Covid-19 has seen businesses need to make a huge amount of changes. With many now adjusting to remote working, needing to lay off staff, or struggling to maintain a healthy cash flow - Chaser is here to provide all the support we can.
We’ll be continually updating this blog with free resources and advice, to help support businesses with their cash flow during these uncertain times. As a small business ourselves, we understand the strain and uncertainty you may be under, and want to do everything we can to help!
Maintaining a healthy cash flow and running effective credit control during Covid-19 is not straight-forward. Many customers are going to be facing difficulties of their own, and may struggle to pay on time.
When chasing customer payments during these uncertain times, it is important to remain empathetic to what they may be going through. In some cases, this could mean being open to alternative payment arrangements, such as extended payment terms or agreeing payment plans.
Chaser’s CEO & Founder, David Tuck - with nearly 15 years experience in credit control, has also provided some guidance on adapting your credit control function during Covid-19.
You can reach out to Chaser for Covid-19 related credit control and cash flow questions, and we’ll be on-hand to provide tailored advice. We’d also love to hear from you about any further support or content you may find valuable!
During such uncertain times, it’s now more important than ever to know how much cash you’ll have in the future. Our friends at Float (a cash flow forecasting app) have put together some really useful content, including a 6-step guide to cash flow forecasting during Covid-19.
In response to the problems faced by small businesses during the pandemic, we are providing free outsourced invoice chasing and coaching through our new initiative. You can benefit from the Cashflow Recovery Initiative if your accounting system is Xero, Quickbooks Online or Sage Business Cloud Accounting (Sage Live).
We’ll continue to update this blog with our latest free resources and advice to support you with your cash flow during these uncertain times. In the meantime, you can also reach out to us at advice@chaserhq.com - we’re happy to help!