Businesses are Looking Beyond Loans for Funding
Despite assurances from banks that they want to support the country’s crucial small business sector, there was more evidence last week that bank lending to SME’s is in steady decline. Could it be that more and more Australian businesses are simply choosing different options for their funding? Analysis by The Australian Financial Review showed growth in bank […]
The Benefits of International Trade
The latest balance of trade figures show that Australia’s surplus surged to its highest monthly total on record in January. However, the real good news was hidden a little further down the statistical bulletin: both exports and imports rose at the start of 2019, and that is great for business. The popular media like to […]
Your Business Finance Should Match Your Situation
With so many business funding propositions out there, and the financing landscape changing all the time, it is only right that entrepreneurs and managers seek to compare the options available. In doing so, the key is not just to look at headline prices but to closely consider their own business situation and ambitions, and match […]
OptiPay Joins Book Launch on Heroic Business Men and Women of Australia
Angus Sedgwick, CEO of OptiPay joined other successful Australian Business owners and shared their inspiring stories for the 2nd edition of 50 Unsung Business Heroes. This collective of Australian small business CEOs and founders, share their stories of true grit and determination, of long hours and lonely nights. A Croatian soldier had to sell his […]
What Now for Business Loans?
It’s been a busy few months for the Australian SME lending market, culminating in Kenneth Hayne’s Banking Royal Commission report which some believe will have a knock-on effect on the availability of business loans from the major banks. At the same time, small and medium sized businesses are eagerly awaiting the advent of the state-backed […]
How to Build a Secure and Innovative Supply Chain
Funding is crucial to growth, and at OptiPay we’re delighted to help hundreds of Australian businesses to access the finance they need in order to expand. However, to build secure long-term growth most businesses will also need their supply chain to follow suit. Imagine if you are preparing a big order for a new customer, […]
Spread the Benefits of Smart Funding with Supply Chain Finance
We have already seen how Supply Chain Finance provides a fast, smart solution to businesses who buy significant amounts of goods from suppliers in order to on-sell their own product. Uniquely however, Supply Chain Finance also benefits the firm’s suppliers. Let’s take as an example an expanding Australian manufacturer or wholesale trade business: to meet each […]
How Businesses Can Break the Late Payments Cycle
Australia’s culture of late payments is notorious, and although there are signs that larger businesses are starting to pay their invoices faster, they too face cash flow pressures. While the recent improvement is welcome for smaller suppliers in particular, it will likely have come at a cost to larger firms, especially manufacturers and wholesale trade […]
Why Every Business Needs an Executive Summary
Start-up incubators and business accelerators are fond of drilling their cadres to memorise a 60 second ‘elevator pitch’ which they can fire out at any potential investors they meet on their travels. Your average SME owner isn’t quite so desperate to land a large business funding package out of the blue, but it’s still worth […]
The SME Checklist for a Prosperous 2019
It may be a cliché, but the start of a new year is actually a great time to take a look at your business finances and implement a few choice changes. Why? One reason is that as a small business owner you should be performing regular financial checks anyway, and it’s probably been a few […]