The Know-it Blog

International debt recovery can be a challenging process for businesses. It requires careful planning, effective communication, and a clear understanding of the legal and cultural nuances of the countries involved. This guide provides a step-by-step approach to help businesses navigate the complexities of international debt recovery and increase your chances of successful recovery. Perform Due …

Your Guide To Successful International Debt Recovery Read More »

One of the challenges businesses face is managing trade debtors, as unpaid invoices can significantly impact cashflow and hinder growth. However, it is essential to handle this delicate situation carefully to maintain positive relationships with your clients. The most effective way to maximise cashflow is by enhancing your credit control process! In this article, we …

Dealing With Trade Debtors To Get Paid Quicker Read More »

For businesses of all sizes, sending dunning letters chasing late payments can be a frustrating and time-consuming task. However, implementing a well-crafted dunning letter strategy can greatly improve your chances of recovering overdue payments while maintaining professional relationships with your clients. In this article, we will explore the concept of dunning letters and provide you …

Sending Dunning Letters To Chase Late Payments Read More »

Efficient management of debtor days is crucial for businesses seeking to maintain a healthy cashflow. By implementing effective strategies to reduce debtor days, you can enhance your business’s financial stability and improve overall profitability. In this article, we’ll outline 15 actionable steps that can help you significantly reduce debtor days and optimise your cashflow! Evaluate …

Effective Strategies to Reduce Debtor Days Read More »

Effective financial management is vital for the success and sustainability of any business, and among the key tools used in financial planning and decision-making is the cashflow forecast. It provides valuable insights into the expected inflows and outflows of cash within a specific period. In this article, we will explore what a cashflow forecast is …

What Is A Cashflow Forecast & How To Use It Read More »

Having issues with invoices not being paid on time? You’re not alone. Six in ten businesses are impacted by invoices being paid late. Sending invoice emails is an essential part of doing business if you want to get paid on time. That’s why we’re giving you an invoice email template you can copy! Copy this …

An Invoice Email Template You Can Copy! Read More »