Invoice finance for healthcare and medical suppliers
Healthcare and medical suppliers are growing industries. IBIS World reports that the industry in Australia is worth $137b per year, employs 850 thousand people and boasts a growth rate of 4.6% from 2013-18. This is in stark contrast to a GDP growth rate of less than 1%. The aging population, technological advances and private health insurance […]
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”. […]
Apricity News + your chance to win a $250 Qantas Voucher
Apricity News + your chance to win a $250 Qantas Voucher Why is it that in Australia, we seem to be continually let down by the leaders in the economy, politics and more recently – our sporting teams? Without getting in to Ball-Tampering-Gate, I do think that as a nation, it’s important to admit when […]
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, […]
Can importers use invoice finance?
Invoice Finance is something that is used by Importers all over the world. It can provide instant liquidity, business flexibility and growth. At Apricity Finance we have experience in dealing with Importers and their financial needs, especially as relates to clients experiencing fast growth and spikes in trading volumes, which may cause cash flow stress. HOW […]
Accountants urge government to legislate the late payment of small businesses
The Institute of Public Accountants (IPA) is calling for the Federal Government to introduce a loan guarantee scheme and legislate maximum payment times for business-to-business transactions in order to improve financial implications faced by small to medium businesses.
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.
Cashflow finance – getting the facts straight
From Alan Hewitt For any business owner, cashflow dictates whether you live or die. Protecting it and maintaining control must be an absolute priority if your business is to flourish. But with customers setting their own terms as to when you receive payment, this can be difficult to do. There are a wide range of […]
Queensland mining suppliers call for return to fairer payment terms
The current 60-day payment terms of major mining houses operating in Queensland are having a significant negative impact on local small to medium businesses.
Small Business Commissioner Kate Carnell targets government for faster payments
A new campaign lead by Small Business Ombudsman Kate Carnell, may require contractors from some of the federal government’s biggest spending departments to pay small businesses within 30 days.
