Tag Archive: SMEs

Satago considers how invoice finance can help SMEs seeking investment in AccountingWEB

    For most businesses – especially SMEs – capital needs are often satisfied by a lump-sum debt injection or an equity investment. Both can result in funding way beyond what most SMEs need at any given moment, resulting in unnecessary challenges and complications.   Writing for AccountingWEB, Satago’s Steven Renwick and Julie Warren consider …

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ICC Banking Commission’s 2016 Global Survey reported in Moneyweb

Following the release of ICC Banking Commission’s 2016 Global Survey on Trade Finance, Moneyweb – the tier-one South African publication – has reported on the latest Survey’s findings. The Survey found that SMEs bear the brunt of the global shortage of trade finance, facing 58% of rejections for trade finance proposals. In addition, the rate …

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CWEIC’s Lord Marland in the Birmingham Post: With Commonwealth trade, Birmingham’s businesses have the edge

Chairman of the Commonwealth Enterprise and Investment Council (CWEIC) Lord Marland has written an opinion piece in the Birmingham Post where he argued that Birmingham’s businesses have an advantage when it comes to exploring Commonwealth markets after the Brexit vote. To add to the Commonwealth Factor that UK companies already stand to benefit from with Commonwealth trade, Birmingham’s distinctive …

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In light of the disappearing of the overdraft, Satago’s Steven Renwick asks ‘what next for SME finance?’ in Finance Digest

With the long-relied upon overdraft disappearing from the high street, many small- and medium-sized enterprises (SMEs) are struggling to finance working capital and effectively manage their cash flow – especially when the challenge of  late payments prevails. In light of these pressures, Steven Renwick, CEO, Satago, shares his expertise with Finance Digest on the ways …

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Steven Renwick, Satago, discusses the rise of selective invoice financing as an alternative to the overdraft in The Paypers

Despite comprising 99% of all UK businesses, small and medium-sized enterprises (SMEs) have become increasingly underserved by the banking sector in the post-crisis environment, with the withdrawal of overdrafts from the high street. Fortunately, a host of alternative lenders have stepped forward, many of which are leveraging developments in technology to offer new, valuable solutions …

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BNY Mellon’s Daniela Eder says inter-bank collaboration will help SMEs thrive in TFR

Accounting for 68% of the country’s exports, Germany’s 3.7m SMEs (or Mittelstand) are the backbone of the world’s fourth largest economy and have long been viewed as a blueprint for sterling business strategy and practice. But as the export landscape evolves at an astonishing rate – driven by advances in technology and globalisation – the …

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Steven Renwick discusses how Satago is leveraging technology to enhance credit control processes in PYMNTS

Late payments are a huge issue for many SMEs, with the problem so severe that it has become a key reason for insolvency in the sector. Through its all-in-one cash flow solution, which marries invoice finance and digitally-driven credit control capabilities, Satago aims to address this. In an in interview with PYMNTS, Satago CEO and …

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CWEIC’s Oliver Everett discusses opportunities for UK SMEs across the Commonwealth in Business Zone magazine

Business Zone magazine has featured an expert piece by CWEIC CEO Oliver Everett where he wrote about the many business opportunities open to UK SMEs across Commonwealth markets, and how the CommonwealthFirst initiative was encouraging and enabling them to do so. With UK SMEs playing an important role as dynamic and influential drivers of the economy, Everett explains why it is crucial they get the support …

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World Finance names Commerzbank ‘Best Commercial Bank in Germany’

Recognising the years spent assisting German companies engage in international trade, leading magazine, World Finance, names Commerzbank ‘Best Commercial Bank, Germany’ in  yet another award for 2016. The magazine notes Commerzbank’s comprehensive range of products and services to over 100,000 German clients, its role as the country’s leading financer of SMEs, as well as its …

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Satago’s Steven Renwick is the featured entrepreneur in Start Your Business

Satago recently launched its unique all-in-one cash flow solution, which combines invoice finance with a credit control platform to help address the issue of late payments. In a special Q&A for Start Your Business, Steven Renwick, CEO and founder of Satago, explains how Satago can genuinely improve SMEs’ financial health, what drove him to establish …

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