OptiPay

When it comes to managing your cash flow, which are you choosing - traditional bank loans OR invoice finance? 🧐 There's pros and cons to both, but there are distinct differences between the two funding solutions. To learn more about what financing avenue may be best suited to your business, click here: https://lnkd.in/gBSnPHuU #cashflow #cashflowmanagement #fintech #financialservices #funding #invoicefinance #bankloans

Struggling with payments delays? This one is for you 👇🏻 Late payments are a persistent challenge for SMEs, so much so that it's become quite common for businesses to factor in payment delays when managing their cash flow. The hard truth is that cash flow gaps caused by unpaid invoices can threaten the long-term survival of a business. Fortunately, there is a solution - invoice finance. To learn how to use invoice finance as a lifeline for immediate capital injections, without adding debt to your balance sheet, read our latest blog: https://lnkd.in/ghPjZX4b #invoicefinancing #invoicefinance #cashflow #cashflowmanagement #financialsolutions

What if I told you there was a way to improve your cash flow, immediately, without taking on any debt? At the crux of it's, that's the power of invoice financing. To learn more about invoice financing and how you can leverage the financial service to improve your cash flow, read this weeks blog: https://lnkd.in/ggbjfYAS #cashflowmanagement #invoicefinancing #smes

Looking for innovative strategies that reduce costs without compromising on quality? Here's one 👇🏻 Purchasing second hand office equipment! Opting for pre-owned office furniture, technology, and supplies can provide substantial cost savings, allowing businesses to reallocate funds toward opportunities more aligned with growth endeavours. Learn how to successfully implement this cost-savings approach here: https://lnkd.in/gimB9mzK #secondhandpurchases #cashflowoptimisation #reducingcosts #financialservices #blog

In our latest collaboration with SmartCompany, Angus Sedgwick, OptiPay's CEO, discusses the impact of a tough economic climate on small business cash flow. Customer data we collected shows the average invoice payment time currently sits at 38 days, up from 31 days in early 2022, and could spiral beyond 40 days in mid-December. A sluggish economy, worrying business insolvency numbers, seasonal factors like holiday leave and debt collection efforts from the Australian Taxation Office (ATO) are all complicating factors. To learn how to optimise your cash flow this festive season, read the full article: https://lnkd.in/g84NVX9M #cashflowmanagement #invoicefinancing #christmasbreak

Looking to save on business expenses without compromising on quality? Then check out our latest blog on negotiating better deals with vendors! From securing discounts to comparing services, the nine strategies we delve into will help you reduce operational expenses, allowing you to reallocate budget into growth opportunities. Read the full article here: https://lnkd.in/gUdfV2XJ #negotiations #cashflow #businessexpenses #smallbusinesstips

As competitive as the job market has become, having ease of access to pay can tip the scale in your favour of attracting and retaining top recruits. Companies have adopted Earned Wage Access (EWA) to empower their staff to access earned wages before payday. While it’s no skin off your nose, giving your staff greater access to their pay can have a great impact on their well-being. This proactive approach can lead to higher engagement, lower turnover, and an overall boost in productivity, making EWA a win-win for both employees and employers. We created a comprehensive datasheet that outlines how EWA can benefit your business, covering the key features, benefits, and steps to implementing it. Explore how this innovative solution can help your business stay ahead of the competition.. https://hubs.li/Q02Qcy0X0 #EarnedWageAccess #Tambla

This company came to us with a great level of knowledge on alternate funding solutions for SMEs, but was dissatisfied with their current position. Thanks to the Trade Credit Insurance we offer all our clients, we were able to provide them with better facility conditions - giving them access to a greater amount of funds advanced 💪🏻💪🏻 Our goal is to support the growth of businesses in Australia, so it's always a great day for me when a client leaves happy and ready to tackle growth opportunities. Need help optimising your cash flow? OptiPay #invoicefinancing #fundingsolutions #financialservices #casestudy

A slept on resource for reducing operational expenses? Credit cards 👀 Credit card rewards programs enable businesses to transform standard expenses into valuable benefits. Credit card rewards typically come in three main forms: cash back, travel miles, and points. Here's how you can leverage credit card programs to boost your bottom line: https://lnkd.in/gFV2APhN #cashflowoptimisation #creditcards #rewardsprograms #financialservices

Late payments are one of the biggest reasons for the cash flow struggles of the average Australian small business. Speak to any owner, and chances are they’ll have a story about an unpaid invoice, time spent on the phone chasing debtors and bills they simply give up on, Angus Sedgwick, CEO of OptiPay, explains how you can stop the bad debt train in its tracks.