it Blog

The Know-it team

Dec 29, 2020

business owner typing a strong letter for outstanding payment

How to write a strong warning letter for outstanding payments

Writing a strong warning letter for outstanding payments can be challenging.  You’ve delivered what you’ve promised and sent your invoice in plenty of time. But the payment date comes and goes and you’re still waiting on getting paid.  It’s a situation too many businesses find themselves in. Thankfully, there are a few things you can …

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Platform as a Service: Reshaping the future of fintech

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 allows users to develop, run and manage applications in the cloud. Offering fintech institutions the ability …

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Wylie & Bisset advises SMEs struggling with late payment to agree different terms with creditors

WITH a recent report suggesting that SMEs are chasing £50 billion in late payments in the UK, Chartered Accountant Wylie & Bisset is advising those struggling with the impact of late payment to agree on different terms with creditors. Know-it, the cloud-based credit management platform, says that the extent of late payment in the UK is …

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Platform As A Service: Reshaping The Future Of Fintech

Lynne Darcey Quigley, CEO and Founder of Know-it, explains why the platform-as-a-service concept is an advancement that financial business leaders cannot afford to neglect. 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) …

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using technology for better credit management

Using Technology for Better Credit Management

Harnessing technology to better your business is vital for survival in the current climate. Being more efficient with resources and time is what will separate good business practices from great. Robotic Process Automation (RPA), Artificial Intelligence (AI), Blockchain and Machine Learning are all technologies that are rapidly becoming part of everyday life for the modern …

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UK SME’s Chasing Nearly £50billion in Late Payments

Small to mid-sized enterprises are chasing approximately £50billion in late payments in the UK according to recent research, a figure that equates to five outstanding invoices per firm. This according to Know-it, the cloud-based credit management platform, is simply unsustainable for many businesses and as debtor days get longer the chances of business survival gets shorter. Lynne …

UK SME’s Chasing Nearly £50billion in Late Payments Read More »

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UK SMEs Chasing Nearly £50billion in Late Payments

Small to mid-sized enterprises are chasing approximately £50billion in late payments in the UK according to recent research, a figure that equates to five outstanding invoices per firm. This according to Know-it, the cloud-based credit management platform, is simply unsustainable for many businesses and as debtor days get longer the chances of business survival gets shorter. Lynne …

UK SMEs Chasing Nearly £50billion in Late Payments Read More »

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Over 50,000 small businesses go bust every year because of late payments

Small to mid-sized enterprises are chasing approximately £50bn in late payments in the UK according to recent research, a figure that equates to five outstanding invoices per firm.  This according to Know-it, the cloud-based credit management platform, is simply unsustainable for many businesses and as debtor days get longer the chances of business survival gets shorter. …

Over 50,000 small businesses go bust every year because of late payments Read More »

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UK’s fintech industry becomes less London-centric

The UK’s fintech scene has become much less London-centric over the last couple of years, with the likes of Manchester, Cardiff and Glasgow developing into thriving hubs, according to a report from Findexable. Now in its third year, the Mambu-powered Global Fintech Rankings algorithmically ranks cities and countries around the world according to the number …

UK’s fintech industry becomes less London-centric Read More »

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