4 Options to Manage Bad Debts
Video Transcript It’s an unfortunate reality of business today that if you make sales on credit terms from time to time, one or more
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.
Video Transcript It’s an unfortunate reality of business today that if you make sales on credit terms from time to time, one or more
Video Transcript Businesses can’t grow without access to cash, and many businesses have a significant amount of cash tied up in their unpaid invoices,
Video Transcript The PPSR, also known as the Personal Property Security Register, is a publicly available website, administered by the Federal government, where a
Video Transcript Well, the PPSR actually has a dual role. Firstly, to allow any party that is considering advancing or providing credit to a
Video Transcript The PPSR is vitally important for business owners to understand, because by offering credit terms, what they are in fact doing, is
Video Transcript No. Unlike a traditional loan, which requires P&I repayments on a weekly or fortnightly basis, Invoice Finance has no repayments, as it’s
Video Transcript Management of your debtor ledger is absolutely critical to the ongoing success of any business. Because if you send off an invoice,
Video Transcript They can access cash through a variety of means. One might be traditional bank debt, another option might be to invest money
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
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.