Integration of Information system & Business(Business Analytics annd Business Intelligence)
THE TWO BIGGEST BARRIERS TO GROWTH ANND HOW TO …
Transcript of THE TWO BIGGEST BARRIERS TO GROWTH ANND HOW TO …
THE TWO BIGGEST BARRIERS TO GROWTH
ANND HOW TO OVERCOME THEM
URICA IS FUNDED AND SUPPORTED BY
LACK OF FINANCE
CERTAINTY OF PAYMENTS
LACK OF FINANCETHE FIRST BARRIER TO GROWING YOUR BUSINESS
LACK OF FINANCE
Globally, suppliers face an uphill battle where debt is the Achilles' heal
large businesses need to define and control their credit terms in line with their business
objectives, this often leads to the need for extended credit terms
mid-size businesses are forced to pass through the pressure and remain cash neutral
small businesses are the largest net providers of credit into the system, and are often
forced into using debt products, such as invoice factoring to shoulder the supply chain
on the UK economy
“The delays in paying invoices is a continuing serious problem for SMEs. Large companies are a problem and this
action cascades down the supply chain. In addition with the lack of real financial support from the banks, these are
issues the EIA has been lobbying on behalf of SMEs in meetings at the Bank of England…”
“URICA… the end of invoice discounting.” – Sir Ronald Halstead
debt
credit flow
growth
THIS PROBLEM COMPOUNDS
WHEN YOUR CUSTOMERS
ARE OVERSEAS
LACK OF FINANCE
BANKS TRADE FINANCE ALTERNATIVE FINANCE
WANT SECURITY
NOT EVERYONE’S FRIEND
DON’T REALLY UNDERSTAND
RECOURSE
EXPENSIVE
DEBT, DEBT, DEBT
SOME WILL SOME WON’T
WANT SECURITY
EXPENSIVE
WANT SECURITY
EXPENSIVE
SLOW
TAKE ASSIGNMENT
LACK OF FINANCE
CERTAINTY OF PAYMENTSTHE SECOND BARRIER TO GROWING YOUR BUSINESS
if you don’t have certainty of payment, then going global could be the end of your business
• it’s much more difficult to chase overseas customers
• language barriers cause delays
• you end up working on trust, if you don’t have a way of getting certainty
IT CAN BE A LONG JOURNEYFROM WHEN YOU SUPPLY THE GOODS AND WHEN YOU ARE PAID!
“If they can crack this nut, then they can really solve a problem. URICA, are looking for the ‘holy grail’”
– DR Michiel Steeman, professor of supply chain finance, Windesheim
LACK OF FINANCECERTAINTY OF PAYMENTS
HOW DO YOU
CREDIT
CHECK YOUR
OVERSEAS
CUSTOMERS?
WHOSE LAW WILL YOU
USE IF THERE IS A
DISPUTE?
ONCE THE GOODS ARE
SHIPPED OR SERVICES
PROVIDED WILL YOU
JUST CROSS YOUR
FINGERS?
IF YOUR CUSTOMER
WON’T PAY ARE YOU
ABLE TO AFFORD THE
LEGAL COSTS?
CAN YOU AFFORD TO
GAMBLE WITH
EXPORTING?
THE SOLUTIONONE SIMPLE SOLUTION TO BOTH BARRIERS
more than 75% of businesses say they would take a small discount if their customer offered them early payment
but that’s not going to happen as businesses hang on to their cash hoards to pay down their own debt
URICA! A global supply chain funding network, the Facebook of finance offer the solution to both late payment and the lack of support from
banks and other financial providers. Potentially viral, like Facebook users connect their business networks both up and down their supply
chains removing the need for debt
launched in 2014, with the backing of the UK Government, it’s a common sense way to do business on better terms. But more, URICA is an
online, real time, cloud based platform that connects companies to a strategic alliance of global players and provides a holistic solution
BETTER TERMS
“It’s so innovative it could only have been thought of in Britain”
– Lord Digby Jones, former Minister of State for UK Trade & Investment,
Director General of the CBI and advisor/director of several of the UK’s leading businesses.
URICA
URICA
EXPORT FINANCE
SUPPLY CHAIN FINANCEEARLY PAYMENT
IMPORT FINANCE
ANALYSIS
FIRST CHECK YOUR CUSTOMERS WITH URICA
WE GIVE YOU A LIMIT
WE CREDIT INSURE THE INVOICE
WORK WITH OVER 50 COUNTRIES
EXPORT FINANCE THE EASY WAY
HOW IT WORKS
CONNECT AGREE TERMS TRADE CONFIRM PAYMENT
CONNECT ACROSS THE URICA
NETWORK, SUPPLIERS CONNECTING
TO CUSTOMERS, AND CUSTOMERS
CONNECTING TO SUPPLIERS.
UK AND GLOBALLY
AGREE YOUR TERMS OF
TRADE. HOW SOON YOU
WANT PAYMENT AND HOW
LONG THE CUSTOMER
REQUIRES
EACH TRADE IS EVIDENCED
IN A LITE ELECTRONIC
LETTER (INVOICE)
WHEN BOTH PARTIES CONFIRM,
THE CREDIT RATING OF THE TRADE
IS UNDERWRITTEN BY EULER
HERMES, AND PURCHASED BY THE
BRITISH BUSINESS BANK AND A
GROUP OF INSTITUTIONAL BUYERS
AND THE INVOICE IS PURCHASED
YOU ARE PAID CASH,
INVOICE-BY-INVOICE, WITH
NO RECOURSE, NO
DEBENTURE, NO LOCK UP
AND NO PERSONAL
GUARANTEE
• URICA typically pays you 98% of the invoice value, as early as the day the invoice is sent to the customer.
• All businesses are offered the same rate regardless of their credit.
• The customer has up to 90 days to pay, may share in the economics, and at the same time has certainty in its supply chain and best terms – price, credit and reactivity.
URICA
50%
70%
25%
9045
CHOOSE HOW MANY OF YOUR CUSTOMERS YOU WANT TO USE
URICA WITH, ADD AS YOU GO
YOU CONTROL HOW MANY OF YOUR INVOICES YOU WISH TO
USE URICA WITH
AGREE ECONOMICS BETWEEN YOU AND
YOUR CUSTOMERS
SIMPLY SET HOW MANY DAYS AFTER INVOICING
YOU WANT TO BE PAID
AND SET HOW MANY DAYS CREDIT THE
CUSTOMER WILL HAVE
SUPPLIER
75%
CUSTOMER
HOW IT WORKSURICA
EASY TO ACCESS FUNDING
• Cash early payment of invoices
• no security
• invoice-by-invoice basis
• pick and choose your customers
CERTAINTY OF PAYMENT
• never worry about late
payments
• control when you are paid
• non-recourse basis
GLOBAL COVERAGE
• use URICA in 50+ countries
• grow at the speed you want
• remove your export risks
• you can be paid by URICA
before the goods leave the UK
EASY TO GET STARTED
• no application forms
• instant approvals
• start today
• your invoices can be in GBP,
USD and EURO
ITS NOT JUST FINANCE
• we’re helping businesses
change the way they sell
• URICA helps you win new
customers
• your business will ride out the
rough times
HOW IT WORKSURICA
MATTHEW MCDONNELL
RESIMAC
“If somebody had asked me two
years ago ‘what is the answer to
all your prayers for your export
business’, URICA would tick all
the boxes I had written down.”
MICK PINDER
CHESTERFIELD SPECIAL
CYLINDERS
STEVEN ROBBIE
PR AUTOMATION
“URICA makes all the difference
when dealing with our customers
and when we want to be paid.”
GAVIN JAMES
NUTZ AUDIO
“URICA is a true game changer in
the world of invoice financing.
It’s a term often over used in the
factoring industry BUT it is 100
percent true in this instance.”
CLIVE MAY
BRIAR-GROVE DEVELOPMENTS
“I would encourage any SME to
look into the cashflow benefits of
URICA without a shadow of
doubt.”
“URICA brings us closer to our
supply chain. We can help our
smaller suppliers who need 30
days. It doesn’t hurt us, our
cashflow isn’t exposed.”
JUST SOME URICA MOMENTS
READ THE FULL ARTICLES AND SEE MORE URICA MOMENTS AT www.urica.com
JUST SOME URICA MOMENTS
BOB DEAKIN
BENCHWORKS
“URICA’s platform showed an
actual understanding of the
needs of our business and
provides a much more flexible
service than other financial
providers.”
LAURA GREGORY
GREAT GUNS
“The brilliant thing about URICA
is the flexibility, meaning we can
choose the clients and contracts
we want to deal with, whilst
ensuring our small suppliers are
paid early.”
STUART GARNER
NORTON MOTORCYCLES
“The simplicity and ease of use of
the URICA platform is in a
different league to the banks.”
NEIL JARROLD
CREATOR
“Banks have an issue with what
we do, because is not tangible.
We provide a service, so if the
client doesn’t pay there’s
nothing to recover. URICA makes
the difference.”
STEVE LLOYD
STEVE LLOYD TIMBER
“I can grow without giving a
charge on my business,
mortgage on my house and first
call on my left kidney!”
READ THE FULL ARTICLES AND SEE MORE URICA MOMENTS AT www.urica.com
GET STARTEDTHERE IS NOTHING STOPPING YOU NOW
CONTACT
twitter.com/URICALtd 0044 (0)207 193 7616
URICA, 3 QUEEN SQUARE, LONDON, WC1N 3AR
www.linkedin.com/company/urica-limited
Plus.google.com/+UricaLimited