There’s Never Been a Better Time to Start Exporting
Becoming an exporter has always been a major step forward for any business, and today’s ambitious SMEs are no exception. However, while global markets still provide the key to next-level growth it is actually easier than ever before for Australian enterprises to take the plunge and start selling abroad. Businesses wanting to expand their trading […]
So Much Progress But What Now For Growth?
John purchased a building services business a year ago and with our help has successfully transformed the business through: Right sizing their operational costs Increased their productivity through correction and improvement of processes and detailed position descriptions and workflows Implemented technology to automate the previously manual sales to product delivery cycle and flipped a 80/20 […]
Over a coffee…. read about this very smart business.
Our newest client was looking for a business import, export and cash flow solution, but did not like the idea of property security over his family home. As a result he started to look at various unsecured business loans and initially he thought this would be an excellent solution. However, the problem became obvious to […]
Commercial Finance Broker Implements A Valuable Funding Structure for Business Client
This client is a growing Food Wholesaling business that supplies to the big retailers. They were looking to increase the number of product lines into the supermarkets, due to the excellent sales uptake of their healthy kids’ products, as well as hire more employees. The bank has been providing an overdraft facility for several years, […]
Lack of Business Finance Means Lost Opportunities
If your business has all the funding it needs to keep trading successfully it may be in the happy minority among Australian SMEs, but this isn’t an ideal situation if you can’t invest and grow. Have you ever thought about the cost of not investing? At OptiPay (OptiPay), we spend a lot of time talking […]
Bad Trade Debt: Five Ways to Protect Your Business
In our last article we looked at the dangers of providing credit to customers by giving them 30 or even 60+ days to pay for your goods and services. We compared this to juggling hand grenades in your office, never knowing if one of these trade debts is going to ‘go off’ and destroy your […]
Savvy bookkeeper assists client in securing funding for BAS payments and improves ongoing cash flow
Our client came to us via a proactive bookkeeper, who identified well in advance of the BAS due date that one of her client’s was going to have problems with finding sufficient cash to pay the ATO on the due date. On top of this, the business was offering 6% early settlement discounts to customers […]
Accounting Practice Provides Valuable Assistance to Client
This accounting client is a fast growing, profitable wholesaling business. The bank has been providing an overdraft facility for several years. The client was looking to bring on more employees and increase purchase orders for the growth. However, the client wanted to free up their personal property portfolio which the bank had as security. The […]
Credit Terms: The Live Grenade Under Your Business
If you are an SME that supplies other businesses (B2B), the chances are that you are also a lender. In fact, you’re part of Australia’s second largest business funding sector, after banking. This is because most businesses extend credit to each other: whenever you agree that an invoice can be paid 30, 60 or even […]
Client Dodges a Bullet
Our new client required funding to complete the building of their production facility and had approached their bank for an increase to their property loan, and negotiate an increase to their cash flow funding facility from an advance rate of 65% to 90% of the accounts receivable ledger. The valuation placed over the directors property […]