Blog posts • Oct 11, 2017 11:41 BST
Invoicing is a vital function that impacts cash flow, profitability and growth. Regardless of a business’ size, it’s a process that must be completed efficiently and accurately. Getting it wrong can prove incredibly costly as it can alienate customers and end relationships.
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 15, 2017 11:30 GMT
In blog one of this series we looked at the basics of quoting and invoicing, discussing what they are and the role they play in generating cash. Yet, many still rely on inadequate processes when managing these vital functions. We take a look at some of the most common and the impact they can have on small businesses.
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.