As
the U.K double-dip recession is
deeper than originally feared it is imperative for any surviving
business to help increase and improve cash flow.
The
latest revised figures show a sharper decline in the U. K’s
economic output during the first three months of this year and with
many stating that the U. K’s economy is in a recession with two
consecutive quarters of negative growth. The corporate sector has
come under fire for "sitting on cash" rather than making
investments in infrastructure.
However, despite all this, Prime minister David Cameron has announced an £82 million scheme to help young people wanting to start up a business. Initiative like this could lead to 300,00 or more business being created which would help boost the economic growth here in the U.K
If the United Kingdom had the same rate of entrepreneurship as the US then there would be 900,00 more business which would critical in the repair and growth of the economy.
Even with the new government scheme to help young entrepreneurs, loans still have to be paid back after five years and with interest at 3%. Making sure a new business generates profits is paramount to its survival.
Utilisation of an open payment system would help to increase cash flow and therefore maintain a healthy turnover. The Open payment system can be used for any online payment, mobile, payment telephone payment or plug in payment system.
Here are just a few benefits:
Security
1. PCI DSS Compliant - Level 1 certification
2. 3D Secure - Verified by Visa and Mastercard source card
3. Backups - OPS makes live backups of all transactions and date that are stored within it
Online
1. Customers can make a payment from any desktop computer and browser at any place and at any time
2. Customers will be able to pay their invoices on the internet
3. Your bank account will be credited directly with payments.
Mobile
1. Provides real-time reports of cash takings before your staff get back to the office
2. Ideal for sales forces who need to close the deal
3. Field based staff can access customer account history and activity
However, despite all this, Prime minister David Cameron has announced an £82 million scheme to help young people wanting to start up a business. Initiative like this could lead to 300,00 or more business being created which would help boost the economic growth here in the U.K
If the United Kingdom had the same rate of entrepreneurship as the US then there would be 900,00 more business which would critical in the repair and growth of the economy.
Even with the new government scheme to help young entrepreneurs, loans still have to be paid back after five years and with interest at 3%. Making sure a new business generates profits is paramount to its survival.
Utilisation of an open payment system would help to increase cash flow and therefore maintain a healthy turnover. The Open payment system can be used for any online payment, mobile, payment telephone payment or plug in payment system.
Here are just a few benefits:
Security
1. PCI DSS Compliant - Level 1 certification
2. 3D Secure - Verified by Visa and Mastercard source card
3. Backups - OPS makes live backups of all transactions and date that are stored within it
Online
1. Customers can make a payment from any desktop computer and browser at any place and at any time
2. Customers will be able to pay their invoices on the internet
3. Your bank account will be credited directly with payments.
Mobile
1. Provides real-time reports of cash takings before your staff get back to the office
2. Ideal for sales forces who need to close the deal
3. Field based staff can access customer account history and activity
Telephone
1. Transfers can be transferred from one account to another by making a telephone call
2. Customer does not need an internet connection to make payments
3. This is system is extremely useful for call centres
4. Fully compliant with the disability Discrimination Act
Plug in
1. Transactions can be posted directly to sales ledger via a simple file transfer
2. Full analysis of of refunds, rejections and transactions
3. Accepting payments on account is made easier
1. Transfers can be transferred from one account to another by making a telephone call
2. Customer does not need an internet connection to make payments
3. This is system is extremely useful for call centres
4. Fully compliant with the disability Discrimination Act
Plug in
1. Transactions can be posted directly to sales ledger via a simple file transfer
2. Full analysis of of refunds, rejections and transactions
3. Accepting payments on account is made easier
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