Thu.Mar 23, 2023

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Get To “Know” Our New Customer Success Manager

Know-It Global

We’ve just introduced a brand new member to the Know-it team! Welcome Clara Gobrecht, our new Customer Success Manager! Clara will be on hand to onboard new users and help businesses get the most out of the Know-it platform to help them mitigate credit risk, reduce debtor days and boost their cashflow. We sat down with Clara for a quick chat to learn more about her and how she’ll help support businesses in the UK. 1.

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Why you can't rely on selling more for better cash flow

Chaser

Cash flow is a crucial aspect of any business. Cash flow refers to the movement of money in and out of an organisation. Positive cash flow means that a business has more cash coming in than going out, while negative cash flow means that the opposite is true. For this reason, it can be easy to assume that by simply selling more, thus increasing your cash 'inflows', you are ensuring healthy cash flow for your business.

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Work Smarter, Not Harder with Workflow Automation

Accounting Department

As we move towards a more technology-driven world, it's important for business owners to adopt a "work smarter, not harder" mentality. One way to achieve this is through workflow automation with ERP software like NetSuite.

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Why It’s Difficult to Plan for Medical Expenses in Retirement (and What to Do About It)

Due

It would be super convenient if life was perfectly predictable. Weather forecasts would always be right. Investing in the stock market would be easy. And we wouldn’t have to make wild guesses about how much money we need in retirement. For the most part, financial planning in retirement is a fixed, predictable model. Historical data and aggregated personal experiences lead us to reliable estimates like the 4% rule , which can help you make sure you never outlive your principal.

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Procurement: A Comprehensive Guide For Building an Effective Process

The Esker Blog

Procurement is crucial in the supply chain process. It’s more than finding the most cost-effective suppliers or seeking positive supplier reviews. In large supply chains, it often represents a significant portion of the total spend and should be managed effectively to achieve maximum value. In this blog, we’ll delve into all this procurement: what it is, why it is an important business function and how the three main components come into play — People, Process, and Technology.

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Tricks to improving eCommerce order fulfillment

Grit

A robust eCommerce order fulfillment system enables you to ship and deliver products to your consumers more effectively. This, in turn, will enhance your store’s general reputation and may result in more sales as customers will be pleased to shop from you again. In this post, we’ll look at the top techniques or models to consider, as well as how to improve your fulfillment process to help you surpass consumer expectations and increase the profitability of your shop.

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5 Essential After-Christmas sales tactics for eCommerce stores

Grit

Given that a significant portion of merchants’ revenue comes from holiday and Christmas sales, it is not unexpected that the post-holiday period is characterized by a sharp decline in sales activity. Consumers are less likely to be exploring eCommerce websites or go to stores once the gift-buying rush has passed. As a result, many retailers report a notable decline in sales during Q1.

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All You Need to Know About Home Business Licenses + Permits

incfile

If you plan on joining the ranks of home-based business entrepreneurs, it’s important to do it right. For your business to operate legally, you’ll need to have all the necessary licenses and permits. Without them, the repercussions could include fines and penalties, or your company could be shut down completely. So whether your home-based business is a side gig or a full-time operation, let's determine which home business licenses and permits your company needs.

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UPDATE 9: Bed Bath & Beyond Inc. Enters Into Agreement with HBC Investments Regarding Warrants to Purchase Series A Convertible Preferred Stock; Waives Price Failure Through Apr. 3

Reorg Blog

The post UPDATE 9: Bed Bath & Beyond Inc. Enters Into Agreement with HBC Investments Regarding Warrants to Purchase Series A Convertible Preferred Stock; Waives Price Failure Through Apr. 3 appeared first on Reorg.

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UK Cards Data: Increase in Cardholders Missing Two Payments

FICO Blog

Home Blog FICO UK Cards Data: Increase in Cardholders Missing Two Payments Many UK credit cardholders who missed one payment in December continued to struggle with their debts in the new year, with a marked increased in two missed payments Darcy Sullivan Tue, 11/10/2020 - 12:17 by Liz Ruddick Principal Consultant expand_less Back To Top Thu, 03/23/2023 - 12:45 Our latest on UK card trends appears to reflect the contrasting picture of the economy.

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Business expense categories explained

GoCardless

Which business expense categories should you be looking at?

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Armacell Q4 Recovery

Reorg Blog

The post Armacell Q4 Recovery appeared first on Reorg.

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FICO Score vs. Credit Score: What’s the Difference?

CreditStrong for Business

Many aspects of the credit scoring system in the United States have remained virtually unchanged since the start of the 1990s, but it’s still a source of confusion for many Americans. In fact, roughly 40% of consumers report having no idea how credit scores work. 1 The difference between FICO Scores and credit scores is a common area of misunderstanding.

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Company Insolvencies Show No Sign of Slowing Down

Know-It Global

The swathe of corporate insolvencies we’ve seen over the past year shows no sign of slowing down! February 2023 figures show the number of companies going insolvent jumped 17% year on year, reaching 1,783. This is a huge 33% higher than pre-pandemic levels! In Scotland company insolvencies are up 11% compared to last year. The frightening thing is companies struggling to pay their outstanding invoices are at serious risk of going out of business.