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A culture of late payments by bigger companies is leaving small businesses struggling to get by. According to research done by US Bank, 82% of failed US businesses collapse for the same reason: insufficient cashflow. Big businesses often do not pay smaller suppliers quickly enough, with many insisting on 90-day payment terms. This leaves already vulnerable businesses …
Small businesses need quicker payments to survive Read More »
After another month of grim reading in terms of national insolvency figures, many firms will be acutely aware that – as the economic situation deteriorates further – they could be next. Lynne Darcey Quigley, Founder and CEO of Know-it, discusses how firms can mitigate risk, and avoid becoming a statistic in the months ahead. Amidst …
Cashflow is king to avoid becoming an insolvency statistic Read More »
As of November 1st, businesses will no longer be able to access HMRC’s VAT online portal when it comes to filing monthly and quarterly VAT returns the old way. Having successfully set the ball rolling in the Making Tax Digital (MTD) initiative, with 1.8 million businesses utilising the service – everything is about to change. Preparation is …
A combination of skills shortages and Covid-related backlogs has compounded the judicial system into a state of crisis in recent years. Legal experts have warned that record long civil court delays will create complications for UK businesses, after data earlier this year showed claimants must now face 74 weeks waiting times before their cases are heard. Technology …
The key to thriving even at the darkest times of a recession is to have a business credit score that will hold a business in good stead for a successful future. In the light of the recent rises in inflation, rising operational costs, and the recession expected to hit later this year, many businesses should look to boost …
How Businesses Can Improve Poor Credit Ratings and Beat the Upcoming Recession Read More »
FinTech remains a male-dominated industry, and for women it can sometimes be difficult to grow in a sector with few role models to relate to. Here at FinTech Alliance, we regularly highlight the roles of various women in the sector to find out how they got where they are today, the challenges they deal with, …
Figures published by the Insolvency Service reveal corporate insolvency numbers rose in August when compared to the previous month and have soared compared to pre-pandemic levels. Lynne Darcey Quigley, Founder and CEO of Know-it, explains what firms with concerns about their finances can do to try and avoid contributing to the statistical surge. The August …
Getting your business’ house in order as insolvencies boom Read More »
All-in-one credit management platform Know-it partners with Creditsafe 03/10/2022 Creditsafe, the global business intelligence experts, have today announced a new partnership with Know-it, the all-in-one credit control solution for SMEs, that will help UK businesses mitigate credit risk and reduce the instances of late payment through a single source of reporting. SMEs in the UK are …
All-in-one credit management platform Know-it partners with Creditsafe Read More »
Recently-launched, Glasgow-based credit management platform grows team. Know-it has appointed Laura Gibbons as its new head of marketing and communications. The cloud-based credit management platform launched last month, aiming to give businesses the tools to automate the way they manage risk in the credit control process, helping save time and reduce late payments. Gibbons will …
Introducing our new series, ‘Meet the brand,’ where we highlight the newer or smaller brands exhibiting at Accountex Summit Manchester this October. First in the spotlight is Know-it, who automate the entire credit control process and give businesses the ability to mitigate credit risk, reduce debtor days and increase cashflow in one simple platform. What …
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