Enforced reverse factoring models are severely impacting SMEs
Last week the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell released their preliminary findings on the impact of supply chain financing (SCF) on the SME sector. The review was in response to concerns over the increasing number of big businesses using SCF (as a method of reverse factoring) as a way not […]
SME’s and mega projects – should your business be tendering?
The Australian Infrastructure Audit released last month predicts that Australia’s population will grow by 24 per cent reaching 31.4 million by 2034. The outcome of this will be significant pressure on infrastructure, particularly in our largest cities. The 2019 Budget saw the Federal Government pledge to invest $100 billion over 10 years to manage the needs of […]
Can changing your credit terms get money back into your business sooner?
Businesses today have a substantial amount of money sitting in their accounts receivables. Accessing that money and getting it into your business is no small task, with more than 40% of invoices paid late. We are well aware of the problems fluctuating cashflow can create in a business with a report earlier this year citing late […]