Avoiding First-time Small Business Owner Mistakes

invoice finance

Setting up your first small business is likely to evoke a combination of exhilaration and excitement, as well as the sheer terror of knowing how many things could go wrong. There are some common mistakes that first-time small…

How to Capitalise on Your Data

Most organisations have already started to move towards advanced data and analytics. Advanced analytics and analytics in general, not only adds value to business operations and drives profitability but also offers a wealth of possibilities if utilised effectively….

Employing Efficiency In Debt Collection Services

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Debt collection is a demanding process. It consumes resources, time and money. In most cases, this happens because of inefficiency in the management of the debt collection process. Lack of adequate capacity to track down debtors is a…

Five common misconceptions about invoice financing

Five common misconceptions about invoice financing

Managing your cash flow well is often the determining factor as to whether your company succeeds or fails. Fortunately, the advent of invoice financing has made addressing this challenge much more comfortable. With customers often taking more than…

A cure for cash-flow concerns

A cure for cash-flow concerns

If you’re a small or medium sized business struggling with cash flow problems you are absolutely not alone, but there are steps you can take immediately to take back control of your finances. No business, large or small,…

Signs you have a bad collection process

Signs you have a bad collection process

Unpaid invoices have a great impact on a business as they create negative cash flow, which may result in such poor performance that it affects the relationship with suppliers, own employees and can furthermore cause a business to…

Eight tips for improving your payment terms with suppliers

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To keep your business successful it is important to keep a close eye on cash flow. If you do not control how much money is coming in and going out, your business is most likely to experience the…

Centrelink’s debt recovery disasters continue

debt recovery

The welfare agency Centrelink has been under investigation for months now as a result of its automated debt recovery scheme, also called robo-debt. Due to the controversial system, more than 20,000 welfare recipients were accused of over-payments and…

Debt collection practices to revisit before 2019

debt collection

The Australian Supplier Payment Code is administered by the Victorian Small Business Commission. Under the code, businesses are asked to pay suppliers within 30 days of receiving an invoice and to not after the arrangement without a valid…

What trade credit insurance can provide you

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Unfortunately, a lot of bankruptcies happen due to unpaid invoices. Trade Credit Insurance is a great way to protect your cash flow from political risks and non-payment trade-related debts owed to you. Unpaid invoices can happen for many…