3. Managing cashflow
Our own research shows that since the EU Referendum an increasing number of businesses are struggling to effectively manage cashflow. Additionally, we know that more businesses today are suffering from bad debt, due to non-payment from customers.
It’s for these reasons that we have pledged our commitment to the Government’s SME Finance Charter, to ensure that SMEs can access the cashflow solutions they need to support their business through Brexit and beyond.
Speak with your finance partner about the options they can offer to help alleviate challenges associated with cashflow issues. Some will offer specialist import (Trade Finance) and Export Finance services, helping you to trade overseas with confidence.
Additionally, some providers will offer bad debt protection to ensure that your business is insulated against the impact of customer non-payment or protracted default.
You can read more about the cashflow solutions we provide here, including our support for SMEs trading overseas.