Regional accounting practice adds significant $$$$ value.…
OptiPay received an enquiry from a mid-size regional accounting practice. Their brief was as follows: Their client was a successful (small) engineering and fabrication business and was submitting a tender for a significant regional infrastructure project. Their client was up against a number of significant players including an ASX listed building and engineering group. The […]
Serious savings and opportunities
Our software/consulting client had been in business just under eighteen months. They provided software solutions to a Government Department on 60 day terms and developed a security protocol for a shipping and logistics company on 45 day terms. The combined amounts due to our client was $480,000.00. The client had retained a range of contractors […]
Innovation at work for business
So, you think all cash flow solutions are the same worn out beast……… Well, read this! A specialist Engineering Company involved in a JV for the delivery of Precast Concrete Tied Wall panels required a smart solution to secure the contract. In order to manufacture the product the client had to purchase the raw material […]
Case study: Invoice Finance for the civil construction industry
PLANT hire and civil construction companies operate in industries notorious for long invoice payments terms. They are often at the bottom of the food chain in terms of who gets paid. Case study Our client, who provided earth moving equipment, had signed a long-term contract to work on a major road project. They issued invoices […]
Case study: Invoice finance for trade contractors
Invoice Finance for Trade Contractors – A Case Study BEING paid is always a challenge in the construction industry, especially for subcontractors who have to wait months for progress payments. Below we explain how OptiPay helped a Sydney electrical contractor access a $75,000 pay cheque when his business needed it most. CASE STUDY: Our client, […]
Case study: Invoice finance for the labour hire industry
INSUFFICIENT cash flow is by far the biggest threat to Australian recruitment agencies and the primary reason for business failure within the industry. Our client is a Sydney-based recruitment service provider that had seen rapid growth over the past two years. Their business places candidates within the heavy engineering and mining sector, offering clients permanent […]