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How To Improve Your Debt Recovery Processes
Late payments can have a major impact on business survival therefore it is crucial that an effective process is in place to tackle the problem before it gets out of hand. As with any effective operation, preparation is the key and there is a lot that can be done to streamline your business debt recovery…
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New Research Highlights the Importance of Getting Paid on Time
The impact of late payments on cashflow is well-known, however a recent survey shows that late payments come with additional consequences for those businesses affected. The survey of 1,233 British businesses commissioned by employee spend management firm, Concur, found that 4 in 10 of those businesses were feeling the impact of late payments. The way…
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3 Top Tips To Help You Recover Debts
Being owed money is an unfortunate side effect of doing business for many company owners and recovering them can cause further pain when the process becomes a long, drawn out affair, which is often the case with bad customers. So help you recover you debts as quickly as possible here are 3 top tips to…
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Why SMEs Should Claim Late Payment Interest
A recent report from Siemens Financial services has revealed that late payments are costing UK SMEs £250 billion pounds worth of liquid cash flow. This reveals the extent of the ongoing problem of late payments which can in some cases cripple businesses with cash flow issues which can result in insolvency. With cash being the…
