Octet

Empowering business growth: Octet is proud to provide innovative supply chain finance solutions to support a leading mobile crane hire company.   Founded almost two decades ago, this family-owned business has grown rapidly, delivering exceptional mobile crane hire, rigging, and labour hire services across Australia. Despite their success, they faced cash flow challenges due to the delayed client payments and high operational costs often faced with major construction projects.   To address these issues, the company was referred to Octet by their commercial finance broker for a tailored financing solution. Working closely with the business to understand their challenges, we structured a $10m Debtor Finance facility that allowed immediate access to funds against outstanding invoices and ensured ongoing optimal cash flow.   As a result, the business can cover operational costs, invest in growth, and maintain their high service standards. The financing we provide enables the company to continue meeting the needs of major infrastructure projects, reinforcing its reputation for reliability and excellence in the industry. With Octet’s support, the company is well-positioned for future success and continued expansion.   Thank you to our commercial finance broker partner and Sam Ralton (Octet’s Director Working Capital Solutions – VIC, TAS, SA) for helping to facilitate this deal. Discover how we’re powering success for Australian businesses at https://lnkd.in/gX7DsBK7   #WorkingCapital #SupplyChainFinance #DebtorFinance

We’re pleased to announce that Declan Harrington has joined the team as Director, Payment Solutions, based in Melbourne. Declan comes with a background in working capital solutions, card issuing, Buy Now Pay Later, and merchant acquiring, driving growth and creating strategies to deliver success.   Outside of work, he enjoys spending time with family, dancing with his 2-year-old daughter, and recently resumed (“foolishly” in his words) playing cricket again.   Please reach out to Declan to discuss your business’s financing needs.   Welcome to Octet.

Empowering business growth: Octet is proud to support a leading provider of safety services for rail infrastructure projects with our innovative supply chain finance solutions. Despite rapid growth and rising revenues, they faced significant cash flow challenges due to aged receivables. To address these challenges, they partnered with Octet for a tailored working capital package. Securing a debtor finance facility, plus additional funding solutions, they unlocked the cash flow needed to continue expanding and taking on new projects. This gave the company the boost they needed for further growth and to strengthen their position in the industry. If your business is facing similar challenges, working capital financing could be the key to unlocking future growth. Thank you to our commercial finance broker partner and Dan Verdon (Octet's Director, Working Capital Solutions - NSW), for helping to facilitate this deal. Read their full success story and discover how we’re powering success for Australian businesses here https://lnkd.in/gZHhz9Rb #WorkingCapital #DebtorFinance #TradeFinance #TermLoan

Discover the latest financing trends shaping the future of businesses in Australia. From blockchain innovations to AI-driven supply chain management and cybersecurity concerns, our article explores key insights and strategies to navigate the evolving financial landscape. Read on to get essential tips to manage your supply chain, optimise your business cash flow and stay competitive. #financetrends #financialinnovation #supplychainfinance

We’re excited to welcome Rudy Messerschmidt as Director of Working Capital Solutions, QLD. With almost two decades of experience at ANZ and NAB, specialising in business banking, trade, and cash flow finance, Rudy brings a deep understanding of business needs. Beyond his professional expertise, he is a lover of loud music, craft beer, slow-cooked meats, and cycling. Please reach out to Rudy to discuss your business’s financing needs. Welcome to Octet.

Empowering business growth: Octet is proud to provide innovative supply chain finance solutions to support a leading commercial and residential solar energy manufacturer and installer in Queensland. With demand increasing in the industry, the business faced significant cash flow challenges due to high upfront project costs, and seasonal demand fluctuations. With costs for equipment and labour needing to be paid prior to installations, and customers often having extended payment terms, the installer has to generally wait a significant amount of time to receive payment after completing a project. This can put significant strain on cash flow. Through the advice of their finance broker, they partnered with Octet to seek a finance solution to optimise their cash flow. After reviewing their business model, we were able to tailor a $4m Trade Finance facility, including flexible repayment terms, so the business could secure the working capital needed to mitigate risks associated with customer payment delays and seasonal demand volatility. The funding we provide allows them to purchase equipment, cover project costs, and maintain smooth operational cash flow year-round. Thank you to our commercial finance broker partner, Gavin Dudley of Vincents Lending Solutions, and Allan Howe (Octet’s Director Working Capital Solutions – QLD) for helping to facilitate this deal. Discover how we’re powering success for Australian businesses at https://lnkd.in/gX7DsBK7 #WorkingCapital #SupplyChainFinance #TradeFinance

Empowering business growth: Learn how a GP practice, struggling with payroll tax uncertainties, partnered with Octet to manage payments to contracted doctors and improve cash flow using Points4Pay — our innovative payment solution for the health and dental industries. From reducing administrative burdens to accelerating payments and offering frequent flyer rewards for doctors, Points4Pay is designed to help medical practices streamline operations and thrive. With Points4Pay, the Queensland-based practice could receive service fees within 24 hours and therefore maintain a steady cash flow to cover payroll and operational costs. Read on for insights from Tim Bowring, Octet’s Head of Sales for Health, to discover how Points4Pay transformed this practice and how it could work for your medical facility https://lnkd.in/gAsqh3Ju #Healthcare #Points4Pay #WorkingCapital

Looking to sharpen your business forecast and navigate uncertain markets? Our latest article explores the requirements and processes to create accurate business forecasts that boost efficiency and profitability. Whether it's budgeting or cash flow management, a solid forecast is your roadmap to financial stability. Read more to gain insights on crafting a reliable financial forecast for your business with expert tips from experienced commercial finance broker, Dennis Horne from Equipmac Finance and Leasing. https://lnkd.in/g3VEmVC8 #BusinessForecast #CashFlow #WorkingCapital

Empowering business growth: Octet is proud to support a family-owned wine producer with our innovative supply chain finance solutions. Crafting award-winning wines since the 1970s, this winemaker faced significant cash flow challenges due to the seasonal nature of wine production, with substantial outflows during planting, harvesting, and production periods. Market volatility and adverse weather conditions further complicated their cash flow management. They needed a flexible finance provider to offer funding through their supply chain and complement their existing bank facilities. To address these challenges, they partnered with us to access a $3 million Trade Finance facility. The revolving line of credit helps to pay key suppliers, covering labour, growers, production, storage, distribution costs, and other goods and services. This ensures smoother cash flow management throughout the year. With this facility the business can selectively choose which suppliers to pay via the trade finance line, with Octet offering a fixed 90-day repayment on interest-free terms. With improved cash flow management, the wine producer stabilised their business and positioned themselves for future growth. Nigel Thayer (Octet’s Director, Working Capital Solutions – WA) has structured yet another growth-driving Trade Finance facility. Discover how we’re powering success for Australian businesses at https://lnkd.in/gX7DsBK7 #WorkingCapital #SupplyChainFinance #TradeFinance

Creating a well-crafted business budget is essential for financial stability and informed decision-making. Our latest guide explores the critical role of budgeting in managing your business finances and offers practical tips to align your budget with your goals. Discover how Octet’s working capital finance solutions can enhance your budgeting strategies and ensure your business thrives. Read the full article to unlock the secrets to effective budgeting and financial success. #businessbudgeting #financialplanning #workingcapital