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In a press release issued earlier this month, BACS revealed that the amount owed to small and medium-sized businesses in late payments has reached £33.6billion. It’s an increase of...
Speaking at a debate in Westminister Hall, Ed Davey said businesses are often their own worst enemy when it came to collecting money owed.
“Better management of invoices is...
A Nation of Lenders?
Latest news and views from Query Management
Over 700,000 companies are currently affected by the late payment of invoices
Along with a number of...
Reduce Days Sales Outstanding (DSO). E-invoicing helps retrieve money more quickly from your customers, by reducing the amount of time wasted whilst your invoice is in the post. The average DSO for a...
'There are still a massive 769,000 companies effected by late payments and Bacs research shows that the total amount of money owed to these companies is now nearly a third more (28%) than it was six...
Research released today from the Royal Bank of Scotland and NatWest has revealed the acute problem of late payments affecting businesses in the region. According to the banking group, the collective...
With 4,000 firms collapsing in 2008 due to late payments research revealing that 70% of small firms are suffering from late payments is causing alarm
Over 70% of small and medium-sized...
11% of small businesses are using credit cards to raise cash for investment according to an HSBC survey. It's hardly a cost-effective way to grow a business. By spending a small amount on good...
According to the Credit Management Research Council, smaller businesses write off an average of £14,000 a year in bad debts.
If your profit margin is 5% and you write off £14,000 you need...
