How to Navigate the Domino Effect in the Mining Industry
Regardless of how much experience you have in the mining industry or how stable your business happens to be, late payments can spell trouble for just about anyone. Businesses may pay their suppliers late for an unfortunately large number of reasons, from lengthy internal approval processes to receiving the invoice later than they expected to […]
Invoice Financing vs. Invoice Factoring: What You Need To Know
Invoice Financing vs. Invoice Factoring:What You Need To Know A consistent cash flow is the lifeblood of a business. It is how an organisation is able to purchase stock, hire and train staff, diversify and ultimately expand its practises. But what happens when this lifeline is interrupted? It is a question and a challenge that […]
How to Steady Your Cash Inflow
People have a way of forgetting that cash flow involves a whole lot more than just money coming into your business. In many ways, it’s a crystal ball that lets you see into the future. If you know where you want to be, cash flow is the pivotal road map that lets you know how […]
Is Your Website Converting Leads? 3 Tips to Kick Starting Lead Generation
Websites aren’t just a storefront — websites are a critical means of lead-generation for businesses. With around 3.2 billion people online, websites give businesses an unprecedented amount of access to potential customers. Within the last few years, there has been a steady hike towards businesses aiming to ‘revitalise’ their websites — all to ensure their […]
Put Debts in the Past with These 3 Strategies
Unpaid debts can drag your business down. The money that you are owed is not available to you for expansion or the day-to-day operation of your business. Chasing it down costs precious personnel hours that could be spent generating new income instead. And it can be demoralising for a small- or medium-business owner to do […]
OptiPay Featured on ABC, Channel 9, SBS and More —SME Cash Flow Crisis Report
Australian businesses are drowning under $76 billion worth of unpaid invoices. Our SME Cash Flow Crisis Report released on the 30th January, shines a light on the impact that these unpaid invoices have on Australian SMEs — and ultimately, our economy. Business owners don’t need to suffer silently or dig into personal savings to maintain […]
Press Release Monday 30 Jan 2017
Small business cash flow crisis costing Australian economy $76 billion AUSTRALIA’s two million small and medium sized enterprises (SMEs) are drowning in a sea of unpaid customer bills, with $76 billion worth of outstanding invoices crippling their ability to grow, new research has found. If the problem can be fixed, up to half a million […]
A Must-Read Inquiry into Slow Payments for Australian SMEs
Late payments are the biggest issue Australian SMEs face. With $26 million owed in unpaid invoices averaging around $13,200 each, these businesses spend over 12 days a year in business operations chasing unpaid invoices. A lack of cash flow means stalled business growth, which often leads to debt and, in the worst case, liquidation. At […]
3 Ways to Beat Seasonal Cash Flow Fluctuations in the Agriculture Industry
Risks and risk management in the agricultural industry can heavily affect your overall profitable outcome. Cash may be king, as the old saying goes, but it’s not always easy to keep seasonal cash flow steady, particularly in the agricultural industry. So how can you help your agribusiness stay afloat through both the ups and downs? […]
Pitfalls of Not Having Credit Insurance — Don’t Get Caught Out in 2018
One reason small- to medium-sized enterprises overlook something as important as credit insurance is because they have the wrong perspective. They look at their daily operations and think credit insurance is designed to protect them against something that they don’t believe will happen and consider it a step that doesn’t need to be taken. In […]