Tag: improve cash flow

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5 money saving tips for SMEs...

All businesses have the aim of reducing costs and chasing growth; whether your goal is to boost profits, survive in a competitive market place or become more efficient in increasing revenue. By reviewing your outgoings regularly, you’re more likely to be able to make savings as you’ll be able...

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What is credit management and how can your business ha...

Credit management is often a juggling game. You want to be able to make sure that your debtors pay you on time but on the other hand, you don’t want to ruin relationships by continuously chasing them for payment or using the wrong methods to do this. It can...

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Don’t underestimate the start up costs you may f...

The number of businesses starting up in the UK is increasing year on year, with over 350,000 start-ups already launched this year (1), it is expected to surpass 2015’s figure of 608,110 start-ups(1). With the many advantages of being a business owner, it’s no surprise that many are looking...

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SMEs feel strain on working capital during summer mont...

Many businesses thrive on the peak of Summer sales, for others these are the months when business dips due to school holidays and families jetting off to make the most of the sun. The challenge with the decline in revenue is the effect this has on cash flow and...

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UK freelancers are increasingly struggling with late i...

UK freelancers are increasingly struggling with late invoice payments, with around half admitting they considered quitting freelance life because of the continued struggles and worries over continued late payments, according to a recent study from Ormsby Street. The survey of 1,002 freelancers and sole-traders revealed that 46 per cent...

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Treat the cause of late payments, not the symptoms...

Late payments is a big problem for many organisations in the UK and its impact on those with fewer than 50 employees are typically twice as likely as large corporates. Many SMEs don’t manage or pay close enough attention to their payments until it’s too late and the payment...

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Fraud, identity and the emerging Internet of Things...

While we're not directly producing IoT “things,” we work with companies and organisations that do, to help them safeguard their customers and themselves from the impact of fra...

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Fraud costs UK economy £193 billion a year – equ...

New research shows fraud costs the UK economy £193 billion a year - equating to More than £6,000 lost per second every d...

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Five invoicing mistakes to avoid...

48 per cent of UK’s small to medium-sized businesses are frustrated with delayed payments reaching their business bank accounts, an online survey from YouGov and ACI Worldwide has found(1). 33 per cent of respondents say late payments affect their ability to meet financial obligations on time 17 per cent...

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