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Make Your Working Capital Work for You: Ways to Optimise Your Accounts Receivable
Accounts receivables are one of the most important components of your working capital. Receivables refer to the money which you must receive from your debtors, i.e., the people you sell your products or services to. When you get your payments on time, your working capital remains in good health. But many people...
The New Financial Year – Building & Refining Your Business Plan
The 1st of July has whizzed past, and we're already a month into the new financial year. The end of a financial year...
A Guide to Optimizing Cash Flow & Improving the Order To Cash Cycle
Managing cash flow can be challenging even during the best of times for many businesses. The COVID-19 pandemic has added several layers of complexity in terms of managing cash flow. While timely strategies on inventory management and cost-cutting help, available data shows money often gets tied up in accounts receivables. Prioritizing accounts receivables (AR) management is the key to optimizing cash flow.
EOFY: Preparing Your SME For June 30
The handiest tips for getting your SME prepared for EOFY accounting and taxation challenges: from Government resources to best practices
Budget 2021 – What Does It Hold for SMEs?
A brief review of how Australia’s federal budget for 2021 : How it will impact SMEs and the key features of the budget from an SME view
Six Key Steps For SMEs To Manage Credit Risk
Offering credit to your customers is an effective way of encouraging them to spend more on buying your products or...
How an enhanced credit application process can protect your business from bad debts
Businesses who extend credit to their customers face the risks of non-payment or delayed payment that impacts their...
The complete guide to managing and preventing bad debts in B2B
B2B businesses face several challenges when collecting outstanding payments from delinquent customers. Developing a well-structured process, leveraging digitization, and upgrading your teams’ resources and capabilities can maximize recoveries and prevent bad debts. With an increased focus on debt management, companies can reduce high costs and lost income and enhance customer focus, customer engagement, resilience, and profits.
A CFO’s Guide To Business During The Pandemic
The global pandemic has forced nationwide lockdowns and has brought the global...
Sweeping Reforms to Business Insolvency Laws Announced Today
Major Reform of Australian Insolvency Laws announced today: What does this mean for Your Business? The Morrison...
“The October Effect”: What does 2020 hold for Your Business?
The October effect refers to the psychological anticipation that financial declines and stock market crashes are more...
What is a business credit score and other FAQs
You’re probably familiar with the personal credit score as a measure of a consumer’s ability to repay a loan....
Transforming your accounts receivable process for a post-pandemic future
How we do business has changed. Physical distance from co-workers and customers has transformed how we communicate and...
Why it’s your business to know your customer’s credit rating during a recession
The Australian economy is currently experiencing its biggest economic contraction since the1930s. Australia’s triple A...
Days Sales Outstanding (DSO) and how to halve it
Days Sales Outstanding, or DSO, is the average number of days for a business to collect a cash payment from a credit...
ABM + ezyCollect: Ajendico’s 3-step plan for accounts receivable efficiency
Di Peters, Ajendico Di Peters is the Managing Director at Ajendico Pty Ltd, Australia’s leading Advanced Business...
How to ask customers to pay their outstanding balance during COVID-19 (+ email template to get paid now)
COVID-19 has changed trade as we know it, perhaps forever. What hasn’t changed is your need to get paid on time....
New: Credit Insights to safeguard business against credit risk
Business has never felt riskier. The economic uncertainty delivered by COVID-19 has put question marks over everything...
How to collect unpaid invoices during COVID-19: Debt collection webinar
COVID-19 has spun business on its head. While some businesses are powering on, others are scrambling to survive....
New debt collection laws: How they affect your business
Under temporary new Australian laws relating to corporate debt collection, creditors still have the right to enforce...
JobKeeper explained: Income support to keep jobs
*Updated 22 July 2020 following amendments by the Australian Government on 21 July 2020* Existing JobKeeper payments...
How to get your business cash flow boost from the Australian Government
On 24 March 2020, the Australian Government’s Economic Response to the Coronavirus package passed without objection...
Speed up your cash recovery process online for free
As of today, ezyCollect has committed to setting up businesses with its online accounts receivable platform for free...
Bank-by-Bank COVID-19 Business Support
The financial contagion of the COVID-19 pandemic is expected to reach every business and every household. No one...
*Updated* Australia’s economic stimulus: Keep businesses in business
Updated 22 March 2020: The staged total economic relief package so far from the Australian Government and the Reserve...
10 strategies to protect your business in an economic downturn
At its first meeting in 2020, on March 3rd the Reserve Bank of Australia (RBA) cut interest rates to a record low of...
Why other businesses get paid faster than you: The secrets to their competitive edge
Every business banks on its competitive edge in order to grow. Successful businesses deliberately expand their...
10 key takeaways from NetSuite’s SuiteConnect Sydney 2020
What do a Mexican fast food restaurant chain and a home loan lender have in common? NetSuite, it seems. SuiteConnect...
This is why we have debt collection guidelines
A few landmark cases in Australian courts have highlighted the importance of following debt collection guidelines when...
New integration: PBS test drives Attaché software plus ezyCollect
Brendon Page Brendon Page is an Attaché software veteran, clocking more than 24 years of experience with the suite....
Demand letter template: The correct way to write a letter of demand
A demand letter can be a powerful addition to your collection strategy. Think of it as being more formal than your...
