Business Advice

On-demand pay allows employees to access the wages they have so far accrued at that time of the month, rather than waiting for their scheduled payday, putting financial management and control in the hands of the employee. In this blog, we explore the cost differences between offering on-demand pay vs advancing salaries.

Chasing payments of any kind as a business is a pain. Not only does it hold up your cash flow which can end up causing major problems in the long run, but it also expends further time and resources invoice chasing. Not to mention the precipice you walk on in chasing payment that is owed to your business yet ensuring not to incense a customer so much that they leave.

Now more than ever, it is vital that all businesses have a process in place to send out an unpaid invoice letter. In 2021 it was estimated that UK SMEs were owed over £61 billion due to late payments and in early 2022 The Federation of Small Businesses estimated that over 400,000 small businesses could go out of business due to the late payments crisis. We covered some tactics for chasing invoices in another blog and today we will outline an outstanding payment letter template to help you through this process.

Sick of chasing late payments and overdue invoices? Take control of payment collections! In our handy guide, we reveal how businesses can better manage their payment processes and offer advice on how best to deal with late payments. Download it for free today!

The subscription model may not be right for every business. Is it good for you? Find out the pros and cons of the subscription model

Direct debit is a great way to take payments as a business but how do you get started and what should you know? Find out here.

5G, AI, IoT. What do the next 12 months look like for telecoms companies and how can they cope with a changing landscape? Find out here.

Insurers are finding it harder to attract and retain customers. Would a customer focus style help marketing towards millennials? Find out here.

How owners can restructure their business model. Care companies have had a difficult time over the last few years, so what can owners do to make their lives easier? Find out here.

The fintech sector used to be a novelty but now it’s a crowded market. How do you stand out in front of customers and investors alike?

Find out how to grow your memberships, through recruiting new members, as well as engaging and retaining current ones.

If you want to scale your business quickly, then there are some tried and tested ways to achieve this. Check out our tips, from strategic planning to upselling.

For charities that have limited resources forecasting can seem like overkill, but there are some very good reasons why you may want to look into the future.

Want to develop your business to 100k revenue+ but don’t know how? Don’t worry, our tips will help you make the leap. Starting a business can be a real challenge but often the owners find that they are able to develop to a certain level and then suddenly hit a roadblock.

When you are starting a new business, one of the first things you need to think about is what payment methods you are going to offer. Experts tell us that we’re heading towards a cashless society and this means that you need to have easy ways to accept cards both in-store and online.

The telecoms industry is one of the most competitive sectors in the UK, so if you’re looking to retain a competitive advantage then you need to be presenting your customers with a great user experience (UX). Read on to find out how to embed your payments processes in your telecoms software.

Businesses of all sizes are being affected by a lack of payments infrastructure or expertise. Here's a guide for all you need to know about integrated payments for your business - the future of payments.

For many companies, the key metric they look at is how many new subscribers they are bringing on board but this misses an important point about leaky buckets.The larger the hole, the more water you are going to need to put in to fill it, and if you stop filling then your bucket will empty very quickly indeed.

Direct Debit is a great way for businesses to take regular payments from their customers whether that is a standard monthly subscription or a variable amount. The payment method works well for companies and saves customers time and effort - a great example of a real ‘win-win’ situation! So what are the advantages of Direct debit? Read on and we’ll explain.

Everything you need to know about Indemnity Claims and the Customers Direct Debit Guarantee.