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 […]
MEDIA RELEASE: Australian SMEs still suffering; says broker community
Is this the ‘canary in the coal mine’ for a small business cashflow crisis? The people that small business owners turn to for independent advice believe that cashflow management and access to finance are only getting harder for SME businesses. A recent poll of the finance broker community, commissioned by invoice finance specialists Apricity Finance, has demonstrated that the key […]
“Poor cash flow is the primary reason for business insolvency in Australia” – Kate Carnell
Poor cash flow is the primary reason for business insolvency in Australia” – Kate Carnell, Australian Small Business and Family Enterprises Ombudsman The Australian Small Business and Family Enterprises Ombudsman (ASBFEO) has released a report of large business payment terms, with the aim of measuring the impact of delayed payments on small business. Large businesses across […]
Australia’s worst payers to be ‘named and shamed’
Companies that inflict long payment terms on their small business suppliers are now facing the possibility of public naming and shaming under a review of payment times outlined this week by the Small Business Ombudsman, Kate Carnell. The review will include a survey of small businesses as well as request information on payment terms and […]
