One Minute Brief of the Day: Create posters to communicate the problems late payments cause to SMEs & how @Incomeing_ can help them get paid on time. #SolveLatePayments

Today we’ve got a brilliant brief with our Manchester-based neighbours Incomeing. As an SME (Small/Medium Enterprise) ourselves, we know that chasing late payments can be time-consuming, stressful and affect cash-flow which can make it difficult to grow. So, we will be using the Incomeing app ourselves from now on to make the process easier & more productive.

One of the most difficult parts of running a small business has been getting paid. Sometimes I’ll spend a day of my time emailing people to chase late payments. This is a cost in itself in terms of growth monetarily and in general as I could be spending that time improving the community or creating new partnerships. Companies often tell you that you need a PO number or to change the address on your invoice months after you’ve invoiced them and do what they can to delay payment as much as possible. This is unfair and harmful to businesses as they need to keep money coming in. I believe that it’s a problem for many other freelancers and SMEs too in the creative industry and beyond. Something needs to be done about the problem and I am pleased that we are partnering with Incomeing who are helping people get paid for the work they do, on time.
— Nick Entwistle - OMB Founder
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One Minute Brief of the Day: 

Create posters to communicate the problems late payments cause to SMEs & how @Incomeing_ can help them get paid on time. #SolveLatePayments

Tweet your entries to @OneMinuteBriefs & @Incomeing_ with the hashtag #SolveLatePayments

Remember to include your Twitter handle in the corner of your entries.

Prizes:

  • £200 cash prize for today’s winner!!

    (Paid direct to you through the Incomeing App of course!!)

About Incomeing

We believe that by making payments instant, cost-effective and secure we can solve a lot of the challenges that you and other small businesses face.

Small business owners deserve to be paid on time, with minimal fuss. We have designed Incomeing so that with just a few taps you can generate simple customer payment requests and receive your money instantly, all for one of the lowest costs on the market.

We understand

We know what’s important when you’re running your own business. We know this because we’ve done it ourselves. Incomeing was created to help small businesses like yours thrive. Our app makes it easy for people to pay for your services on time and gives you instant access to the money you’ve earned. 

It also reduces the time spent chasing late payments and tackling boring admin, so you can focus on what you love.

Supporting small businesses

We understand the pressures that sole-traders, micros and small companies face, and together we’re working hard to provide a simple service that helps you overcome your financial challenges and grow as a result. Regardless of who you bank with our service will help you get paid quickly at a price you will love - just 20p for each successful transaction.  Behind the scenes we are also working hard to highlight the problems that getting paid late raises for the small business.


Links:

Websitehttps://www.incomeing.co.uk/

Facebook: https://www.facebook.com/Incomeing

LinkedIn: https://www.linkedin.com/company/incomeing/?viewAsMember=true

Twitter: https://twitter.com/Incomeing_

Check out the event we’re doing with Coop on 8th September, all around the late payments challenge: https://campfires.openbankingexcellence.org/campfires/banking-made-easier-for-small-medium-businesses/

Launch press: https://www.prolificnorth.co.uk/news/tech-news/2021/05/co-operative-bank-pays-tribute-manchester-fintech-digital-advances

Download Links:

https://apps.apple.com/gb/app/incom£ing/id1538586401

https://play.google.com/store/apps/details?id=uk.co.incomeing.mobile

Feel free to use our logo or any of our lovely characters within your submissions. Our font is also available to download here!!

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