"Late payments can have a disastrous ripple effect on the supply chains of #smallbusinesses and there is big room for improvement."
An interesting read on the effect of #latepayments and their effect on the economy: https://t.co/Iy1Ty7OqBb
Labour is to offer loans of up to £35,000 to help #smallbusinesses upgrade to an electric vehicle as part of a green technology push.
An interesting read here: https://t.co/xn2CsQZmwu from @smallbusinessuk#SME
There's no doubt that #customerloyalty is important.
After the inital sale, 70-95% of revenue comes from renewals and upsell so our focus should be on keeping existing customers happy.
Read more here: https://t.co/uNeLakuNnf
The average small business spends £90,000 a year (in lost time and manpower) chasing #latepayments.
Could open banking be the solution? An interesting read here: https://t.co/5VwmqvYJs1
Late payments are estimated to have cost UK #SMEs at least £51.5bn over the last 12 months. New research has uncovered the extent to which #latepayments are hindering productivity and growth, with some surprising results.
Read more here! https://t.co/REPj3GJqGF
Pay4 was born out of the realisation that growing #SMEs would benefit from access to a wider range of business finance. We extend your payment terms to help your business grow!
Learn more about our story here: https://t.co/SpRkjQWbKK #workingcapital
"On average, 16 shops are closing every day as retailers restructure their businesses and more shopping moves online."
Retailers are continuing to face growing online competition due to the changing ways people shop.
https://t.co/qJ6Kxnfjcx #workingcapital#SME
The Government has established a Business Finance Council to help #SMEs access funding once the UK has left the EU.
The council will identify and help overcome any barriers faced by SMEs in securing the finance they need.
Read more here: https://t.co/ruWiVd3fyS
Offering early payment discounts can be a proactive way of minimising #latepayments, increasing customer loyalty and improving supplier relationships. Pay4 can help you take advantage of these discounts!
Read more here: https://t.co/Pufol5FSHC #workingcapital
On Sunday, new #promptpayment rules were introduced by the Government where big businesses with poor payment practices will be excluded from taxpayer-funded contracts.
Read more here: https://t.co/73CTVcGFe2 #latepayments
It's been a summer of British Sporting success, and the passion of sport is winning over business leaders who are using lessons from champions to shape their businesses.
Read how success on the field can translate into the boardroom: https://t.co/n7pzappAEG #SME@SME__News
The battle of the high street takes a positive turn; statistics from the past two years show smaller retailers who offer higher-grade goods, services and a better customer experience, are thriving.
https://t.co/7fXzjUomLN #SME
The Institute of Chartered Accountants in England and Wales (ICAEW) has asked Boris Johnson’s new Government to help #businesses with the increasing problem of #latepayments faced by #SMEs.
Read more here: https://t.co/mtUAWvZ5dC
#SME growth is driven by their ability to seize business opportunities as they arise - and is facilitated by access to finance.
Have a read of our article on how #AltFi helps new businesses grow:
https://t.co/cF8hRpuApS #workingcapital
What do the cultures of impressive companies have in common? @Real_Business looked into the top mistakes #SMEs should avoid when building workplace culture and how to create the ultimate working environment.
Read more here: https://t.co/fAp80haBrN
We talk a lot about the issue of #latepayments, but overdue invoices can dramatically impact the cash flow of #SMEs - and the problem is getting worse.
Here's some tips to protect your business from @smallbusinessuk
https://t.co/y9SixDn7zt
It may be #holiday season, but as many as 513,000 #SME owners haven’t had a holiday in as long as five years! ☀️
Potential loss of earnings and missing out on work were the main issues preventing them from taking time off - read more here: https://t.co/Jmkj9ZxxrS
'Late payments are a greater challenge than they were a year ago for one in five businesses'.
With #latepayments on the rise, the ICAEW has called on the government to help #SMEs.
Read more here: https://t.co/Y2xm1lsEp8
Earlier in the year, @SME__News published this article on the #smallbusiness trends to look out for in 2019.
An interesting read as we progress through the year: https://t.co/TesUgQofgA