Credit, collections & insolvency news
Technology and software are an essential part of business today. This is especially true in the accounts and credit management worlds where organising and sharing data, tracking orders, scheduling tasks and managing workloads are key to long-term success and growth. The type of software used to manage these processes, and store the data they generate,…
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The impact of late payment on suppliers has always been well documented. But, what’s rarely talked about is the impact that not paying on time has on the business which chooses to skip a payment deadline. With rising business costs, late payment and economic uncertainty high on businesses’ minds it can be tempting to delay…
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Debt purchaser, Lowell has announced the appointment of John Pears, to the new role of UK Managing Director. Pears will join the business later this year, subject to formal approval from the Financial Conduct Authority. Pears will join Lowell’s UK and Group Executive teams and report to Group CEO, James Cornell. He will take charge…
Read moreIrish regulator, The Competition and Consumer Protection Commission (CCPC) has published a detailed report analysing the Personal Contract Plan (PCP) car finance market. Prompted by the growing popularity of this type of finance, the large sums of money involved and the complexity of the agreements, the CCPC began a study of the market in July…
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Young people across the UK are slashing spending to make ends meet at the start of the year, according to the latest Lloyds Banking Spending Power Report. In the monthly Ipsos MORI survey of over 2,000 bank account holders in the UK, 60% of all consumers say they have changed their eating and going out…
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Cash process specialist, Onguard has announced that it has expanded its management team to help create growth in the UK market. Wolter Kreun has been appointed Manager Professional Services to strengthen the management team. Martin de Heus VP Sales also joins. De Heus succeeds former Sales Director John Scholte. Bert van der Zwan, CEO at Onguard…
Read moreFraud prevention service, Cifas, has released new figures showing stark increases in the number young people acting as ‘money mules’ and those falling victim to identity fraud. The data has been released to coincide with the launch of new anti-fraud lessons plans, developed by Cifas, in association with the PSHE Association, the national body for…
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