#Payments
New Xero report: Late payments cost small businesses $7billion a year
A new report from Xero, the global small business platform, reveals for the first time the magnitude and impact of late payments to Australian small businesses, putting the value of outstanding, late payments at $115 billion a year. The research finds that half of all trade credit invoices are paid late and that solving the […]
Novatti launches platform for Chinese residents to pay BPAY billers with AliPay
ASX-listed fintech Novatti Group has launched a new bill payment solution for members of Australia’s growing community of Chinese residents, migrants, students and toursist, resulting in its shares surging more than 36% in a day. The chinapayments.com platform enables consumers to pay billers registered with the BPAY electronic bill payment system, using funds from their […]
Top tips to get your SMB paid by EOFY
Getting paid: one of the toughest issues every small business owner faces. As if building a great reputation, creating a stellar client list and securing sales isn’t hard enough – sometimes weeks go by and business owners are still waiting to see the money in the bank. Last year, data from MarketInvoice highlighted Australia as one of the […]
Could your business use a financial detox?
Regardless of the successes your business achieved in 2016, a ‘financial detox’ is an invaluable opportunity to take things to the next level this year. Like a personal detox, a business cleanse is focused on boosting energy levels and performance. Specifically, it’s all about understanding your financial vulnerabilities and cash flow pressures and creating a foundation to fund […]
New app allows business owners to take payments on their wrist
The payment platform, eWAY, that powers over 20,000 online businesses and processes over one quarter of all the online spend in Australia will now enable business owners and sales people to take payments from their wrist. Paving the way with mobile payment innovation, eWay has developed a new app for the Apple Watch that enables […]
Businesswomen who underpaid because minimum pay rates are “just crazy” fined $228,000
A $228,000 fine has been handed down to the operator of a travel services company for underpaying an employee because she thinks the requirement of minimum pay rates is “just crazy”.
Incumbent businesses struggling to put customers first
With the end of the financial year behind us now is the time of year to come up with resolutions, especially for small to medium sized enterprises.
Time to prioritise and get ready for EOFY
The recent budget has given small businesses a lot to think about, and it’s no wonder some are struggling to prioritise what needs to be done in the next couple of weeks.
Less English, less pay: Restaurant owner admits underpaying workers according to English skills
The owner of a restaurant that last year catered for the Chinese President’s travelling party to Hobart has admitted to underpaying an employee because her English skills were simply not up to scratch.
Google taking on Apple Pay with Android Pay
The latest service from the tech giant puts it directly in competition with services such as Apple Pay and Samsung Pay.
Cash flow is a whole of business system, not just an invoice and collect system
Remember, you may be invoicing business to business, but there are real people at the other end of the process and their emotions can and will affect how quickly you get paid.
Are you a hypocrite? How do you compare when it comes to paying suppliers?
Are small businesses guilty of paying other small businesses late? Are the people whinging also the source of the problem? Could it be that we are hypocrites?
10 cash flow resolutions for small business
Your organisation may be making sales left and right, but if you’re not collecting funds from these transactions, you may find yourself with insufficient cash during critical periods.
Small businesses to benefit from growth in cross-border transactions
Over two million Australian small businesses are positioned to benefit from growing global trade with online sales to foreign buyers forecast to triple to $16.1bn by 2018.
What you need to know about direct debit customer billing
Don’t look now, but the ‘subscription economy’ is arriving at a business near you.
Business lending declines as creditors crack down
Business-to-business lending rates have declined as creditors get strict about payment terms, according to trade credit analysis conducted by Dun & Bradstreet. It revealed that during the GFC many organisations relied on extended credit terms from suppliers to stay in business but these terms have since retracted.
EFTPOS hits one billion transactions in 6 months in Australia
EFTPOS transactions continue to surge in Australia, with one billion transactions processed in the six months to the 31st of December 2010.
Harold Dimpel – serial entrepreneur and ‘New Inventors’ winner
Harold Dimpel is a serial entrepreneur with a passion for technology and communication. His latest venture, mHITs, is the next big thing in mobile payments.