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…
Business insolvencies in Australia are rising at an alarming pace, faster than most businesses are prepared to handle. In March 2025 alone, a record-breaking 1,448 companies filed for bankruptcies, followed by another 1,308 in May. These are not just numbers on paper; they signal a troubling trend that’s putting immense…
In Australia, the end of financial year (EOFY) on June 30 marks a pivotal time for businesses to finalise their financial records and lodge tax returns. It also provides companies with a valuable opportunity to assess their financial health over the past year. Businesses seeking debt collection also use this…