Touch Financial

What is Supply Chain Finance?

What is Supply Chain Finance?

Supply Chain Finance has been in the news recently. Prime Minister David Cameron is backing supply chain finance as a “new” form of finance for small- and medium-sized businesses. He claims that, “…this scheme will not only help them [small businesses] secure finance and support cash flow, but will help secure supply chains for some of our biggest companies and protect thousands of jobs.” If you are a small business who supplies a large, probably well known company, you will know better than most that just because they are reputable does not mean they are on time with paying their invoices. In fact, it can often make them worse as they know they have the power to do what they want and pay invoices later and later. This is where supply chain finance is meant to fill the gap. Before we... »

Unusual Benefits to Offer Your Employees

Unusual Benefits to Offer Your Employees

Offering benefits above a standard wage or salary to your employees can bring a huge benefit to your employees’ productivity, engagement levels, absenteeism and loyalty. Benefits can be used as a cheaper alternative to retain employees over raising salary. However, as a small or medium-sized business, you are unlikely to have the budget to offer your employee benefits that larger companies are able to give. So what initiatives can you take to help ensure your employees feel valued whilst still keeping costs to a minimum? Basic Concepts Involved with Employee Benefits There are two major types of employee benefits; core and flexible. Core benefits are enjoyed by all employees so will include things such as pensions, basics insurance and annual leave. Flexible benefits offer the choice to ea... »