Five Important Questions About Invoice Finance
1. What size does an invoice need to be? An invoice needs to be $5,000 (including GST) or greater with no limit to the size of the invoice. If your individual invoices are less than $5,000, you have the option to “batch” up your invoices to reach $5,000 of requested funding. 2. Will my customers […]
Invoice finance makes sense for commercial cleaning companies
RUNNING a commercial cleaning business in Australia can deliver high income, especially in the corporate and industrial sectors. However, working with commercial clients has one major challenge – most pay their invoices in 30 to 60 days. The subsequent lack of cash flow can be a problem for cleaning businesses which have weekly expenses to […]
Invoice finance for the manufacturing industry
Our client provides specialised components to engineering firms for use in large infrastructure projects. In this situation, it had been contracted to provide its goods to a building company in the construction of a major facility for a well-known multinational. It was a long-term contract that was worth a lot of money. The problem was that our client received payment only […]
Eight tangible reasons to use invoice finance
Poor cash flow is one of the main reasons SME’s fail in Australia. Without consistent working capital, it’s difficult to purchase new equipment and materials or even pay staff wages. This problem is made worse by the inflexibility of the banks to provide higher levels of funding to firms with low fixed asset bases. But […]
Must-read advice for fast-growing Australian businesses
You can easily find yourself lacking working capital, which is one of the biggest contributing factors to the failure of one in six SMEs. Here’s how to prepare your business for the opportunities and challenges associated with rapid growth. Take more care with credit policies For any new orders, make certain your customer completes a […]
Top 5 Cash Flow Hurdles facing Australian SMEs
Even Australia’s most successful companies have their share of cash flow troubles, especially during growth phases. Profits and cash flow are not the same thing. You can have a profitable business on paper and not have a dollar in the bank. In some seasonal industries it’s almost the norm. But a smooth and reliable level […]
Australia’s slowest paying industries revealed
These are the industries making Australian businesses wait the longest for invoice payments. Labour hire Manufacturing Mining services Commercial property services Construction Below we investigate why the big players in each sector prefer longer terms and what you can do to stop 60-day invoices from hurting your cash flow. Mining Services Last year’s Dun & […]
How OptiPay can help start-up businesses prosper
If you manage the relationship correctly, you could gain a well-known brand as a partner. More importantly, these partners have the potential of becoming great repeat customers. However, winning a contract from a large business can often turn out to be a major cash flow challenge. Why? Because payment terms always seem to be in […]