ArchivesTag : factoring
Why SMEs Have To Look Outside The Box For Funding
It’s time for business owners to venture outside the banks…Pre-election time in Australia. A sit and wait time for business. Both sides talking a big game. But what will come of it? Probably not much. Things will almost certainly settle-down a bit. There may be an increase in projects related to infrastructure, but the outlook, particularly for SMEs, is not rosy.
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…
Insolvency – don’t be part of next months statistics
With the February 2009 Insolvency Statistics hot off the press from ASIC, we are all reminded of the consequences of poor cash flow management.
As the new Business Development Manager for AR Cash Flow, it frustrates me to see these figures – as a downturn in the economy is often a great opportunity for growth. Companies [...]
Don’t become a cash flow casualty
I can’t help but get frustrated after reading the last paragraph and article on www.bridgingandcommercial.co.uk about invoice factoring and discounting which is completely incorrect. The author of this article stated that the costs are 20% to use the product, this is such a gross over statement and the author obviously has no idea about how [...]
Is a factor really a debt collector?
A common question a potential client will often ask me is: Will you hassle my customers? The simple answer to this is no. Yes we do collect your money for you and yes we do chase payments for you. However, factors only really do what you do, or what you should be doing. This means we simply [...]
The Just In Time Approach (Jit) To Business Finance
I am sure you are familiar with this inventory strategy associated with the processes of reducing stock and therefore carrying a minimum cost.
The Japanese car manufacturers have pioneered this approach for its many advantages: Improve productivity, eliminates waste, improves quality, saves costs and brings production in line with demand.
Now, you are asking yourself, what does [...]
Factoring finance brokers educate and profit!
Boost your income by offering invoice factoring
Over the years I have found that the main opportunity we have with our introducers is not dissimilar to that of our direct clients. The main opportunity is education.
When you speak to an introducer you will find that most if not all have heard of factoring. However, only a [...]
Is the Insolvency wave about to hit us down under?
After reading a recent article at bloomberg.com (read it here) I hope that just because we got carted over here from England to what should be the “mother land” that we are not going to inherit their recent rising insolvency rate amongst small businesses.
Things seem to be going from bad to worse in the U.K, according [...]
Don’t put off applying for business finance – time is critical
I guess a frustration for me and a frustration for our prospects/clients is business owners waiting till the last minute to apply for factoring to get them access to working capital.
All too often we have a potential client ring up and ask if they can get money against their invoices in a few days. I [...]
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 [...]
