Ian Duffy: A Global Perspective. How growing businesses can manage liquidity during times of crisis
We know that SMEs have been facing an extremely challenging time over the past few years. Obstacles include Brexit, the COVID-19 pandemic, and the ensuing supply chain crises. In this blog, AP spoke with CEO, Ian Duffy as we discuss the global impact of how these crises are hitting SMEs and how companies around the […]
Why working with brokers can get you SMB funding
If you’re looking for SME funding, you’re not alone. A new report from Simply Business has shown that 1 in 3 small business owners in the UK fears running out of money. Not only that, but a staggering 87 per cent of small business owners have lost money over the last two years. With many […]
Could new covid-19 worries spell more troubles for scaling businesses?
Accelerated Payments spoke with our Head of North America, Neil McMillan to get his views. By many accounts, the worst of the COVID-19 pandemic is over. However, for businesses – especially scaling businesses with plans to grow – the full impact of the pandemic continues to be felt. Right now, not only are there ongoing […]
Time out with… Weiqing Li
Tell me a bit about yourself My name is Weiqing Li, and I am from North China. I first came to Ireland 8 years ago as part of a study programme. About 30 of us were in that course and 10 of us are still in Ireland today. We studied three years in China, and […]
What are the advantages of Export Finance?
Export Finance is a great tool that can help your business to release working capital from its overseas transactions. Export finance is a key competitive factor for exporters and may increase their opportunities of signing a contract. It can provide several advantages for both the SME exporter and the importers which are explored below. Advantages […]
60 Seconds On… Working Capital
Working Capital: A Quick Summary A business’s working capital (WC) reflects the amount of cash it has at its disposal and can deploy almost immediately. Working capital is critical for any business. It is used to keep a business operating smoothly and meet all of its financial obligations within the coming year. This includes paying its trade creditors for its day-to-day […]
How to Proactively Manage Late Payment and Safeguard Cash Flow
Business survival is all about cash flow. Businesses can keep going as long as they can pay their bills. It has been some time since the Prompt Payment Code came into force and we take a look at what this means for SMEs. Here, Accelerated Payments share our insights into the issues around late payment and what small businesses can do today to safeguard […]
Dispelling 5 Common Receivables Finance Myths
Introduced over 4,000 years ago, when King Hammurabi ruled over Mesopotamia, invoice finance is one of the oldest forms of commercial finance. The modern-day version of invoice financing can be traced back to the 1300s when money in Italy was offered against payment and delivery of grain. Fast forward to 2019 and the estimated volume of invoice finance […]
Invoice Finance: choosing the right provider when you’re a fast-growing tech company
Fast growing businesses can often struggle to raise enough finance to keep up with their demand for working capital. The situation, sometimes referred to as over trading, occurs when a company is taking on new business faster than it can afford to fund that business. It’s a cash flow issue made even worse by late or slowing paying customers. Invoice finance […]
Using Invoice Finance to Manage your Cash Flow
Managing cash flow can be frustrating, time consuming, and an expensive problem for any business at the best of times. Now with many businesses struggling to meet working capital challenges due to Covid 19 – unexpected costs, late payments and international borders – the problem just got bigger. During growth, businesses are inevitably left short […]
