Thousands of Companies to Fold as ATO Chases Billions in Debt.
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 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 […]
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 […]
Advantages of Using Debtor Finance for SMEs
Video Transcript Hi, Angus Sedgwick here from OptiPay here. As we move into the holiday season, many businesses close down for several weeks, which means the importance of managing your cash flow becomes even more critical during this holiday period. So in today’s video, we’re going to look at the six key reasons why […]
What is DSO?
Video Transcript Hi, Angus Sedgwick from OptiPay here and in today’s video we’re going to look at DSO, what it is and why it’s an important metric to understand within your business. So what is DSO? DSO or Days Sales Outstanding also known as Debtor days, is a measure of how quickly you get […]
Cash Flow VS Asset-Based Lending
Video Transcript Almost every business will have a need to access borrowed capital at some stage during its business cycle. And in today’s video, we’re going to look at the difference between cash flow lending and asset based lending, also known as ABL. Asset based loans allow you to access funds by borrowing against […]
5 Key Metrics to Monitor the Health of Your Business
Video Transcript People elect to be self employed business owners for a variety of reasons. Some inherit a family business, others may have a passion that they want to turn into a business such as a fitness training business, others just might want to work for themselves and not have a boss, whilst others […]
How to Choose an Invoice Finance Provider
Video Transcript If you think invoice finance would be a great solution for your business, it’s time to look at individual providers. When choosing a provider, consider their ability to service the business of your size, location and industry. Once you’ve established this, make sure you ask the following questions. How flexible is their […]