A Labour Hire Firm’s Quick Guide to Managing Finances, Staffing, and Growth
Limited cash flow is the biggest threat to the labour hire industry. You may find that in your labour hire firm, invoices are often delayed. Your business may need to pay contractors weekly or bi-weekly, but your clients pay 30-60+ days after receiving your invoice. Unpaid invoices make it difficult to recruit new talent and […]
How Better Fleet Management Can Optimize Tax and Improve Cash Flow
A fleet provider in the UK did a survey among CFOs in fleet companies to find which KPIs the finance department is most worried about. About 53% of them are concerned about reducing costs, and about 40% think improving cash flow is a major concern. In this article, we want to share how you can […]
How Wholesale Businesses Can Effectively Manage Cash Flow
As a wholesaler, cash flow is the lifeblood of your business. Positive cash flow allows you to run your operations smoothly, pay the bills, meet customer demands, and reinvest back into the business for growth. So knowing that cash is king, how can you manage it better? While it’s true that all businesses need to […]
Australia’s Fastest Growing Manufacturing Sectors in 2019
Despite what many headlines suggest, Australia’s manufacturers are generally confident that their sector is growing. Business picked up in early 2019, with most areas of the industry indicating that their sales were expanding. Although confidence dipped a little in June, many areas of manufacturing have significant opportunities to look forward to. The Australian Industry Group, […]
Everything You Need to Know about Cash Flow Finance for Small Businesses (But Were Afraid to Ask)
Mention cash flow finance to the average small-business owner in Australia and you might get a funny look — it’s a term many have heard but few really understand. However, in other countries such as Britain and the United States, the reaction from business owners would be quite different. Since the financial crisis, invoice financing […]
How to Ensure Your Business Succeeds in FY20
The start of a new financial year is a great time for business owners to consider how they can ensure the next 12 months will bring sustainable business growth and financial security. With your latest accounts in front of you, there’s no better time to ask a few key questions about your business’s financial performance […]
What Do Low Interest Rates Mean for SMBs?
After two back-to-back interest rate cuts, Australian businesses could be forgiven for thinking that there has never been a better time to borrow money. However, Reserve Bank governor Philip Lowe has made clear these historically low interest rates come as a response to rising unemployment and a slowing economy. So what do the latest low […]
Why Business Failures are Increasing
As we announced our re-branding to OptiPay this week, we talked about the need to provide suitable growth funding for Australian businesses. The fact is that while the economy has been growing for a decade, the business failure rate jumped a notch last year. The 12.7% increase in failed businesses in the Australian market is not just […]
Import Finance for Healthcare Companies
Imports are crucial to the Australian healthcare sector. From the latest medical devices to standard pharmaceutical supplies, most healthcare providers rely on things that are manufactured abroad – but many still buy them from suppliers in Australia. This, of course, comes at a price.In a growing but highly competitive industry, significant cost advantages can be […]
Cost Effective Finance for your Business
Over the last few weeks we’ve looked at the kinds of business that can use Invoice Finance, how it can be a key source of funding, and just how much cash can be raised. We’ve seen that more and more businesses are choosing Invoice Finance. In some countries, such as Britain, it is now rivalling […]