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Scottish Startup Know-it Reaches National Audiences With New STV Ad Campaign

Glasgow-based fintech Know-it has launched a new national TV ad campaign in partnership with STV. Having won the prestigious Startup Summit award, Know-it were awarded airtime on STV to reach a national audience on primetime television. Know-it is a cloud-based credit management platform that streamlines the complete credit control process, enabling users to credit check …

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Team Know-it Hit London For Accountex

News / By Lynne Darcey Quigley

Team Know-it have just returned from an amazing trip down to Accountex London! We had a great time talking to new and existing clients whilst showing new audiences how Know-it helps businesses mitigate credit risk, reduce debtor days and boost cashflow. Are you an accountant? Know-it helps accountants and bookkeepers better serve their clients by …

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Effective Strategies For Managing Credit Risk In Your Business

Blog / By Lynne Darcey Quigley

As a business owner, it’s essential to understand and manage credit risk to maintain a healthy cash flow and avoid financial losses. Credit risk is the potential for a borrower to fail to repay a loan or credit extended to them. Understanding how much credit risk a business could pose to you is critical if …

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The Alarming Trend of Rising Company Insolvencies

Blog / By Lynne Darcey Quigley

Company insolvencies continue to climb steeply March monthly insolvency statistics reveal. 2,457 businesses in England & Wales entered liquidation, an increase of 16% year on year. In Scotland the figure is 21% higher compared to March 2022, with 140 insolvencies recorded. The rise of Creditors’ Voluntary Liquidations (CVLs) paints an extremely bleak picture. 2,115 CVLs …

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Reducing Debtor Days To Maximise Cashflow

Blog / By Lynne Darcey Quigley

Reducing your debtor days is fundamental to maximising your cashflow! Since you’re here reading this article we suspect you’re having issues with not being paid on time. You’re not alone. Late payments are crippling businesses all over the UK with 52% of businesses experiencing late payment, and 25% reporting increased instances of late payment in …

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Is There Cash Hiding In Your Sales Ledger?

Blog / By Lynne Darcey Quigley

Is there cash hiding in your sales ledger? With rising interest rates and soaring numbers of company insolvencies , businesses are getting hit, hard! For one, a rise in interest rates means loan repayments will increase, it may be more difficult to be approved for funding and businesses will typically have less cash to spend. …

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Company Insolvencies Show No Sign of Slowing Down

Blog / By Lynne Darcey Quigley

The swathe of corporate insolvencies we’ve seen over the past year shows no sign of slowing down! February 2023 figures show the number of companies going insolvent jumped 17% year on year, reaching 1,783. This is a huge 33% higher than pre-pandemic levels! In Scotland company insolvencies are up 11% compared to last year. The …

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Get To “Know” Our New Customer Success Manager

News / By admin

We’ve just introduced a brand new member to the Know-it team! Welcome Clara Gobrecht, our new Customer Success Manager! Clara will be on hand to onboard new users and help businesses get the most out of the Know-it platform to help them mitigate credit risk, reduce debtor days and boost their cashflow. We sat down …

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Complete Guide To Reading A Business Credit Report

Blog / By Lynne Darcey Quigley

A business credit report is a powerful tool at your disposal that will allow you to get a glimpse into the financial shape of your customers, helping you make smarter credit decisions. It can also help you identify areas of improvement in your own business that will make you more favourable to lenders and suppliers. …

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Know-it Partners With Swoop To Offer Invoice Finance

Blog / By Lynne Darcey Quigley

Know-it, the all-in-one credit management solution, has today announced a new partnership with Swoop to bring Invoice Finance-it to the cloud-based platform. With the instances of late payments continuing to soar after hitting a two-year high in 2022 and the number of corporate insolvencies rocketing over the past year, Know-it has introduced invoice financing to …

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