The Benefits of Invoice Financing for Seasonal Businesses
As a seasonal business, managing cash flow can be a major challenge. During peak seasons, revenue flows in at a steady pace, but during the off-season, it can be difficult to maintain the same level of cash flow. This is where invoice financing comes in handy. Invoice financing, also known as invoice factoring, is a […]
The Benefits of Invoice Finance for Small Businesses and Startups
As a business owner, you are likely familiar with the concept of cash flow management. In order to keep your business afloat, you need to have a steady stream of income. However, when your customers take a long time to pay their invoices, it can create a cash flow gap that can be difficult to […]
How to Choose the Best Invoice Finance Provider for Your Business Needs
Invoice finance is a popular financing method that allows businesses to access funds by leveraging their unpaid invoices. It is a flexible and quick way of generating cash flow for businesses of all sizes. However, not all invoice finance providers are created equal. Choosing the best invoice finance provider for your business needs can be […]
Invoice Payment Times Double as Manufacturing Undergoes Cash Flow Crunch
New data collated by OptiPay reveals a sharp increase in the number of days outstanding for invoices issued, particularly to businesses in the manufacturing industry, from 42 to 58 days in the last six months. This situation is putting extra strain on Australian manufacturing on top of the ongoing inflation and global supply issues it […]
The Basics of Invoice Finance: How it Works and Why it’s Beneficial for Businesses
Invoice finance is a popular financing method that allows businesses to access funds by leveraging their unpaid invoices. It is a flexible and quick way of generating cash flow for businesses of all sizes, and it is becoming an increasingly popular way of managing finances. In this article, we will explore the basics of invoice […]
Inflation and Global Supply Issues: Late Payments Nearly Double
Inflation and global supply issues are being felt by Australia’s manufacturing industry with new data showing a sharp increase in the number of days outstanding for invoices issued. “Over the last 6 months the number of days it’s taking debtors to pay their invoices has jumped nearly 40%, stretching from an average of 42 days […]
Sharp Rise in Late Manufacturing Invoices
Inflation and global supply issues are being felt by Australia’s manufacturing industry with new data showing a sharp increase in the number of days outstanding for invoices issued. “Over the last 6 months the number of days it’s taking debtors to pay their invoices has jumped nearly 40%, stretching from an average of 42 days […]
Alternative Lending Options – Invoice Financing
Rising interest rates, the cost of living and a growing number of businesses finding themselves in default of their bank loans is leading to a spike in alternative lending options. Leading Australian financing company OptiPay has issued over $25M in new facilities since the start of this year – a near ten fold increase in […]
Invoice Financing Increases
Rising interest rates, the cost of living and a growing number of businesses finding themselves in default of their bank loans is leading to a spike in alternative lending options. Leading Australian financing company OptiPay has issued over $25M in new facilities since the start of this year – a near ten fold increase in […]
Invoice Financing on the Rise as an Alternative Lending Option for Smes
There has been a spike among businesses availing of invoice financing, a financing option with a revolving line of credit against unpaid invoices, as a way to improve business cashflow. One invoice financing provider, OptiPay, has reported that it provided over $25 million in financing since the start of this year, a near ten-fold increase […]