Jason Cheng ACMA CGMA

Calling all Xero users: Are late payments keeping you up at night? 😩💤 If so, this is just what you need 🚀 Late payments are an ongoing headache for SMEs, with the UK alone facing a staggering £55 billion in overdue invoices. 💸 But fear not, because Chaser can help you 🧡 In Chaser’s Learning Center, you will find the "Boost your cashflow with Chaser and Xero" video 🎥. Here's a sneak peek 👀 ✅ Discover why chasing payments is more than just a hassle—it's a drain on resources, with SMEs spending a hefty sum each month just to chase late payments 🔍 ✅ Learn how disorganized accounting practices can aggravate cash flow problems and put your business at risk 📉 ✅ Dive deeper into how Chaser takes Xero to the next level with comprehensive payment solutions, automation with a human touch, and Chaser Collections—a compassionate approach to debt recovery that preserves valuable customer relationships 🚀 Don't let late payments hold your business back 💡 Watch the full video or speak to a member of the team to see how you can take your business to the next level 💼💰 https://hubs.li/Q02vGsXZ0 #cashflowmanagement #SMEs #Xero #businesssolutions

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Does paying your suppliers late can impacts your business? Yes! Partnerships are built on trust and relationships. Late payments can damage the trust you’ve built with your partners. Late payments to your suppliers can lead to: - Strained Relationships - Higher Costs - Damaged Reputation - Limited Choices In our latest blog we have covered how paying late to your suppliers can impact your business and how you can avoid it? #cashflow #latespayment #avoidlatepayments #workingcapital #FactoringFinance

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Heading to Accountex North next week? If getting paid on time feels like an endless struggle, we’ve got something you need to see. 👀 Swing by stand C16 and find out how Adfin is transforming the way businesses collect payments—faster, easier, and more affordable than ever. Curious? Here’s a sneak peek of what Adfin can do for you: 🧠 Intelligent payment chasing: Automated workflows that follow up on unpaid invoices, so you don't have to. 💡 Cost-effective payments: Lower transaction fees and streamlined processes that make every payment more affordable. 🔗 Seamless integration: Whether you’re using Xero, Intuit QuickBooks or other accounting software, Adfin connects smoothly to keep everything in sync. Visit us for a live demo and see first-hand how Adfin can transform your payment collection process.  #AccountexSummitManchester #Fintech #PaymentsSimplified

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💰 The Need for Late Payment Reform With late payments rising by 57%, the UK’s business community needs urgent reforms to protect SMEs from financial strain. Despite regulations like the Late Payments Act and Prompt Payment Code, delayed payments continue to cripple small businesses with 33% of invoices taking over 90 days to be settled. The new Labour administration promises to “stamp down” on late payments, but will it be enough? We break down what businesses can do to reduce the impact and manage risks. ▶️ The late payment scandal: https://lnkd.in/eHypu3kF #BusinessReform #LatePayments #UKBusiness #OpusInsights #SME #LabourGovernment #BusinessRescue

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Switching Invoice Finance providers can help inject more than just funding into a business. That's why our teams make switching to Ultimate Finance as seamless as possible to help keep businesses moving. Find out more in our latest article: https://okt.to/UntRTi #InvoiceFinance #BusinessFunding

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What is the fair payment code? Read more if you missed the news.  Replacing the prompt payment code, the new system is stronger and set to encourage businesses across the UK to pay on time.  Cash flow is crucial to a business's growth and potential success. Late payments disrupt the cash flow cycle, preventing a business from paying its bills and honouring its financial commitments.* The construction industry faces multiple challenges owing to late payments, which cause supply chain issues and financial constraints.  Swipe right to discover the new fair payment code and how it can help the construction industry.  Read more about UK construction payments in an article by our guest author David Jones, from the Institute of Construction Management, on page 26 of Insight Magazine: https://lnkd.in/ehE4nTZV *Source: https://lnkd.in/dZ8WwZbE  #ConstructionPayments  #Subcontractors  #ConstructionManagement  #PaymentSolutions  #FairPaymentCode  #CashFlowMatters  #SupplyChain 

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Thanks App Advisory Plus for highlighting our latest launch! UK businesses using Xero can now simplify bill payments with ApprovalMax Pay (Beta), directly from our platform. It’s the smarter, faster, and safer way to manage your finances. Read more about ApprovalMax Pay in our latest blog post: https://lnkd.in/dq-smPQj #AR #AP #Pay #FinancialControls

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Say goodbye to late payments with Paycada 🚀 Late payments are a major challenge for businesses, but with Paycada, our clients like Izzi Rosenberg ACA have streamlined their invoice management resulting in timely payments and financial clarity. We're reminded why we do what we do - helping businesses turn the tide on overdue invoices and enhance their cash flow. Ready to tackle late payments? Discover the difference Paycada can made to your AR process: https://lnkd.in/er_F7e7i

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Modulr Expands Xero Integration with Payroll Services to Address Industry Challenges Read the full story here: 👇 https://lnkd.in/eQCfnnca #payroll #payments #fintech #fintechboostup

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We’re thrilled to announce our new partnership with Clear Books, one of the UK’s leading online accounting software providers. Now, Clear Books customers can access TRIVER's cash flow financing solution right from their Clear Books dashboard. In a click, businesses can advance their invoices, boosting cash flow instantly. Clear Books always prioritises simplifying finances, and we’re proud to support their mission by making flexible financing available at the point of need. This partnership means SMEs across the UK don’t have to worry about their working capital and can focus on what matters most - growing their business. We look forward to supporting Clear Books’ customers and enabling their success with seamless cash flow solutions. Here’s to empowering UK SMEs together! #ClearBooks #TRIVER #FintechPartnerships #UKSMEs

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AI and machine learning-how will it effect us? 2pm on 15th May at Accountex London on the App Advisory Theatre (Theatre 9) 🤖 The future of AI and machine learning and what it means for accountants and bookkeepers Join Will Farnell and Dext's Stephen Edginton for a fireside chat on tech’s future and its impact on accountants, bookkeepers, and clients. #accounting #bookkeeping #ai #mt

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Do you need daily payments?  In Partnership's bespoke software and business advisers will help reduce management time, increasing business efficiency and freeing up time for clients. There are even daily payment runs to keep your cash flowing. Please let us know if you have any questions. #InPartnership #WorkingTogether #Financial Network

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UK small business sales growth continued to slow over the last quarter (July to September), not helped by rising late payments times, according to the latest Xero Small Business Insights (XSBI) data from Xero, the global small business platform. This quarter, small retailers continue to experience weak sales growth, while hospitality had its softest summer sales growth since the pandemic lockdowns of 2020. Small businesses are yet to see the impact on consumer spending following the Bank of England's decision to cut the official base rate by 0.25 percentage points in August. Find out more on the Zyla blog: https://lnkd.in/eznpvyV6 #smallbusiness #hospitality #xero #businessinsights

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