How to Better Manage Business Debt
There comes a time for many SMEs where external funding becomes a necessity for maintaining growth and ensuring success. Whilst debt can be a fantastic tool to acquire the working capital your business needs to grow and expand, it has to be managed carefully. One of the biggest mistakes SMEs make is taking on too […]
Tougher Road ahead for Australian SMEs
Despite all the doom and gloom predictions, COVID was really not that bad for many Australian small businesses. Whilst some industries like travel, entertainment and hospitality were decimated, on the whole, Australian SMEs rode the COVID wave and came out the other side. Employees quickly adapted to work from home and propped up by Job […]
SMEs Feeling the Pinch as Invoice Payment Times Blow Out
Non-banker lender OptiPay said the credit squeeze is starting to bite with inquiry levels leaping up to 40 per cent and invoice payment times blowing out beyond a month. OptiPay chief executive Angus Sedgwick said his SME clients were increasingly struggling with cash flow in the wake of COVID as debtors took longer to pay […]
Funding Alternatives by OptiPay – Retail World Magazine
A record number of Australian small businesses are ditching traditional bank loans to fund growth and generate cashflow. OptiPay, formerly TIM Finance, provides cashflow solutions to Australian businesses, with “innovative” funding solutions such as invoice finance, inventory finance and lines of credit. OptiPay says it has noted a two-fold increase in businesses inquiring about invoice […]
Australian Businesses Now Delaying Invoice Payments by a Week Longer than Six Months Ago, Report Says
New research conducted by funding solutions company OptiPay reveals that businesses are taking longer to settle invoices as economic conditions worsen globally, putting pressure on SMEs’ cashflow. The data shows that the average number of days invoices have remained outstanding invoices has increased from 31 days to 38 days in the last six months. “This […]
Continuing Chinese Shipping Delays Has Led to Tripling of Australian Trade Finance Requests
A fresh wave of COVID lockdowns in China leading to more supply chain disruptions has left Australian businesses looking for new ways to stem cash flow problems. Funding solution provider OptiPay has seen enquiries for trade finance triple in recent weeks as businesses find getting stock from overseas is harder, more expensive and is taking […]
Top Mistakes Small Businesses Make When Managing Cash Flow
It’s a tough time for SME’s at the moment. Rising overheads, supply chain issues, high staff turnover and an increase to the minimum wage – it’s no wonder many are struggling with the day to day running costs. Here at business cash flow finance company OptiPay, we’ve had a two-fold increase in inquiries as a […]
How Australian Small Businesses are Seeking Alternatives to Fund Growth
A record number of Australian small businesses are ditching traditional bank loans to fund growth and generate cash flow. “Around 75% of businesses who come to us looking for invoice financing need the extra cash flow because they’re in a period of high growth,” says Angus Sedgwick, CEO of OptiPay. “Traditionally business owners were limited […]
Why Invoice Financing Could Be the Key to Growing Your Business
When you’re starting up a business, growth is everything. But there comes a point where too much expansion too quickly can be overwhelming and cash flow problems start to make day to day business life difficult. Business owners will reach a point where they need to consider financing in order to bridge that gap. Businesses […]
Thousands of Companies to Fold as ATO Chases Billions in Debt.
Who is OptiPay? OptiPay, one of Australia’s leading business finance providers, has been dedicated to helping small business owners solve cash flow challenges for over a decade and has provided $1.5 billion in business funding to more than 500 Australian businesses. OptiPay specialises in modern financing solutions such as invoice factoring, invoice finance, debtor finance, and lines of […]