Facing Rising Employer National Insurance Costs? Here’s Why Cash Flow – and a Solid Debt Recovery Partner – Matter More Than Ever!

Attention, business owners: between inflation, rising operating expenses, and – now – an increase in Employer National Insurance (NI) contributions, it’s no wonder cash flow feels a bit… squished. And, let’s face it, keeping those finances on track can feel like juggling with one hand tied behind your back. But don’t panic yet – Mission^cc is here to help you. As your outsourced credit management and debt recovery partner we could be the solution you didn’t know you needed.

The (Not So) Fun Part: Rising Costs

The hike in Employer NI rates means more of your budget is getting gobbled up before it even sees the light of day. For cash flow, that’s like someone plugging a leaky hole with an even bigger hole! And with less cash available for essential operations, it’s a challenge to keep things running smoothly, let alone think about growth.

Why Cash Flow is King

You know the saying, “Cash is king”? When your cash flow is strong, you’ve got options: hiring, upgrading, expanding – the list goes on. But when cash is tight, everything slows down. Paying suppliers, making payroll, or even just buying a round of coffees for the team suddenly seems a bit… tricky.

The good news? Boosting cash flow doesn’t have to mean cutting corners. There’s a huge – and often untapped – opportunity in making sure those pesky unpaid invoices get paid. And that’s where outsourcing your credit management and debt collection comes in.

Enter Mission^cc

Outsourcing your credit management and debt collection to Mission^cc isn’t just smart – it’s strategic. Here’s why it works, especially when Employer NI is taking a bigger bite out of your budget:

1. Faster Payments, No Awkward Conversations: No one loves chasing overdue invoices (except Credit professionals, who are brilliant at it!). The team at Mission^cc know how to get payments moving faster, sparing you from those slightly uncomfortable “so… about that payment” conversations.
2. Boosts Customer Relationships (Yes, really!): At Mission^cc   we know how to balance diplomacy with determination, meaning clients respect the reminder without feeling pressured. Keeping the relationship strong and getting paid? Now that’s a win-win.
3. More Cash Flow, Less Headache: Hiring a full-time in-house team for credit management can be pricey, but outsourcing means you get expert service without the full-time price tag. That means more cash flow for what your business needs.
4. Freeing Up Your Internal Team: Imagine a world where your team spends less time chasing invoices and more time driving business forward. With Mission^cc as your Partner, your team can focus on what they do best – whilst Mission^cc focus on getting your payments in faster.

Don’t Let Increased NI Rates Drain Your Business!

In the face of rising costs, having the Mission ^cc team in your corner can help you reclaim control over cash flow. Get those invoices collected, keep your finances healthy, and make 2024 the year you tackle rising NI rates without breaking a sweat (or a budget).

Looking to keep your cash flow steady and make your life easier? Reach out to Mission ^cc and start seeing those overdue invoices get handled. After all, getting paid on time is always in style.