Know-It Global

APRIL 13, 2023

Reducing your debtor days is fundamental to maximising your cashflow! Late payments are crippling businesses all over the UK with 52% of businesses experiencing late payment , and 25% reporting increased instances of late payment in 2022. days and the average late payment time hit 8.8

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Know-It Global

JULY 26, 2023

By implementing effective strategies to reduce debtor days, you can enhance your business’s financial stability and improve overall profitability. In this article, we’ll outline 15 actionable steps that can help you significantly reduce debtor days and optimise your cashflow!

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Know-It Global

APRIL 11, 2023

To reduce the amount of time you typically need to wait for an invoice to be paid, known as your debtor days, you should have a payment chasing schedule set up. This means you’ll be sending a payment reminder when your invoice is due and following up repeatedly if your due date goes by with no payment being made.

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