Payment disputes are a frustrating but common reality in business. In 2024, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) acknowledged how these delayed payments can impact cash flow and, potentially, the supply chain. This comes after 42% of the ASBFEO’s assistance cases were payment disputes among small businesses. …
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…
In today’s hyper-connected world, a business’s reputation is more valuable than ever. With consumers having instant access to information and reviews, a single misstep can drastically impact public perception and, in turn, a company’s bottom line. Among the many challenges businesses face, managing the delicate balance between effective debt collection…