Four in ten small firms affected by cashflow
Research by Amicus has shown that four in ten (38%) small and medium sized businesses (SMEs) have suffered cashflow problems over the past two years.
The figure rises to two thirds (65%) among medium sized firms with between 50 and 250 staff.
Amicus Commercial Finance provides a revolving working capital facility based on a proprietary invoice discounting platform, using the latest technology and data extraction methodology.
This ‘intelligent cashflow’ solution integrates with a business’s accounting system, reconciling sales in real time.
John Wilde, managing director of commercial finance at Amicus, said: “As working capital and cashflow are by their very nature dynamic, most traditional systems have failed to keep pace over the last few years.
“We have taken a fresh tech-driven approach that builds on some of the lessons learned in the fast growing alternative finance sector.”
According to the study nearly three quarters of small businesses say cashflow is the biggest risk they face.