Dec 29, 2020
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 …
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 …
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 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 …
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 …
Maintaining a healthy cashflow through credit control is crucial for the long-term success and sustainability of any enterprise, especially against the backdrop of soaring insolvencies and record instances of late payment. One effective strategy for achieving this goal is to implement a robust credit control system. By effectively managing your business’s credit and collection processes, …
Here at Know-it we help you uncover a potential cashflow catastrophe before it happens, thanks to our unsecured creditor claims data. This information is so valuable and will save you the stress of potentially losing out on being paid for invoices you’ve raised. So, what are unsecured creditor claims? Unsecured creditor claims identify which of …
In today’s fast-paced and interconnected world, credit control has become a vital aspect of financial management for businesses. Traditionally, credit management involved manual processes and relied heavily on human intervention, which often proved time-consuming and prone to errors. However, with the advent of advanced technologies, the landscape of credit control has undergone a remarkable transformation. …
Did you know you’re legally entitled to claim late payment interest and compensation for any of your overdue invoices? Late payments are one of the most frustrating parts of doing business and the effects are devastating, with 440,000 businesses possibly being forced to close as a direct result of being paid late. This shows the …
How To Boost Cashflow With Late Payment Interest Read More »
Updated June 2023: The Bank of England increased interest rates to their highest point in 15 years, up to 5%. The Bank of England have now raised interest rates for the ninth time this year in an effort to combat inflation. Interest rates have now climbed from 4.5% to 5%, the most rapidly these rates …
What Does An Interest Rate Rise Mean For Your Business? Read More »
KNOW-IT (GLOBAL) LTD International House, Stanley Boulevard, Hamilton Technology Park, Glasgow, Scotland, G72 0BN. SC645873.
© Copyright 2025. All rights reserved.
