Cash Flow Buzz

How Late Payments Are Damaging SMEs Credit Profiles

Beware the silent killer…late payments: Bills. They sit on your desk. They’re seemingly inert, but remarkably powerful. You’re stomach starts to do ‘The Lambada’ as you sift through them. You mentally prioritize who gets paid first. Experience guides you in this decision making process. Unfortunately, your process could be flawed…more

Tips To Reduce Deductions And Disputes On Invoice Payments

Keep a close eye on your internal processes! In the case of defective goods, a return is obvious. When this happens, quality control, purchasing, sales, customer service and the credit department must all have good communication so that problems are minimized.

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…

Learn to Manage the 7 Cash Flow Drivers of Your Business

I was recently having a chat to a client and he asked me if I had any advice for him in terms of running his business.

I took a deep breath because I knew I had a lot to say and it might take a while.

Is your customer having credit problems?

I had a potential client phone in yesterday enquiring about our debtor finance solution however after speaking with her for almost an hour I explained to her that we also help her business by monitoring her customers credit as part of the service, to my surprise she got a little upset and didn’t like the [...]

Cash flow & factoring are like peas in a pod

I have been reading an article in the Wealth Creator magazine (wealthcreator.com.au) and the trend in the majority of the articles is the economic climate and the toll it is and going to take on small businesses.
One particular article I noticed was the “to do” list for SME’s this year written by Sue Prestney (MGI [...]

Is it boom or gloom? Can factoring be the answer?

If you have been reading the papers a lot this year already you might have noticed a few articles popping up about the boom in invoice factoring. The constant articles skewed towards banks restricting lending and tightening up on criteria seems to be the constant theme of gloom in the small business finance sections of [...]

Protecting you cash flow with debtor insurance

One of the main things I hear from business owners who have been around a while is “I lost a heap of money to one customer when they went broke” or “I almost had to shut down my business because I lost a lot of money to one customer”. You always hear of [...]

Credit reporting and checking the credit of your new customers

I had a call from a new client yesterday who was concerned that his invoices were taking longer and longer to get paid. Some of his invoices were taking up to 90 days to be paid and he explained to me that he just wanted to stop thinking about whether or not his customers were [...]