Archive for 'Featured Articles'
SME’s seek alternative funding despite interest rate drop
The bottom line is that funding is becoming more expensive for SME business bank customers despite a backdrop of central interest rates and federal government rhetoric.’ PKM Group, a small container transport company located in Sydney’s south west had aspirations for growth. An organic increase in the demand for its service…read on
Invoice Factoring And Discounting – The Australian History
Ok so we have covered the history of invoice factoring in our last blog post, so now it’s time to focus on how it all began in Australia. Factoring saw its beginnings in Australia in the early 1970s initiated by the non bank financial institutions and organizations…
Invoice Factoring And Invoice Discounting – A Brief History
Never heard of invoice factoring before? Thought it was something new? You will be surprised to know it’s almost as old as sliced bread! Get the history and learn if you might benefit from using it. The concept of invoice factoring revolves around buying a business’s unpaid invoices…
Effect Of Invoice Factoring On The Cash Flow Cycle
The plug again for Invoice Factoring. Let’s take a quick look at Invoice Factoring again, after all it is our main service offered to small businesses so we are allowed to plug it once and a while. The typical business cash flow cycle involves delivery of goods or services, along with the invoice to the customer…
Quality Control, Does It Improve Cash Flow?
Don’t let your business breakdown from poor quality. Any business strives to ensure that goods against orders are supplied properly, and any possibility of goods returned is minimized. This is because, returned goods mean that the customer is either not happy with the goods….
How Do You Manage Legal Risk? Peter Aked – Eakin McCaffery Cox
Protecting your business with good documents might just be your last line of defense! In today’s economy managing business legal risk is one of the most common challenges businesses face. This week Peter Aked from Eakin McCaffery Cox explains that there are two aspects to this…
Is It Worth Paying A Collection Agency?
When your frustration has completely boiled to the surface with you debtor/s it may be time to call in a debt collection agency. Typically once your invoice has reached 90 days the chances of recovering your debts becomes exponentially lower…
The Cost Of Employee Theft
“The Australian Retailers Association estimates that more than half of stock “shrinkage” is from employee theft. And the Australian Federal Police says 70% of all business fraud losses are from staff or former staff, amounting to at least $1.5 billion a year.
Discounts For Early Invoice Payments, Do They Work?
I often get complaints from new clients that they offer discounts for early payments on invoices, however their customers either send a cheque on the due date (which obviously gives them up to seven extra days!) or simply pay late and deposit the discounted amount making it not worth your while to chase them for the rest.
New Customers Can Lead To Complete Business Failure
Be careful not to be tempted by the dangling carrot of concentrating all your risk on just one of your customers, the results can be devastating to your business. Now generally speaking, as a small business owner what we are about to talk about may sound excessive when taking on new customers however as you grow and want to extend more and…
Communication Is Paramount In Preventing Insolvency, Peter Krejci From BRI Ferrier Explains
Once the howling has started from your creditors, communication is your only hope for survival! More often that not we see business owners in trouble and they fail to do the one of the most critical things, communicate with their creditors. Suck it up and get on the phone, explain your problem…you might be suprised.
Accounts Receivable Cash Flow, Your Lifeline To Survival
Rescue your cash flow by keeping on top of your debtor payments
Accounts receivable is a vital cash driver because at the end of the day, your business day’s receivable could be the defining factor in terms of the financial viability of your business.
Cash is practically the lifeblood of your business and it drives each and [...]
Why Is Cash Flow So Important For A Company’s Existence?
Whether you are a manufacturer, retailer, distributor or service provider, it is important to know and understand the internal and external factors that can impact your cash flow. In particular, it is necessary to understand which factors have a direct connection with your accounts receivables and affect cash flow.
Customer Service And Its Vital Role In Cash Flow
Listen to your customers and increase your cash flow
A very over looked area of a business and often a vital area is the customer service of a small or large business. Large companies spend hundreds of thousands of dollars on improving customer service which is usually the most common complaint area.
Small business, although with their [...]
Purchase Order Finance – How Can Your Business Benefit From It?
Purchase order finance is one of the best ways for a business to get almost instant access to funds. Every business faces a cash crunch at some time or other, particularly when suppliers are waiting to be paid, and there is no way you can get your own accounts receivables within the next thirty days. This latest article explains in details the process…
