Knowing Your Customer – ICM & BIS Managing Cashflow Series Part One
Knowing Your Customer – ICM & BIS Managing Cashflow Series Part One : One of the single most important aspects of effective credit control in any business is ensuring that you know exactly who you are dealing with, before any credit is provided. If you don’t know who your customer is, it is Continue reading →
Payment Terms – ICM & BIS Managing Cashflow Series Part Two
Payment Terms – ICM & BIS Managing Cashflow Series Part Two : After ensuring your company really knows your customer, knowing when you can expect your invoices to be paid is the next step in an effective credit control process. Agreeing payment terms in advance helps to ensure both parties accept and Continue reading →
Invoicing – ICM & BIS Managing Cashflow Series Part Three
Invoicing – ICM & BIS Managing Cashflow Series Part Three : Invoicing is an integral part of every business, so taking the time to ensure that your paperwork really works for you is often a wise investment. In part three of the Managing Cashflow guides from the ICM and BIS you Continue reading →
Treating Suppliers Fairly – ICM & BIS Managing Cashflow Series Part Four
Treating Suppliers Fairly – ICM & BIS Managing Cashflow Series Part Four : When it comes to cashflow, it isn’t just about ensuring your invoices are paid on time.  It encompasses the entire flow of money in and out of your business and covers your businesses dealings with your own suppliers. So do Continue reading →
Credit Insurance – ICM & BIS Managing Cashflow Series Part Five
Credit Insurance – ICM & BIS Managing Cashflow Series Part Five : Credit Insurance can be a valuable tool in a company’s credit control armoury and recent years have seen an explosion in availability of different types of cover. From traditional Whole Turnover to Catastrophe or Single and Multi Buyer cover brokers Continue reading →
Factoring and Financing Options – ICM & BIS Managing Cashflow Series Part Six
Factoring and Financing Options – ICM & BIS Managing Cashflow Series Part Six : If you extend credit to your customers you are effectively providing finance to them for the credit period. If your business does not have the cashflow to support the credit it has extended you could be just one bad debt Continue reading →
Chasing Payments – ICM & BIS Managing Cashflow Series Part Seven
Chasing Payments – ICM & BIS Managing Cashflow Series Part Seven : “A sale is not a sale until the money is in the bank” A simple sentiment, but one that can often be lost in the thrill of securing that next big sale.  But when the agreed upon payment day passes Continue reading →
When Cash Runs Short – ICM & BIS Managing Cashflow Series Part Eight
When Cash Runs Short – ICM & BIS Managing Cashflow Series Part Eight : Cashflow is the very lifeblood of your business, if it runs low a business will struggle to continue. If it runs out it will cause a corporate “heart attack” and kill even a profitable business stone dead. So what can Continue reading →
When All Else Fails – ICM & BIS Managing Cashflow Series Part Nine
When All Else Fails – ICM & BIS Managing Cashflow Series Part Nine : At some point in the life of every business they will face difficulties in getting a client to settle an invoice. Now you are faced with the very real prospect that this unpaid invoice may become a bad debt and Continue reading →
When Your Customer Goes Bust – ICM & BIS Managing Cashflow Series Part Ten
When Your Customer Goes Bust – ICM & BIS Managing Cashflow Series Part Ten : Sometimes, businesses fail.  If a failed company is a customer of yours it can be an expensive and potentially disastrous situation. In most cases their will be little you can do, except wait and see if any money is left Continue reading →

Name-and-shame ‘horror’ could cost creditor £120k

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Daring to speak out about late payment on Twitter could cost one woman £120,000 in fines and legal costs – all because of an unpaid £146 invoice. The BBC reports that 55-year-old Lesley Kemp of Milton Keynes carried out £146 Continue reading →

Another ‘Cowboy’ Debt Collection Company Liquidated

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As a fully licensed debt collection company that has been incorporated since 1984, we have a long history in providing advice on how to choose an ethical and trustworthy debt collection partner. But unfortunately sometimes this message doesn’t get through Continue reading →

Life under the Late Payment of Commercial Debts Regulations 2013

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The Late Payments Directive, known more technically as Directive 2011/7/EU or the Late Payment of Commercial Debts Regulations 2013, came into force on March 16th and should mean better protection for businesses of all sizes – from freelancers to big Continue reading →

The Kernel’s secret recipe for unpaid invoices

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Don't Carry On!

Take one technology, media and politics website. Add a 28-year-old online entrepreneur who used to be called Milo Wagner, but is now called Milo Yiannopoulos. Don’t add any paid invoices to freelance contributors – these could leave a sour taste Continue reading →