Insights Invoice Factoring Blog
9 Strategies to Help Your Business Recover After COVID-19
Jump-start Your Business Post Pandemic The COVID-19 pandemic has been devastating for small and large businesses alike. Even those companies that remained open during the pandemic saw dramatic falls in sales. And, of course, consumers have been badly affected by the...
10 Reasons Why Your Business Needs an Annual Budget
Create a Roadmap for Success with Your Budget Preparing an annual budget can seem like a time-consuming effort. You might even wonder if it is a worthwhile exercise for a small business. After all, the hours you spend crunching numbers on a spreadsheet could be better...
10 Questions to Ask Before Giving Credit to B2B Customers
Implement Robust Credit Controls When a new business-to-business (B2B) customer comes to you with a large first order, your immediate inclination may be to open a bottle of champagne. However, there are risks involved in all credit accounts that it would be foolish to...
Five Signs Your In-House Accounting Department Is Holding Your Business Back
Should you outsource accounting roles? When you run a business in which your focus is on providing products or services to your customers, your bookkeeping and accounting efforts likely aren't your core value proposition. Nevertheless, a well-run accounting operation...
10 Ways to Retain Cash in Your Business Longer
Keep Tight Control of Cash Flow to Improve Profitability Cash flow issues in a profitable company suggest a timing issue. It could be that you are keeping costs under control and hitting sales targets, but the profit that you see in your accounts never quite seems to...
Pro Tips for Improving Customer Loyalty
Bolster Profits by Focusing On Current Customers Your business can't grow without continually acquiring new customers. However, it's your recurring customers who are your company's lifeblood. They not only drive most of your sales, they also provide free word of mouth...
10 Steps to Build and Maintain Business Cash Reserves
Strengthen Your Balance Sheet with a Healthy Cash Reserve The COVID-19 pandemic demonstrated, yet again, that nothing is certain in business. A perfectly healthy business can be hit by the unexpected at any time. However, companies with a cash reserve to fall back on...
Ten Tips to Get Your Invoices Paid Faster
What you Need to Include on a B2B Invoice Sales invoices may appear to be relatively straightforward documents. However, if you omit certain crucial pieces of information, it could cause payment delays. A sales invoice is not usually considered to be a marketing...
Build a Better Business by Outsourcing
Position Your Company for Steady Growth If your small business is suddenly doing better, you might think it is time to hire some new staff so that your business can grow. You shouldn't be so quick to expand, though. While growth may be your ultimate goal, growing too...
3 Common Invoice Management Mistakes to Avoid In Your Business
It’s likely you’re making at least one of these invoicing mistakes, but it’s not too late to put good practices in place. If your business sends out sales invoices, it's a good idea to have your customers on a set billing cycle. This keeps money flowing into your...