Surge in Invoice Financing as Covid Affected Businesses are Forced to Pay Up
New data from OptiPay has revealed a two fold increase in enquiries, when compared to last year, in the number of businesses requesting invoice financing. Invoice Financing (or debtor finance) is a revolving Line of Credit against unpaid invoices, to improve business cash flow, after the ATO announced it was resuming tax debt collections. OptiPay, […]
Increase in Invoice Financing as Ato Ends Moratorium
Invoice financing is a revolving line of credit against unpaid invoices and the most recent increases in applying for it were noted after the Australian Taxation Office announced it was resuming tax debt collections. The amount of debt owing to the ATO has climbed 14 per cent from the same time last year to over […]
Invoice Financing Requests Surge as Businesses are Forced to Pay Up
Invoice financing is a revolving line of credit against unpaid invoices and the most recent increases in applying for it were noted after the Australian Taxation Office announced it was resuming tax debt collections. The amount of debt owing to the ATO has climbed 14 per cent from the same time last year to over […]
ATO Collecting Debts Again: Here’s What That Means for Aussie Businesses
With the Australian Taxation Office resuming tax debt collections early last year and supply chain issues continuing to bite, many businesses have been looking for ways to improve their cash flow. That’s why far more companies are turning to invoice financing, OptiPay chief executive officer Angus Sedgwick told Yahoo Finance. This is a type of […]
Why You May Want to Switch Your Debtor Financing Company
Have you come across a debtor financing company that seems to be better than your current provider? Perhaps you’ve heard of the great deal a close business contact secured, or the level of service they’re receiving that seems nothing like what you are. It’s valid to think about changing your financing company when there might […]
Five Reasons Why Invoice Finance May Be the Best Option for Your SME
It’s been another difficult few months for small to medium enterprises (SMEs) across Australia. Smaller businesses often bear the brunt of the lockdowns due to their lack of scale and resources, working-from-home infrastructure and the nature of the industries they operate within – which are oftentimes considered less essential. Nonetheless, SMEs make up the bulk […]
Ways Your SME Can Manage Lockdown and Minimum Wage Increases
There’s a lot going on in Australia, and it doesn’t look like the challenges will be fully abated anytime soon. With much of the population back in lockdown, and state borders are closed, businesses of all sizes are struggling to make it through. A select few are thriving, but most simply are not. In addition, […]
Finding the Right Level of Liquidity in Your Business
We often talk about working capital and sufficient cash flow being two of the most important factors to monitor when running a small to medium enterprise (SME). Without both of these working in your favour, running your business will hit a roadblock – it’s like driving the handbrake on or worse, without enough fuel in […]
Four Possible Reasons Behind Cash Flow Problems
There is a wide array of different reasons why a small business might need access to extra incoming cash at any particular moment. Sometimes, they need to deal with a sudden-yet-important extended supplier payment. Other times, they’re just looking for new ways to better deal with seasonal cash fluctuations. Often, they’re dealing with customers […]
Funding vs. Lending: understanding the difference
There is a wide array of different reasons why a small business might need access to extra incoming cash at any particular moment. Sometimes, they need to deal with a sudden-yet-important extended supplier payment. Other times, they’re just looking for new ways to better deal with seasonal cash fluctuations. Often, they’re dealing with customers […]