10 Financial, Legal & Accounting
22ND APRIL 2024 BUSINESS GUIDE DISTRIBUTED WITH Helping solve SME cash flow problems
SMEs are caught in a financial pincer movement, with inflation and high interest rates on one side and a tightening credit market on the other. Mastering cash flow manage- ment is more crucial than ever, but navigating financial options can be complex and overwhelming. Some of the challenges faced by businesses include: • Customers taking longer to pay invoices in full
• Significant bad debts being written off
• Increased difficulty in accessing finance
Tis is further destabilised by
an alarming insolvency rate — the highest in 30 years — spotlighting the harsh
trading conditions
and high operational costs SMEs are facing. A recent survey by Bibby Finan-
cial Services of 1,000 SMEs shows businesses are struggling*: • Only 57% of SMEs are profitable today
• 68% of SMEs say customers are taking longer to pay invoices in full
• 53% of SMEs say it’s more diffi- cult to access finance than it ws six months ago
In the current economic climate,
SMEs’ approaches to navigating the complexities of cash flow, profita- bility and investment must shift to finding accessible and sustainable funding solutions. One such solution is invoice finance, which unlocks the value of outstanding invoices and transforms
working capital, improving cash flow and financial flexibility. Where traditional loans fall short,
invoice finance provides accessible business funding to bridge the gap between current challenges and future growth. Invoice finance is a scalable solution that aligns with the business’s sales volume, making it an ideal tool for SMEs seeking to maintain
operational continuity
and capitalise on growth oppor- tunities without the burden of traditional debt. By integrating invoice finance into their finan- cial strategy, SMEs can effectively manage the cash flow gap between invoicing and payment receipt, ensuring a stable and resilient financial foundation. To unlock the true potential of
invoice finance, Guavas Finance has partnered with a large panel of the best providers, including Bibby Financial Services, a trusted and experienced funder special- ising in tailor-made solutions for businesses. With years of experience under its
them into immediate
belt, Guavas Finance prides itself on a deep understanding of the financial landscape and the unique challenges businesses face. It believes there’s no ‘one-size-fits-all’ in business financing, and endeavour to under- stand each business deeply, consid- ering its specific needs, goals and challenges. Choosing Guavas Finance to compare terms and connect you with the best funding partner means partnering with experts dedicated to businesses’ growth.
Get a free invoice
finance consultation from an experienced broker by scanning the QR code below
*Source: SME Confidence Tracker: Q1 2024, Bibby Financial Services
T: 01992 918880, E:
funding@guavas.co.uk or visit:
guavas.co.uk
Fintech fuels financial revolution for consumers
See NayaOne’s platform in
action. Request a demo now
customer experiences and tapping into new markets,” says Karan Jain, CEO of NayaOne. Furthermore, NayaOne’s compre- hensive fintech marketplace and developer tools facil- itate robust collabora- tion between financial institutions and fintech developers. Tis ecosys- tem-driven approach not only accelerates product development and market readiness but also encour- continuous adaptation
ages
In the fast-paced world of financial technology, institutions face the dual challenge of keeping up with rapid technological advancements and evolving consumer expecta- tions. Innovative technologies such as automation, cloud computing and blockchain are transforming finan- cial services, enabling organisations to optimise operations, enhance data management and significantly
reduce costs. Tese technological improvements not only stream- line processes but also minimise errors and operational inefficiencies, fostering better consumer experi- ences and financial inclusion. NayaOne
stands at the
front of this transformation, acting as a pivotal fintech enabler
fore- that
empowers financial institutions to quickly adapt and innovate.
By providing a secure sandbox platform, NayaOne allows these institutions to discover, evaluate and seamlessly integrate cutting-edge fintech solutions. Tis capability is crucial
for maintaining competi-
tive advantage and accessing new revenue streams in an increasingly digital marketplace. “Our platform ensures that banks can deploy inno- vations quickly, offering superior
to market shifts and consumer needs. Trough this platform, insti- tutions can co-create innovative financial products and services, dramatically shortening innova- tion cycles and staying agile in a dynamic environment. “Digital platforms and advanced
data analytics enable us to deeply understand and meet customer needs, enhancing satisfaction through personalised offerings,” notes finance expert Jane Hurley. Indeed, innovative fintech solutions
E:
contact@nayaone.com,
nayaone.com
like mobile banking, AI-driven personalisation, mobile money and peer-to-peer lending are crucial for bridging the gap for the under- banked, making financial services more accessible and equitable. As consumer demands evolve,
the digital transformation of the financial sector becomes not just beneficial but essential. NayaOne’s role in this transformation is to ensure that financial institu- tions can effectively navigate the fintech landscape, fostering partner- ships that unlock groundbreaking possibilities and deliver substantial value to consumers. In summary, NayaOne is driving the financial services industry towards a future where innovation, inclusion and effi- ciency aren’t just goals, but realities.
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