Video Transcript
The benefit of bringing forth the cash flow from down the track to today is that you’re obviously, as soon as you’re delivering the services or selling the goods to your customers, you’re accessing that cash. You’re getting access to that cash, rather than have it sitting as an asset on your balance sheet. Which is earning you no interest and your customers are using you as a bank. By accessing the cash, what you could do is then go and negotiate with your suppliers and say to them, instead of paying you on thirty day trade terms, I’ll pay you cash on delivery for your input supplies that I need on my production cycle or sales cycle. And ideally, for paying them up front you can negotiate what’s called an “early payment discount”. Now if you could get three, four, five. I’ve had in some circumstances, business has come back to me and say they were able to negotiate a 15% discount for early payment. Then, that’s a 15% improvement in GP margin straight away.
Who is OptiPay?
OptiPay, one of Australia’s leading business finance providers, has been dedicated to helping small business owners solve cash flow challenges for over a decade and has provided $1.5 billion in business funding to more than 500 Australian businesses. OptiPay specialises in modern financing solutions such as invoice factoring, invoice finance, debtor finance, and lines of credit. OptiPay’s mission is to support business growth providing liquidity in as little as 24 hours, ensuring they have access to tomorrow’s cash flow today. This rapid access to funds helps businesses maintain smooth operations and seize growth opportunities without the stress of cash flow constraints. At OptiPay, we believe that healthy cash flow is the lifeblood of any successful business. Our commitment to helping businesses overcome financial hurdles and achieve their growth ambitions has solidified our reputation as a trusted partner in the business finance sector. Whether you are looking to stabilise your cash flow, expand your operations, or navigate financial challenges, OptiPay is here to support your journey with innovative and efficient financing solutions.
