What to do when your customers aren’t paying
This time of year is typically a tricky one for personal finances, and the New Year has arrived with the added sting of last year's cost of living crisis and ongoing economic difficulties.
Sustainability – hand in hand with cost saving
Economic difficulties have forced businesses to make efficiencies to combat rising inflation and increased energy costs, our latest research confirms. However, this doesn’t have to be at the expense of sustainability.
Six ways to spring clean your collections
The new year is a great time to review your collections practices and effectiveness. Here are 6 tips for effective credit management and collections in 2024.
Building resilience: Embracing economic challenges as opportunities for growth
Some businesses are learning from the economic downturn, with many putting in place strategies and practices that will make them financially stronger in the long run. However, others report that the crisis has distracted them from core business activities and reduced their ability to invest.
How much time is too much time?
Businesses are spending an average of 74 days a year chasing late payments, distracting them from their core focus and limiting growth. What could they be doing to strengthen their collections efforts and ensure they get paid?
2023 in Review: A Year of Economic Challenges and Hope
The year 2023 has been a rollercoaster ride for the global economy, with Europe experiencing significant economic pressure and uncertainty. As we reflect on the events of the past year, it becomes evident that the challenges faced in 2022 continued to intensify.
Overspending and non-performing loans – is the wave about to hit?
High interest rates and soaring inflation, alongside real wages failing to keep pace with rising costs, have left some struggling to make ends meet. But have we seen the worst of it, or are non-performing loans about to escalate?
Changing the way we pay – adapting to consumer trends
The economic situation has forced consumers to confront their spending. While curbing a take away coffee habit isn’t enough to offset the rise in prices, are we changing our behaviour for the long term?