Dec 29, 2020
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 …
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. …
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 …
Company Insolvencies Show No Sign of Slowing Down Read More »
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. …
Complete Guide To Reading A Business Credit Report Read More »
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 …
Know-it Partners With Swoop To Offer Invoice Finance Read More »
Trade credit insurance provides much needed protection against the risk of your customers going into liquidation or administration! Think about the companies on your sales ledger and their average order value, could you afford for some of them not to be able to pay you as a result of going insolvent? In 2022 the number …
What Is Trade Credit Insurance & How Does It Work? Read More »
Invoice finance is a fantastic way to get a quick injection of cash to your business when you need it! Has there ever been a time when you’ve been in a tough spot waiting for your overdue invoices to be paid? It’s a familiar situation too many businesses are finding themselves in. Invoice finance is …
As we make the final push into the new year we’ve been busy implementing our biggest update so far to the Know-it platform and attending some big events! Here’s a look back at what we’ve been up to over the past month. You can now invite additional users for free As part of our biggest …
Want to maximise success for your business? Then getting to grips with your sales ledger is absolutely critical! In essence, your sales ledger holds all the sales you’ve made as a business including the companies you’ve sold to, the amount each sale was worth, when payment was due and will allow you to identify any …
Getting Your Sales Ledger In Shape To See Your Cashflow Soar! Read More »
Here at Team Know-it we’re always striving to make Know-it the best platform it can possibly be! Over the past few months we’ve been hard at work developing new features and completely overhauling our pricing structure, making Know-it even more accessible to businesses just like yours. I’m Clara, Customer Success Manager here at Know-it. Keep …
Shaking-it Up | 3 New Know-it Features You Need To Hear About! Read More »
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