How SMEs can stay ahead of the game in 2018
2018 will be a challenging year for UK businesses; there are further smaller interest rate increases planned for the year - helping to bring the inflation rate back down to its 2% target. Although borrowing would become more expensive, interest rates are expected to remain low to increase businesses and consumers to borrow and spend more.
Another curve ball heading our way is the General Data Protection will be formally introduced 25 May 2018. GDPR regulations require all organisations - no matter what their size - to meet fairly stringent regulations as to how they handle personal data. There are pretty hefty fines for those that fail to comply. Most successful businesses will agree that its database is one of its biggest assets, and how GDPR is managed internally will be vital.
This year also sees a focus on Gender Pay Gap Reporting where larger businesses (those with over 250 employees) will be required to publish their gender pay gap data (by 4 April).
And we've not even mentioned Brexit. With the final terms as to how we exit the EU still being fleshed out, challenges and opportunities will no doubt arise, so it is more important than ever for firms to remain flexible as to how these might be approached.
In order for SMEs to be able to adapt to shifts in business, they must exercise diligence: knowing their suppliers' capabilities, understanding the stability of their customers' finances, executing credit checks to make sure cash flow remains healthy. Databases need to be watertight with up to date information. Our Credit Information Pack is a strategic resource that will provide the answers to the above questions. For £49.95 per annum (https://www.identeco.co.uk/packages) the portal can be accessed an unlimited number of times, allowing you to remain flexible, prepared and responsive to an unpredictable 2018.
What our customers say
The team at identeco have been a pleasure to deal with and have gone above and beyond to deal with our bespoke needs. They have enabled us to improve our business strategy and make us feel more comfortable in the businesses we are trading with. I would not hesitate to recommend their services to any business that require such piece of mind when trading in the B2B market space. We look forward to being a valued client for many years to come
Bobby Russell
Managing Director at Contact FinanceWe have used identeco's service for several months and found it to be excellent value for money.
Sean Hemmings
Credit ReformBrilliant product and team. This is our second year using the product and it has been very useful. The identeco system itself is user friendly, with large levels of easily readable and useful information. The supporting team are friendly and knowledgeable.
Kevin Billingham
CFS Representative Senior at FedEx Express UK LimitedI've used identeco several times now and it's provided me, as a freelance Social Media Manager, with a huge amount of reassurance when considering taking on new clients. I've been able to check their financial status and I can be pre-warned if they don't have a favorable payment history!
Laura
Social Media Manager at Virtually SavvySuch excellent value for money. I use the portal everyday for checking out business stability. Marketing lists have enabled me to reach my audience and increase business growth
Sonya
Managing Director at Adore Your OutdoorsThe interface is really easy to use and the information available on companies performance helps us decide to extend credit and on what terms. The mail data available is an added bonus and the annual cost is amazing. Customer support is real people. and I cannot recommend a credit check and business support package that is better value
Guy Sinclair
Managing Director at Modus Agencyidenteco is a great platform for any business. It provides a great service and at a great price. We were slow to start but now use the service at least once a day. The team even set up a free training session to ensure we get the best from the software.
Andy
Managing Director at Hayward MillerVery good
EU Radici Ltd
Fantastic Product. For the price, I had a slight reservation as to how helpful this was going to be. I should NOT have been worried - 5 Stars and an Excellent Product!
RJ
Ops Director at Richard Jefferies LimitedGreat product, great service - Easy to use tool that helped our marketing campaign. The data was good quality and very useful. Customer service was really quick and efficient whenever I had a question, which makes the whole thing even better!
Ceri Rogers
Managing Director at NS Events Group LtdService is good, and the turnaround for traces is fast. Highly recommend.
Rebecca
Legal Clerk at Ward HadawayI have used the service on a few occasions to check out businesses details and have been impressed by their service and how thorough the details are. With one particular company highlighted to me that it was not safe to do business with them - so it made me think twice about engaging them. Their customer service is excellent too and all the staff are extremely helpful if you get stuck.
Sadie Skipworth
Social Media Manager at Sadie Skipworth Social MediaExcellent, friendly service with fast turnaround of the results. Just what I was looking for!
Alison Miller
Senior Research Executive at Scott Porter ResearchBeing able to obtain information in one place saves time, and the fee charged on an annual basis is cost effective.
Mike
Managing Director at Debt Solve UKThe portal has become an intrinsic part of our account opening process; giving us the ability to understand credit terms for our customers and set them accordingly. For the price, it's become invaluable to our business.
Oliver
Sales Director at CJUK
