Posts Tagged ‘Invoice Management’

UK Small Busineses - Startling Facts!!

Monday, April 14th, 2008

sources:

The Times, London 14th April 2008, http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article

Importance of SMEs to the UK:

4.3m SMEs, 97% employ less than 20 people, 12m people work in SME sector - 500, 000 SME New Start Ups Every Year!

Vulnerability of SMEs to cash flow problems caused by customer late Invoice payments:

Over 10% of SMEs collapse due to late or non-payment of invoices

Mutual Opportunities

A great opportunity for Woosabi to enter this SME Market but equally a great opportunity for SMEs to use Woosabi to help maintain and grow their businesses while controlling cash flow through Woosabi’s built-in Invoice Management system