Unravel the hidden crisis of Cash flow with Populous World
Statistical data shows that Brits are establishing more and more enterprises each year. The UK is the world’s fifth-largest economy with around 5.7 million small or medium-size businesses registered, contributing an annual turnover of £1.8 trillion. However, the risk of cash flow mismanagement on these million small firms hangs like a sword.
to the European Union standards the SME’s are defined as ventures with 250 and
fewer employees and these companies either at the beginning of their journey or
in the middle of it, are often requires funding management to make sure it
doesn’t run out of cash flow mismanagement.
recent survey conducted by WePay SMB & Money Survey concluded (41%) of
small business owners had experienced cash flow challenges. The other 59%
agreed on the highly consequential impact of financial inability on their
disagreeing to a fat truth, SME’s are crucial to the UK’s economy and their
contribution is increasing every year.
comes to cash flow issues resulting from payment problems, small business
owners face different situations which are not in their control and at this
time a cash flow management is necessary to stay in the long run.
payment practices: a hidden crisis
payments can have a massive impact on a business, and one late payment can lead
to cash flow issues.
by Dun & Bradstreet on late payments identified that SMEs are inherently
more vulnerable to late payments and around 48% were at the risk of shutting
down due to late payments.
invoices can dramatically impact the cash flow of SMEs, as many of these
companies lack the deep financial reserves or access to capital, which can
bridge the gap in payments for large businesses. Ignoring this issue only perpetuates
invoice financing is
an effective solution provided by companies such as Populous World for
businesses to escape this financial crisis.
World endeavours to help business owners leap onto a stepping stone to grow and
nurture their existing company. When a customer defaults on a payment or takes
too long to pay, it can create a financial dent in your cash flow, making it
impossible for you to make ends meet and keep your business afloat.
SMEs that list invoices with Populous World are taken through a full tailor-made service, where the on-boarding process is carried out swiftly, and on-hand support is offered throughout the duration of the short-term funding required and is flexible to the terms that suit your business
Lou Chan, Head of Marketing, says, “we at Populous World are customer-obsessed, and we want to constantly improve and create a platform that business owners love and trust. Ensuring customer satisfaction is our priority”.