A leading UK accountancy software provider has teamed up with an invoice payment management service to help its customers get through the current economic difficulties. The new combined service from KashFlow and Getting Paid automates the process of reminding customers that payment is due and automatically implements procedures if the payment isnt received.
During an economic downturn, a lack of cash can cause a lot of stress and difficulties for small businesses. KashFlow was designed specifically to be used by small business owners to easily manage their accounts and closely monitor their company finances. It is designed to be simple to use for non-accountants, freeing-up their time and skills to concentrate on the core business activities. This is vitally important if a small business is to survive in times of recession. They don’t want to get bogged down in doing their bookkeeping, but nor should they neglect it.
Getting-Paid automatically sends reminders to customers, each message increases in severity until the invoice is paid. It is customisable so that the small business owner can be confident that the service does exactly what he requires. Like KashFlow, the system automates as much as possible, the time-consuming task of chasing customers for payment.
KashFlow Founder and Managing Director, Duane Jackson explained, “Almost everybody is concerned about the current economic situation, including the KashFlow customers I speak to. That makes integration with a service like Getting-Paid more useful than ever. By using this service our customers can concentrate on what they’re good at rather than spending time chasing payments”.
Technical Director of Getting-Paid, Peter Bowen, has experienced first hand just how soul-destroying chasing late paying customers can be. He said, “I don’t like confrontation and I tend to believe people too easily. It’s part of my genetic wiring. This makes it hard for me to be firm enough to do the right thing for my business. I’m embarrassed to say that I’ve harmed my business in the past by not being tough enough with debtors.”
Both KashFlow and Getting-Paid are excellent examples of the new wave of web-based software. Known as ‘Cloud Computing’, it is fast replacing the traditional software model that is expensive and labour-intensive. Cloud Computing offers much better value with advantages such as free online storage, mobile access, pay-as-you-go bespoke service etc. It enables the smallest of organisations to access the same quality of service as everybody else.
KashFlow is an online tool specifically designed to help owner managers in small businesses manage their accounts. KashFlow's aim is to take the boredom out of managing a company's accounts and to make the day to day tasks easier to achieve so that less small businesses neglect this area.
KashFlow keeps accounts management simple: it requires no installation, software training or prior knowledge of accountancy.
All users benefit from a free, no obligation 60-day trial. The monthly subscription price is £15.99 a month - including free support and upgrades.
For further editorial information, contact:
Dominique Gillespie
PR Manager
dom@kashflow.co.uk; 020 7403 0101
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In June 2008, KashFlow became the first accounting software package to be certified by PayPal for integration with its payment platform. PayPal and KashFlow now work in partnership to provide a seamless, end-to-end, payment processing and accounting system.
In October 2008 KashFlow won a Business Software Satisfaction award, judged entirely by customer feedback, for the category of small business accounting - beating the likes of Sage 50, Quickbooks Pro and MYOB. Statistics revealed by the awards organisers show that KashFlow has a 70% share of the web-based accounting software market in the UK.
KashFlow has received two rounds of venture capital funding from their now chairman, Lord Young of Graffham. Lord Young is a former Secretary of State for Trade & Industry and ex Chairman of Cable and Wireless.
KashFlow is simple to operate, with users instinctively knowing where to click to perform almost any accountancy task.
Owner managers are able to effectively manage their accounts with no need for software training or prior knowledge of accountancy.
KashFlow has been featured in the likes of the Financial Times, Daily Mail, The Daily Telegraph, The Mail on Sunday, BBC Radio and all the leading accounting titles.
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