Late payments and unpaid invoices are a growing concern for every business and, unfortunately for some businesses, a significant problem, affecting cash flow and, ultimately, everyday business operations. Often, invoices fall overdue for numerous reasons; however, research has shown that a large percentage of these overdue invoices have fallen into the late payment trap, as […]
Credit insurance can be seen as a significant benefit for businesses, protecting against the risk of customers defaulting on payments. In some cases, credit insurance can be invaluable to help businesses continue to operate by ensuring that you receive money owed, regardless of the client’s situation. Also known as bad debt protection, your business no […]
When you find yourself dealing with worry about debt, you might be wondering what the best step to take is to start getting yourself out of this challenging situation. Debt management plans are a useful tool that a debt recovery agency can support you with and can help to take your finances to a more […]
Accounts receivable management is an area of your finance function that can dramatically impact your business cash flow. It is also an area that you must pay close attention to maintain a financially healthy and sustainable business. When accounts receivable management is done right, you avoid overdue payments, invoices are paid promptly, you can achieve […]
As a business owner, you no doubt have come across your fair share of issues when it comes to overdue invoice problems. The impact that accounts receivable management problems and solutions can have on your daily business operations is often underestimated by business owners until it’s too late, and they end up in a difficult […]
Business debt is not uncommon. In fact, managed right, business debt can help support your business growth plans and chances of success. However, it’s vital that you keep control over business debt, and we mean tight control. Managing repayments effectively and efficiently to avoid debts spiralling and ultimately running your business into the ground. In […]
Whether you’re looking for additional funding to grow your business, purchase new equipment and further inventory, or need a quick cash injection to support ongoing operations, a small business loan could be your best option. Providing you with a fast and affordable solution and with various lenders offering a range of products, startups, and established […]
Waiting to be paid for a service or product you’ve offered can be an incredibly frustrating experience. When dealing with an invoice that hasn’t been paid from a client, at some point you’ll have to engage in a conversation about the unpaid invoice. There are many ways to tackle this task, and by following the […]
Debt collectors and bailiffs often fall under the same category when it comes to what they are trying to achieve, but in fact, they are actually quite different in the way in which they operate. Whether you are a business owner struggling with late payment of commercial debts or are concerned that someone might come […]
When you are trying to track down someone who owes your company money, you may find that from time to time finding a debtor is almost impossible. The good news is that there are ways in which companies can support you to find individuals who’ve moved house or have tried to escape paying you back. […]