Being paid late causes business owners severe personal stress and huge professional damage. Why aren’t more firms using tech to get their bills settled on time?Many business owners across the United Kingdom are reporting that getting paid late is more of a concern to them than the country leaving the European Union. Late payment is the problem that just won’t go away for small and medium-sized businesses (SMBs).Eight out of ten SMB bosses fear they may not be able to cover their own work-related bills because of being paid late by customers, according to our recent research. More than half have had to dip into personal savings or use emergency finance to pay their company expenses as a result. Yet, far too few realise that changing up your tech stack could in fact be the cure to this all-too-common headache.Summertime - and the living isn’t easySummer is the worst time of year for getting paid, two-thirds of businesses say. In fact, almost half of SMB owners only take … [Read more...] about Can technology solve the problem of late payment for small businesses?
Financing for small business
Stan Choe, Ap Business Writer Updated 9:15 am PDT, Thursday, October 4, 2018 FILE- In this Jan. 19, 2017, file photo a customer crosses the street while leaving a shop along the main business district in Prairie du Chien, Wis., in Crawford County. Rising interest rates are already starting to bite into some businesses’ bottom lines, and the effect is likely to get stronger as the Federal Reserve continues to raise rates amid the strong economy. The Fed made its latest move last week, raising its benchmark rate by a quarter of a percentage point, and economists expect one more increase in December and at least a couple more next year. less FILE- In this Jan. 19, 2017, file photo a customer crosses the street while leaving a shop along the main business district in Prairie du Chien, Wis., in Crawford County. Rising interest rates are already ... more Photo: David Goldman, AP … [Read more...] about Rising rates not a problem, yet, for small businesses
The cloud is now a business-as-normal resource. Its rise to ascendancy has been rapid. What started just over ten years ago as a theoretical way of providing IT solutions on-demand is now a practical reality for both large and small firms alike.Global spending on the public cloud by businesses is expected to reach $160 billion this year, according to researcher IDC. Spending is forecast to grow 21.9 percent during the next five years, with total investment hitting $277 billion in 2021.Beneath those headline figures are subtle variations. The cloud is not a destination -- it's a set of services and features that can help a business achieve its aims. But what do those set of services and functions look like?From public to private and from containers to DevOps, the cloud can be confusing at first, as there is a large amount of technical complexity for newcomers. At a general level, the cloud is best-thought of as a shared pool of resources that end-users can provision rapidly over the … [Read more...] about What is the cloud? A simple guide for small businesses
SHOREVIEW, Minn.--(BUSINESS WIRE)--May 9, 2018--Deluxe Corporation (NYSE: DLX) announced that it recently acquired 100 percent of privately held LogoMix, a Boston-based provider of logo design and other small business branding and marketing services.Founded in 2006, LogoMix enables businesses and individuals to create and purchase custom marketing products for use online and offline. On LogoMaker.com, users can create a custom logo in minutes and, in one click, print their logo on business cards, signs, pens and other offline marketing products. LogoMix’s other marketing services include websites, business email, domains and Google Apps for Work.The LogoMix acquisition strengthens Deluxe’s fast-growing suite of innovative small business marketing services. Those solutions include website development and hosting, email marketing, social media, search engine optimization and logo design, in addition to the company’s industry-leading checks and forms offerings. The … [Read more...] about Deluxe Corp. Acquires LogoMix, a Provider of Custom Marketing Products for Small Businesses
TORONTO--(BUSINESS WIRE)--May 7, 2018--FreshBooks, the #1 invoicing and accounting software in the cloud designed exclusively for self-employed professionals and their teams, is announcing an integration with Microsoft Outlook. Soon, hundreds of millions of Outlook customers will be able to pay invoices and bills from right inside their inbox, with just a few clicks. Customers will be able to complete payments in Outlook using Microsoft Pay, a fast, easy and trusted experience. Over the coming months, Microsoft will enable this capability for FreshBooks’ customers sending digital invoices with Stripe and Chase as the payment service.Self-employed professionals accelerating move to digital paymentsSmall business owners using FreshBooks will soon be able to offer their clients the ability to view and pay their invoices within Outlook, without having to leave their email client. This will make it easier to pay invoices directly from any device, speeding up payment receipt for small … [Read more...] about FreshBooks Announces the Ability for Small Business Owners to Collect Payments Directly Within Microsoft Outlook with Microsoft Pay