Apricity at the GEA Expo
We recently exhibited at the GEA Supply Chain Expo. This was a fantastic event, where we made contact with a number of businesses across a wide range of industries including mining and mining services, manufacturing, transport and logistics, professional services and many more. Following the event we ran a quick survey as we are always […]
Australia’s Kate Carnell fighting the good fight
We love Australian Small Business and Family Enterprise Ombudsman Kate Carnell. At Apricity Finance, we believe that she speaks the truth and really understands the needs of small to medium businesses across the country. A recent article in SmartCompany quotes Ms Carnell’s warning that SMEs won’t be able to sell their businesses unless access to finance improves. […]
Qantas Voucher Competition Winner
Congratulations to the lucky winner of our recent competition, Megan Rabbitt-Sutton, the Financial Manager from Wolff Group based in Toowoomba, Queensland. Megan is the recipient of a $250 Qantas voucher. When asked what does Apricity mean for their business, Megan said “the potential to fund invoices and possibly invest further into the growth of their business”. […]
5 Tips For Securing Invoice Loans With Minimal Risk
Cash flow finance is usually a major concern for small and medium businesses, particularly in recent years when invoicing periods have increased to 30, 60 and 90 days. If you want your small business to survive, it is essential to think outside the box, which is where invoice loans come help. Unlike other business loans, invoice […]
Can invoice finance work in Agriculture
Primary producers have enjoyed the fastest invoice payment times of all business sectors in Australia since 2015, according to industry analyst, illion (formerly Dun & Bradstreet). However, the agriculture sector experienced a sharp 3.2% decline in invoice payment times during the December quarter in 2017. As if our farmers don’t have enough uncertainty, late invoice payments must certainly add […]
OVERDRAFTS, SMALL BUSINESS AND THE BANKS
Small businesses face many challenges, but one of the biggest obstacles can be obtaining external finance (The Availability of Business Finance, RBA). Many small businesses have typically relied on bank facilities, such as overdrafts, to manage cash-flow shortages, however the RBA states that lenders appetite for this is decreasing. In a speech just before Christmas, […]
How late payments are sending small business to the wall
The Australian Government is being urged to legislate against late payments by big companies to small businesses as SMEs are being sent to the wall due to cash flow issues.
Construction Businesses Need Proactive Cashflow Management
Cash flow management can be challenging and many in the construction industry have developed a complacent approach to such, operating their business unaware of their current cash flow situation.