For many seasonal businesses, the excitement of the peak season comes with an underlying challenge: managing finances once the busy season ends. When sales slow down, maintaining a consistent cash flow becomes a serious concern. Strong accounts receivable (A/R) management strategies help bridge that gap by ensuring receivables are collected…
Late payments are more than just a frustrating inconvenience. For many businesses, it creates a ripple effect that touches nearly every part of operations, from day-to-day cash flow to long-term growth opportunities. In Australia, businesses lose an average of over AU$ 2,400 monthly due to delayed invoices. The impact is…
Over the past decade, the way Australians borrow and spend has changed dramatically. Traditional credit cards still account for a huge share of household debt, with total balances reaching $41.96 billion as of mid-2025. However, newer credit models like Buy Now Pay Later (BNPL) have made access to credit easier…
Effective credit control is more than just monitoring accounts. It requires a deliberate strategy to protect revenue, maintain cash flow stability, and support sustainable business operations. Poor management of customer credit can lead to payment delays or defaults, which disrupt operations and strain business relationships. Businesses that take proactive credit…
Accounts receivable (A/R)—the money owed by customers for delivered goods or services—is a critical component of a company’s financial health. Efficient management of A/R ensures the timely collection of payments, supports operational continuity, and fuels business growth. Conversely, inefficiencies in A/R processes can trigger a range of challenges, such as…
Late payments are one of the most persistent challenges for Australian businesses. According to industry reports, insolvencies in Australian enterprises rose by 57% over the past year due to delayed payments. Others attribute delays to invoicing errors, disputes, and unclear payment terms. But behind many of these issues lies a…
Late payments remain a systemic threat to Australian businesses, with 2024 data showing approximately 39% of enterprises facing extended payment delays. The crisis has intensified to the point where the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) reports a 50% rise in calls from SMEs facing insolvency due to…
Australia has experienced several economic downturns in recent decades. Supply chain disruptions due to a global pandemic, combined with persistent inflation, significantly affected small and medium-sized businesses (SMBs) in recent years. Many businesses with unclear payment terms and weak collection efforts struggled to maintain their cash flow and ensure long-term…
Australian businesses face ongoing economic challenges shaped by years of disruption. Although the COVID-19 pandemic peaked in 2020 and 2021, its lasting effects on payment habits, consumer confidence, and financial stability are still evident across the country. Rising inflation, interest rates, and increased credit reliance add further pressure. Recent data…
Late payments are a growing issue in Australia, with small and medium-sized businesses (SMBs) often bearing the brunt. When invoices go unpaid for 30, 60, or even 90 days, it disrupts cash flow and makes it difficult for enterprises to pay their own bills, suppliers, or staff. Over time, this…
Late payments are on the rise, and businesses are feeling the pinch. According to CreditorWatch’s Business Risk Index, September 2024 saw the highest level of late payments since March 2021. The rate of B2B payments overdue by more than 60 days jumped 21.4% year-on-year and 7.9% since the start of…
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,…