Why You Need to Know About Invoice Financing Now
Invoice financing is a great way to ensure consistent cash flow in your business. When dealing with slow debtors — having a third party purchase your invoice alleviates a lot of the business pains caused by slower payments. Consistent cash flow also means you can spend more time allocating capital to internal resources, infrastructure and […]
3 Trends For The Australian Business Landscape In The New Year
As a business owner, having your finger on the latest trends has a direct impact on the success of your business. Understanding these three trends will help you hammer out an effective business strategy in the New Year. Big companies extend supplier payments up to 90 days Extended supplier payments means smaller businesses are forced […]
Webinar: How to get the best cash flow for your business
http://www.youtube.com/watch?v=wDZHnnEBsC4 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 […]
Avoid The Christmas Cash Flow Crunch
Although many Australian businesses experience their highest sales during the Christmas period, for some it can be the toughest time to maintain healthy cash flow. Businesses in a number of sectors suffer a decrease in production and sales and may shut down completely for a couple of weeks. At the same time, they still have […]
Cash Flow Help For Australian Transport Companies
Most Australian trucking companies are started by drivers who invest their own money to buy a truck and launch and operate the company. While many drivers have a great deal of industry experience, they don’t necessarily have a lot of capital to support the business in the early days. Often, this stops them from reaching […]
Download Free eBook: How To Improve Cashflow With Invoice Finance
IN AUSTRALIA, the average time taken for invoices to be paid is 53 days. The long wait for payment can stop businesses from making investments in research, new employees, better equipment upgrades, and other growth that can benefit the company in the long run. It’s also about survival, because cashflow is your life blood – you need […]
How Success Can Kill Your Business
As odd as it sounds, more sales, greater revenue and faster growth can pose real dangers to Australian businesses in 2015. As your business grows, you will need to find money to pay for more staff, bigger facilities and increased production costs. If your business expands rapidly and the growth is largely unplanned, you’ll risk […]
Why does it take large companies so long to pay invoices?
IF YOUR business is waiting longer for invoices to be paid in 2015, you’re not alone. Australia’s small and medium businesses are being forced to wait longer to be paid on outstanding invoices – especially when dealing with larger companies. A recent Australian Government survey shows nearly two-thirds of small businesses have invoices that were […]
Why Businesses Prefer OptiPay Over Other Lenders
WHILE Australian SMEs are increasingly using invoice finance to improve working capital and grow their businesses, common misconceptions remain about how fees are calculated. One of the most common questions asked is “what is your interest rate”. OptiPay’s answer is always the same. Interest is not charged at all – because OptiPay is not a […]
7 Myths About Invoice Finance Busted
Myth 1. Invoice finance hurts your income The truth: Importantly, an invoice finance service fee is not an annualised interest rate. Our fee stops the day the invoice is paid. It is absolutely no different to offering your customers a small early payment discount. Myth 2. invoice finance is only for small businesses The truth: […]