The Cash flow News Weekly!

Happy Monday everyone!  To help fight the Monday blues we have another Cashflow News Weekly for all our wonderful readers.  This week great news for small businesses! Scotland Bibby Financial Services – Invoice Finance company, with offices across the UK and internationally, reports increased lending by 40% for Scottish businesses over the last 12 months. BFS has lent over £25m to small Scottish companies. Why you might be asking yourselves?  Well, the company aims to offer small businesses improved cash flow and support within their ambitions to expand! But wait, there’s more great news! Bibby Financial Services have also … Continue reading

The Cash Flow News Weekly

It’s Friday again, and that means it’s time for the Cash Flow News Weekly! So what’s been in the news this week? Kodak emerges from bankruptcy Kodak has come out of bankruptcy, after leaving behind many of the businesses that made it famous. The company has moved on to selling printing equipment and services, aimed at businesses. Kodak’s personal film businesses, which includes 105,000 photo kiosks around the world and souvenir photos at amusement parks, is now owned by its UK pension fund. The company was founded in 1892 and was famed for making photography accessible to … Continue reading

The Cash Flow News Weekly

So, what’s in the news this week? UAE worried about cash flow Recent findings suggest that almost 3 in 10 Chief Financial Officers in Abu Dhabi and Dubai have cited cash flow as their biggest concern. The main reasons given were customer / client insolvencies, competitor pricing and low margins, slow paying customers and higher business expenditures. The Director of Robert Half UAE said, “Cash flow clearly remains a priority for finance leaders, particularly small and medium-sized enterprises (SMEs)… With SMEs contributing to the UAE’s fiscal growth, job creation and economic well-being, it is essential … Continue reading

The Cash Flow News Weekly

What’s been in the Cash Flow News this week? Metallica’s financial troubles Hard rock band Metallica has hit a bit of a cash flow rough patch. Their first venture into the world of music festivals has been successful amongst fans – but a headache fortheir accountants. The Orion Music + More festival, a 2-day interactive festival tailor-made for Metallica’s loyal fans, is based in Detroit, after relocating from Atlantic City. The city itself is preparing for possible bankruptcy, as we reported last month – and is set to make over half a million dollars from … Continue reading

Invoice Management: How To Get Paid On Time

Some tips to help you get paid on time – and preserve those ever-important client relationships… Clearly pre-agree payment. With every invoice raised, make sure payment terms are openly discussed and pre-agreed.  By explaining your invoicing system – when and how you invoice and expect payment – you minimise the risk of delayed payment.  Whether your payment terms are on delivery, 30 days or more, make sure your client is completely aware and both agree on payment structure.  If done verbally then always follow up with an email to confirm.  Better still, signing a contract … Continue reading