Dealing with Late Payments

More than 90% of businesses have at least one invoice overdue. To the majority of SMEs, even a single overdue payment could be critical in disrupting operations and breaking the flow of growth. While late payments can hamper cash flow, another detriment is that time spent chasing customers for...

What the EOFY means for your SME

It’s 30 June and you’ve had another successful year of selling your goods or services to loyal and satisfied customers. Now what?

Cash flow Advice for Your Recruitment Business

The recruitment industry is expected to expand over the next five years, following the latest industry reports discussing the predicted fall in national unemployment rates. With growth in the labor force expected to boost recruitment demand, the need for healthy cash flow is paramount for growing...

The reason SMEs are turning to fintech

Fintech is still a new word, in fact, a lot of people don’t know what it means or what to apply it to. It only appeared in the online dictionary in 2018. It’s a portmanteau of ‘finance’ and ‘technology’, and like the source words would suggest, it has become the word used to describe the plethora...

Are delayed customer payments slowing down your business?

Cash flow, or more precisely, poor cash flow, can be hugely detrimental to businesses. Often a result of late paying customers or long invoice terms, business owners are left strapped for cash scrambling to try and make ends meet. For most, funding options are limited, and business doesn’t stop...

3 Ways Fintech Can Boost Your Business

Financial technology, or fintech, is drastically changing how we live and how we do business. As the founder of a fintech company, I see first-hand every day how financial technology is improving the lives of business owners and giving them a competitive edge. Fintech enables wide ranging benefits...

Cutting the wrong corners

When cash flow comes under pressure, many businesse owners look to cut spend wherever possible to help weather the storm. The problem, however, is if you start making cuts in the wrong areas you’ll find yourself out of business even quicker than if you hadn’t.

5 reasons you should Consider government as a customer

Many businesses consider working with government to grow and build a sustainable revenue base. However, a large number also shy away from tendering for these contracts because they are unsure the government will engage with them.

Plugging the holes

Running a business can be a time-consuming occupation, and once all of the daily minutiae is under control it can leave little time to worry about managing cash flow properly, let alone optimising it.