Could you be boosted by automation?

18th September 2019.

A widespread fear of automation -the fear that we’ll soon be usurped by more efficient machines has been rippling throughout the modern world and is seen regularly in the media.

The fear of job obsolescence perhaps finds a home in our human inadequacies and, much like the robots themselves, doesn’t seem to be going away.

Could the job we do disappear to a machine?

Is automation to be feared?

Or could automation actually be the solution to stagnant productivity?

People fear the effect on jobs. Trump claimed that China was stealing the west’s manufacturing jobs but in reality, it was automation that has reduced the number of people in manufacturing.

The population of the world continues to rise but people worry there will be less and less jobs.

Before it was manufacturing but now AI is feared to take away the jobs of more cognitive roles – from Accountants, to journalists, to drivers – AI  is eating into all sorts of roles.

There have been calls for a universal income. Trials have been held in one place after another as governments worry how people will support themselves in an automated world.

However, for some, progress in AI and robotics is simply the next organic and logical step in the evolution of technology – the latest stage in a much longer revolution in information technology, stretching back to mainframe computers after World War Two, spreading to personal computers in the 1980s and the Internet in the 1990s.

Most importantly, is the fact that throughout these successive waves of disruption employment has carried on rising rather than declining.

Tech to add as many roles as it takes

However tech will likely add as many jobs as are lost to automation. At one time we all worked in agriculture but new jobs were found and created when that became automated.

As more and more repetitive tasks are lost to robots, more social and creative roles will appear.

Olesya Dmitracova in the Independent considered this week the impact of automation on workers.

She cites a PwC report which estimated that the net impact on UK employment from new technologies over the next 20 years will be broadly neutral, as many existing jobs disappear but new ones are created.

She goes on to look at measures which could support workers, saying firms could be incentivised, perhaps through the tax system, to keep or expand their workforce by developing workers’ skills.

On upskilling, she cites a recent PwC survey showing that 51% of British workers are offered no opportunities to learn new skills by their employers

MPs call for tax incentives to boost automation

The cross-party Commons Business, Energy and Industrial Strategy Select Committee has suggested that the Chancellor should offer tax incentives to encourage investment in robots to boost productivity.

Can you benefit?

A more productive workforce mean a more productive UK economy, and 1% growth across the economy could add almost £20bn to our national output, equalling about £250 to the average worker’s pay.

With this in mind, perhaps it’s time to consider a world where humans are enhanced by robots, rather than replaced by them.

It is without doubt that the robots are coming. So that leaves us with two choices: we can either worry ourselves to death about what this means for us and our jobs, or, we can stop pitting man and machine against each other, and use them to our own benefit.

What mindless tasks could be automated within your business?

Imagine what you could accomplish if you weren’t distracted by such matters.

In most cases, technology hasn’t eradicated the need for humans, it has simply altered our roles.

While it’s easy to make a calculated guess at which roles are most susceptible to automation or which workers will be displaced first, it’s much harder to predict the new roles that will be necessary to create, use or maintain these new technologies.

Undoubtedly automation will bring many benefits and will enhance life.

Think of the jobs you hate that you could stop doing.

What about credit control?

No Small business own likes credit control.

CPA for example can help you automate and speed up your credit management.

Use our system to set credit limits for your credit customers. Use our system to automate your debt collection process. pass us the details and we will chase them on your behalf.

You can then focus on running your business and being more productive.

Rather than being something to fear, automation could be liberating and life enhancing.

Do you sell on credit?

With pressures on the cash flow it is essential that you stay on top of the credit limits you grant customers and watch carefully for any late payments.

Those customers will look for the easiest option  to boost their cash-flow. Don’t let it be you.

You can’t just assume your customers can and will pay you eventually, no matter how big their name is.

It is essential to have credit management systems in place to monitor and check your customers credit worthiness.

It is also best practice to use a trusted third party like CPA to make sure you are paid on time by customers, no matter how good a name they have.

About CPA

The Credit Protection Association can help!

Formed in 1914, CPA has been providing credit management services to SMEs for over 100 years.

At the Credit Protection Association, we provide first class credit information that can help you avoid being over extended to customers who are at risk. Our monitoring service can flag up warning signs long before the end, giving you the chance to adjust and reduce your exposure. We provide recommended credit limits and credit scores on a traffic light system and can help you set appropriate credit policies for your customers.

We regularly publish lists of the latest insolvencies but by then it is too late. Our credit reports however predict approximately 96% of company insolvencies long before they arrive.

Companies in trouble usually have very bad cash flow and they try to deal with it by delaying payment to their suppliers, increasing your exposure to them.

If you supply on credit, help us help you identify the risks.

Why use a third party collector?

As a third party collector, we can also get your payments prioritised over those who are not as hot on collections. When you customer receives a letter from the Credit Protection Association regarding their outstanding account, they are going to want to get that resolved as a priority. Our overdue account recovery service can get your unpaid invoices to the top of their “to do” list and get your invoice paid.

Over the years we have collected billions in overdue invoices for our customers.

Our debt recovery and credit management services give our members the financial freedom needed to grow and prosper, while our new Late Payment Compensation department could unlock hidden potential and offer the compensation needed to springboard your business to success.

The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections

Ready to speak to an advisor?

For help or advice on credit management, entirely without obligation.

Call us today

0330 053 9263

CPA is passionate about late payment

The Credit Protection Association has been protecting smaller firms against poor payment practices for over 100 years.

We are extremely passionate about breaking the late payment culture that holds back the UK economy and threatens many SMEs with cash flow difficulties being the single biggest killer of Britain’s small businesses.

If you were regularly paid late we can help. Those former customers used you to boost their own cashflow, regularly paying you late.

As a result you had extra costs, you had the distraction of having to chase payment, you had opportunity costs because your capital was tied up in their late invoices.

Under little used legislation, you are entitled to compensation for those late payments.

Now you can boost your own cash-flow.

CPA can help unearth the those hidden treasures.

We have the technology to reveal the compensation you are due and we have the extensive experience and expertise to then turn those claims into cash.

Yes, CPA can help you boost your business cash-flow.

Don’t let your bankers control you, contact CPA today.

The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections

Read our blog here on how to crack down on the late payment culture.

Read our blog here on how to give late payers the slap they need.

The “Why” of the late payment culture.

New PM should walk the walk and back small firms over late payments

Paying late is “crack cocaine” to big business.

Late payment culture risks “spiraling out of control”

visit our late payment compensation page

See our full blog and FAQ on late payment compensation

Do you realise you could be sitting on a fortune?

Late payments often result in a cash flow crunch and leave SMEs in need of a cash injection.

If you sold B2B on credit then there may be a hidden source of capital you can call on.

If you fancy an bit of extra cash in your business, rather than jumping through hoops with your bank, you could look to uncover the resources from an unexpected source within your own business.

Not many are aware but there could be a hidden fortune within your business, sitting there, just waiting to be uncovered and released.

We can help you uncover the pile of gold, you didn’t even know you were sitting on.

If you trade with other businesses and were often paid late then you could be entitled to significant compensation.

Under little known and under-utilised legislation your business could be due huge amounts in compensation that you didn’t even know about.

Let’s be clear – this is not a way to weaken any customer relationships you value. It is one that identifies who’s been paying late and then recover the potentially significant sums in compensation using Late Payment Legislation from businesses where the relationship has already ended.

You can pick and choose who you want us to follow up – but once we’ve agreed which companies you’d like to pursue compensation from it’s a fast process and there’s no financial outlay to you whatsoever. My team at CPA put its expertise to work to recover the compensation due and fight late payment culture.

That compensation could provide the cash boost your business needed.

But don’t delay, that compensation evaporates if not claimed within six years of the late payment.

How can CPA help?

CPA has developed a unique technology to dig into your accounting records and discover the cash injection you are due by means of compensation. The software does all the hard work. Our software interacts over the cloud with over 300 different software packages, working directly with your accounts package, just so long as it’s stored on a computer.

We recognise that most companies do not have the resources to spend time on the identification and calculation of Late Payment Compensation. Our service can produce an Analyses within just a few days with (usually) less than 30 mins of co-operation from our clients. We work directly with over 300 accounting packages but can also work with bespoke accounts packages. Indeed, speed is essential as the oldest invoices may fall foul of the 6-year time limit.

Once the Sales Ledger Analyses is made available to clients, all that is required is that management decide which commercially sensitive ex-customers to remove from the list and return it to us.

CPA then uses its years of collection experience to explain and recover the Late Payment Compensation Claims. Clients do not handle any part of the recovery process as our team will take all communications from the companies against who the claims has been made. Often, it’s simply a case of explaining the legislation, sometimes we have to go all the way and enforce the legislation through the courts.

The result is that we are realising clients’ claims worth tens and sometimes hundreds of thousands of pounds which, of course, is pure net profit.  You may also be among the recipients of “hundreds of thousands of pounds” should you elect to take advantage of our services.

We do the work, you receive the cash.

If you have supplied goods and services to businesses on credit and were regularly paid late then you could be due significant sums in late payment compensation.

We are talking to companies and unearthing claims in the hundreds of thousands from former business customers who paid them late. Large business customers who abused their power to inflict unfair and sometimes illegal payment practices.

We are helping business owners  who are looking to boost the returns from their business before they retire. We are helping businesses who have lost major clients after years of loyal service to get properly compensated for systematic late payment. We are helping companies that were looking to close down, who looked insolvent and finding that cash injection they need to avoid insolvency.

Those former clients who regularly paid you late can finally be made to pay.

Ready to speak to an advisor?

For help or advice on credit management, entirely without obligation.

Call us today

0330 053 9263

The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!

The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections

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The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections