Effective credit control is crucial for maintaining a healthy cashflow and financial stability. By implementing a well-structured credit control process, businesses can mitigate the risks associated with late payments and bad debts, ensuring a steady stream of revenue. In this article, we will explore strategies to optimise your credit control process, helping you maximise cashflow! …

Maximising Cashflow: Enhancing Your Credit Control Process Read More »

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 »

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 …

What Is Invoice Finance & How Does It Work? Read More »