Blog posts • Aug 16, 2017 11:30 BST
Invoicing should be simple – you fulfil a task, cost it, document the information and then send. But it’s rarely that smooth. Every stage of the chain is susceptible to inefficiencies, particularly when completed with manual processes, causing a domino effect that drives up costs and elongates payment times. With a function so vital to cash flow it’s imperative to identify a better way.
Blog posts • Jul 26, 2017 11:00 BST
According to Yougov, 85 percent of UK SMEs are affected by late or non-payment of invoices, with each owed on average £6,142. With their often limited budgets, smaller organisations are forced to find alternatives to cover the shortfall – often overdrafts and loans – and have to pass on investment opportunities, stunting growth.
Blog posts • Feb 23, 2017 13:17 GMT
In this blog series we’re looking at effective quoting and invoicing. The first blog provided an overview of these business-critical operations, while the second blog looked at the impact of bad processes. With many small businesses turning to technology to improve and streamline processes, this blog considers how to successfully digitise quoting and invoicing.
Blog posts • Feb 09, 2017 14:30 GMT
The quote to cash process, essentially the way that companies create their revenue stream, is a key part of any business’ daily life. Done well, it supports healthy cash flow; done badly it can result in loss of business and harmful payment delays which can be devastating for small businesses.
Blog posts • Sep 15, 2016 14:30 BST
Bank of England Governor Mark Carney's recent decision to ease the lending rules for banks so that they can increase lending to households and businesses by up to £150 billion highlights the importance of easy access to finance for the UK economy.
Blog posts • Apr 20, 2016 10:22 BST
Neopost recently conducted research to understand how businesses are handling the transition to digital communications. We surveyed employees with responsibility for processing invoices & receipts in organisations with turnovers of between £10 & £100 million our findings highlight both the rapid take-up of paper-free working and how easily potential obstacles to digitisation can be overcome.
Blog posts • Jan 26, 2016 10:10 GMT
In a world of uncertainty and turmoil, one thing that can be predicted with absolute confidence is that in 2016, businesses of all types will continue to pursue digitisation strategies to reduce their reliance on paper and manual processing.
Blog posts • Dec 14, 2015 15:03 GMT
Black Friday may have been lacklustre on the High Street, but it broke all records online. According to Experian-IMG, UK online shoppers spent a record £1.1 billion on Friday the 27th of November, 36% more than last year. This milestone is testament to UK shoppers' love of a bargain and the ease and convenience of armchair shopping with a credit or debit card.
Blog posts • Oct 20, 2015 14:59 BST
World Paper Free Day is on 6th November and is an ideal time for businesses to think about cutting down on the amount of paper they use. Not only does going ‘paperless’ help the environment, it also reduces time and cost in printing, storage and information retrieval, and helps businesses be more efficient.