The outlook for Australia’s economy might be improving, but there appears to be no end in sight to the cash flow pressures hitting most SMEs, with a higher than average number of debtors defaulting on what they owe due to insolvency, said cash flow finance specialist, Oxford Funding.
Global cash flow finance specialist, Bibby Financial Services, expects demand for invoice financing to continue to grow by around 20 per cent this year as small businesses seek better ways to manage their cash flow and more flexible business finance arrangements. Greg Charlwood, Asia-Pacific chief executive of Bibby, reports the company’s Australian business grew by […]
A new survey commissioned by Westpac and conducted by TNS, has found that business women are less optimistic about the economic downturn that their male counterparts. The survey of financial decision makers in small and medium sized businesses found that 60 percent of women are less confident in their ability to successfully manage their business […]
The Commonwealth Bank yesterday announced a funding package designed to support small business growth. The Small Business Investment Package will address small businesses’ short and long term needs, says Ian Narev, head of the bank’s Business and Private Banking division. “There’s a misconception out there that small businesses do not have access to the lending […]
Business industry expert Taine Moufarrige has predicted that the “nimbleness” of small and medium sized businesses will enable them to flourish in 2009 and pull Australia out of recession. This comes off the back of news that Servcorp, the world’s finest serviced office and business solutions company, has posted positive half year results, with a […]
Second in our series on ‘The True Cost of Exporting’ is the cost of finance, from working capital to performance bonds and money for growth. Watching interest rates jump and dive in the last 12 months has been an uncomfortable ride for many borrowers, but particularly for exporters who must simultaneously contend with fluctuating exchange […]
Try the following debtor management tips, from Dun & Bradstreet, to ease your cash flow: *Set clear policies at the outset of a credit agreement. *Get a signed contract. *Always conduct a credit check prior to the extension of credit. *Issue invoices promptly. *Monitor your accounts receivable on an ongoing basis. *Gradually escalate pressure on […]
Improving your finances is about more than just getting more clients or more sales across the line. In some cases, growth can actually elicit problems in the business, especially if cash flow management isn’t regulated. Christine Christian takes us through simple steps to help manage cash flow and mitigate risk. Cash flow is the lifeblood […]
Payment gaps in the export process can cause havoc with an exporter’s cash flow. Peter Mace examines solutions to help you better manage your export cash flow. There are many challenges for exporters, from finding a buyer and finalising a contract, through to organising a shipment and getting paid for it. Many of these steps […]
In theory, cash flow management is simple. Enough money must come into a business in time to pay bills and fund development of more products or services. But many business owners allow a chink to develop in their cash flow plan, and if the chink becomes a gulf it can be fatal. Rob Dalton offers […]
