Dec 29, 2020
Credit control is an essential practice for all businesses big or small and is key to keeping a healthy cash flow. However, it can take a large amount of time, resources and expertise to effectively carry out. That’s why many businesses opt for using outsourced credit control services that can fulfil their credit control duties. …
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 …
How to write a strong warning letter for outstanding payments Read More »
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 …
Platform as a Service: Reshaping the future of fintech Read More »
It’s frightening the number of excuses we’ve seen businesses use for late payment blaming the initial invoice. Any error at all on an invoice including addresses, payment details, not itemising products/services, incorrect invoice numbers. Let’s put first things first and look at how to write an invoice email. How to write an invoice email If …
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 …
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) …
Platform As A Service: Reshaping The Future Of Fintech Read More »
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 …
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 »
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 »
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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