Submission To The House of Representatives
03/08/2021 Mr John Alexander OAM MPChairThe House of Representatives Standing Committee on Infrastructure, Transport and CitiesPO Box 6021Parliament houseCanberra ACT 2600 Dear Mr Alexander, Inquiry into procurement practices for Government-funded Infrastructure I wanted to draw your attention to a serious issue we are seeing in our business, which is impacting a large number of SME […]
MEDIA RELEASE: Research Reveals SMEs Caught Between Cash Flow Pincers
03/08/2021 Mr John Alexander OAM MPChairThe House of Representatives Standing Committee on Infrastructure, Transport and CitiesPO Box 6021Parliament houseCanberra ACT 2600 Dear Mr Alexander, Inquiry into procurement practices for Government-funded Infrastructure I wanted to draw your attention to a serious issue we are seeing in our business, which is impacting a large number of SME […]
NZ Banking turbulence– how invoice finance can help your business ride through the waves
According to a KPMG report published in February, New Zealand should expect further instability within the banking sector. This comes after a turbulent twelve months, which has seen many of the country’s banks take a hit to their profits. The main factors driving uncertainty are proposed regulatory changes as well as changes to the Reserve […]
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 […]
2009 – 2019 A lot can change in a decade…
A decade ago, you couldn’t order an Uber on your phone or indulge in a Netfilx binge on your iPad. You couldn’t swipe right to your dating future on Tinder or book a place to stay on Airbnb. As we head towards the end of the year and indeed the end of the decade, it […]
Why businesses no longer need to mix their business and personal finances
Traditionally, for SMEs looking to finance their business it was necessary to use a large chunk of personal collateral as security. In many cases this linking of personal and business finances led not only to more stress, but sometimes, day to day concerns like waiting for invoices to be paid, could have a damaging effect […]
Landing the big fish – your guide to working with big business
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 […]
Tradies cite slow paying customers and cashflow worries as top pain points.
According to new research from St George Bank, the top business concerns for tradies were identified as; being paid on time and profitability, followed by the ability to pay bills and manage their cashflow. The St.George Bank Tradie Economy Report released in July surveyed over 600 people across Australia who identified as a tradie. Most respondents work in […]
Why choose invoice finance over a ‘quick fix’ business loan
One of the most important parts of running a business effectively is making sure that capital is available to meet obligations and fund opportunities for growth. However, the needs of every small business are different and there is no ‘one size fits all’ approach to solving cash flow issues. Access to good advice and having […]
