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Late payments are something that businesses across the country suffer from and they can cause a great deal of stress for business owners. The general payment terms are 30, 60 or 90 days in which goods or services must be paid for however 90 days can seem like a long time to wait for customers to pay - especially if there are other payment commitments to meet.
Cashflow is something that is at the forefront of every business and is something that business owners must manage, plan and forecast. Below is our cashflow guide which explains why cashflow is important and how effective management can better your business.
What is cashflow?
The definition of cashflow is simple. It refers to the cash flowing in and out of your business during a specific period of time. Cashflow is an indication for the financial health of a business and determines whether a business can pay its current liabilities.
Are you looking for an Invoice Finance solution but are unsure on whether Invoice Factoring or Invoice Discounting is the best option for your business? Are you worried you will miss out on the benefits of one solution if you decide to go for the other? Here’s our quick guide to the key similarities and differences to help you decide.
The similarities…
Consistent cashflow
Customer service has changed
Our approach...