United Kingdom: Credit Control and Cashflow

The UK market continues to experience a mixed economic environment that is driving both restructuring activity and opportunistic dealmaking. Persistent cost pressures, higher borrowing costs than those seen during the previous decade, and ongoing geopolitical uncertainty have placed strain on businesses with leveraged balance sheets or tight cash flow positions. As a result, I have noted that many of my clients are seeking to refinance existing debt, renegotiate contractual arrangements, reduce operating costs, or undertake more formal restructuring processes.

It is a truism in business administration that almost all business entities – right from the small sole trader through to the multinational corporation – need to devote considerable time to generating new business as well as effectively servicing existing client needs. Those elements work in tandem, to help grow the business and to then maintain that customer base.

For accounts payable (AP) providers and platforms, delivering a seamless customer experience is crucial. Yet, a significant pain point for many users is the lack of payment visibility. When customers don’t have clear insights into their payment statuses, it can negatively impact cash flow management, budgeting, and reconciliation. Addressing this issue isn’t just a matter of convenience – it’s essential for fostering trust and loyalty.

The latest report from our Centre for Regulatory Strategy, EMEA outlines the new requirements around the exchange and holding of collateral, and sets out the best practices and advanced techniques to respond effectively to the resulting collateral management challenge.

As European IFRS reporters enter 2017, the first generation of Expected Credit Loss (ECL) models have generally been developed, and granular transitional impacts quantified.

If there's one aspect of running a business that's sure to frustrate, enrage and even keep business owners up at night, it's late payments.

As large corporations and government departments experience increasing pressure to control their costs, IT expenditure is under ever closer scrutiny.

The effects of the credit crunch, and stalling income growth from the deterioration of market conditions, are increasingly forcing financial services organisations to reconsider their cost positions.

In the current climate stories are emerging daily of situations where suppliers can no longer obtain credit insurance in respect of particular customers.