Now more than ever, companies will need alternative finance methods to grow
Access to finance has always been a critical issue for businesses, in particular small and medium-sized enterprises (SMEs). The lingering aftermath of Covid-19 has only exacerbated this problem. Traditional sources of finance, such as bank loans and overdrafts, have become increasingly difficult to access. This is due to banks tightening their lending criteria in response […]
Accelerated Payments hits $1 Billion funding milestone
Accelerated Payments can today announce that we have advanced an astounding €1 billion worth of invoice financing, shortly after celebrating our fifth anniversary. The €1 billion milestone comes as we triple our workforce and extend global reach, with offices in Europe, the UK, Canada and the USA. The total also highlights the massive liquidity […]
How to survive long payment terms as your business grows
Many Small and Mid-Corporates across the globe continue to struggle with late payments for invoices that are due in 30 days. Unfortunately, the problem is even bigger for many companies where the terms of payments stretch for up to three months. The ‘knock-on’ effect of long payment terms can be catastrophic for businesses even when […]
Time out with… Head of North America, Neil McMillan
In Accelerated Payments latest Time Out With… we caught up with Neil McMillan, who started his finance career in Glasgow, Scotland. Neil took his career to England, then eventually to New Zealand and Australia before moving to Canada. Neil’s career has taken him pretty much around the globe. What attracted you to join Accelerated Payments […]
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 […]
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 […]
The impacts of 2020/2021 on SMBs and 2022 predictions.
We asked SMEs their opinions on several topics that have impacted their business over the last 24 months. The results of the survey are below and outline the challenges faced by SMEs in managing cashflow through both a pandemic and the added complexities brought on by Brexit. The impact of late payments Late payments have […]
Time out with… Laura O’ Gorman
What drew you to a career in marketing? My first two years studying business at Waterford Institute of Technology were more around general business: economics, accounting, law and marketing. This gave me a flavour of the business industry as a whole. In the third year we were encouraged to pick a stream to specialise in […]
CEO, Ian Duffy Opinions on Government Support Initiatives
In terms of business and economic impact, extension of the government support initiatives is a stay of execution for the SME sector. It may extend lifelines for SMEs for an additional three months, but the market will eventually need to return to being predominantly funded by the private sector. So, an extension does not lessen […]
Navigating the Alternative and Speciality Finance Landscape for Canadian SMBs
What does the current SMB finance landscape look like in Canada? The Alternative/Specialty Finance industry in Canada remains a fragmented marketplace with both strong regional and national brands active today. The dominance of the large public financial services providers remain solidly in place, however the nimbleness, risk-tolerance factor and technology orientation of the Specialty Finance […]
