The OptiPay blog is a useful resource to assist you fully appreciate the benefits of innovative business
funding solutions. We post regular contributions from business leaders, as well as case studies, industry
news, and tips and tools from our OptyiPay experts. John Test
Most Australian trucking companies are started by drivers who invest their own money to buy a truck and launch and operate the company. While many
IN AUSTRALIA, the average time taken for invoices to be paid is 53 days. The long wait for payment can stop businesses from making investments
As odd as it sounds, more sales, greater revenue and faster growth can pose real dangers to Australian businesses in 2015. As your business grows,
IF YOUR business is waiting longer for invoices to be paid in 2015, you’re not alone. Australia’s small and medium businesses are being forced to
WHILE Australian SMEs are increasingly using invoice finance to improve working capital and grow their businesses, common misconceptions remain about how fees are calculated. One
PLANT hire and civil construction companies operate in industries notorious for long invoice payments terms. They are often at the bottom of the food chain
Myth 1. Invoice finance hurts your income The truth: Importantly, an invoice finance service fee is not an annualised interest rate. Our fee stops the
1. What size does an invoice need to be? An invoice needs to be $5,000 (including GST) or greater with no limit to the size
Invoice Finance for Trade Contractors – A Case Study BEING paid is always a challenge in the construction industry, especially for subcontractors who have to
OptiPay offers several different funding solutions and services, one or more of which charges no interest and has no long lock in contract period, called the Fully Flexible funding option. Conditions, fees and charges apply to some of the Services provided, which may change, or we may introduce new ones in the future. Full details for all funding options (Services) including any fees and charges which may apply, is available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the funding agreements provided, for your selected funding solution (product/service), including all the Terms and Conditions contained in agreements provided, before proceeding. *T&Cs: Minimum 12-month invoice funding contract with OptiPay. Direct clients only, offer doesn’t apply to broker introduced clients. All standard credit terms and conditions apply including credit assessment. Not applicable to existing clients.
