At the start of 2025, Australian businesses’ insolvencies were at record highs, up 57% year-over-year. B2B payment defaults, a leading indicator of insolvency, have more than doubled in the past year. This signals increased financial stress and potential payment delays. However, it is only one side of the bigger picture.…
Effective management of accounts receivable is vital for maintaining a healthy financial ecosystem within any business. While often underestimated, unpaid overdue invoices can substantially impede sustainable growth and efficiency. These outstanding debts can disrupt cash flow, stifle growth, and compromise long-term financial stability. To mitigate these risks, businesses should develop…
Chasing unpaid debts feels like it should be simple – until you are the one doing the chasing. Debt recovery, in theory, is a straightforward process: a creditor demands payment, and the debtor complies. But in reality, it is a game of persistence, negotiation, and strategic approach. Yet, recovering…
Cash flow is the lifeblood of any business. Whether you’re a small enterprise or a large corporation, effective cash flow management is crucial for maintaining financial stability, enabling growth, and ensuring long-term success. Poor cash flow management can lead to financial stress, hinder business operations, and even result in insolvency.…
Collecting debts can be a frustrating endeavour, especially when dealing with stubborn and dishonest customers. This often places a significant burden on business owners and staff, particularly in micro, small, and medium enterprises with limited resources. When invoices remain unpaid, companies may face challenges that can disrupt operations, hinder growth,…
A steady cash flow is a key factor for sustained business growth, ensuring that Australian businesses have the funds for day-to-day expenses. However, certain disruptions, such as unpaid debt from consumers and other firms, can affect stability and cause a financial decline, making it challenging for a company to pay…
In the fast-paced world of business and personal finance, managing debts effectively can be the difference between financial success and unnecessary stress. Pre-debt recovery, a proactive and strategic approach to addressing potential debts before they become problematic, has emerged as an essential tool for businesses and individuals alike. This blog…