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Articles straight from ezyCollect HQ
The Importance Of Financial Reporting And Analysis
With the End of Financial Year (EOFY) fast approaching, SMEs are now starting to prepare financial reports. But more than a mandatory report to be submitted to the taxation office, financial reports play a critical role in building a successful business. Financial reporting and analysis offer insights into financial...
Latest blogs
5 Reasons Why You Should Use Integrated Direct Debit
Learn the benefits of a fully integrated direct debit solution – how it improves your cash flow and help you build meaningful relationships with your customers.
The Human Side of Accounts Receivables Automation
Accounts Receivable automation is becoming increasingly popular in the finance sector, having the ability to replace manual processes – from invoicing to credit risk management – to save time, prevent errors and reduce costs. Despite all the latest technologies, the human touch is still extremely important for any financial automation endeavour. Let’s take a closer look at how automation can emphasize the importance of the human factor in accounts receivables.
The CFOs Guide to Digital B2B Payments
Learn all about B2B Payments and how you can improve your collections and improve your client’s payment behaviour by adopting digital payment systems in your business.
An Analysis of the 2022-23 Budget for SMEs
The Australian Government 2022-23 Federal Budget consists of special provisions for SMEs, including increased tax breaks for those businesses that invest in new technologies and skills. Let’s take a look at these provisions in greater detail in this article.
Top 10 Accounts Receivable Tips to Get Paid Faster
Learn top tips on how you can manage AR teams, increase efficiency and improve cash flow to get paid faster – as shared by accounts receivable experts.
Digital B2B Payments Show Promise But Still Face Hurdles to Widespread Use
Fintech paves the way for better transparency, especially around B2B payments. The technology promises convenience, is lightning fast, and provides many payment options. Despite these benefits of digital payment platforms, many still do not use them to collect payments from other businesses. In this article, learn how digital payments can benefit B2B transactions and the challenges businesses face to implement efficient payment processes.
The CFO’s Guide To Accounts Receivables Automation
In this blog, we’ll discuss why AR automation can bring efficiency to your accounts receivables process and improve your collections for a healthier cash flow.
Accounts Receivable Turnover Ratio: Definition, Formula & Examples
Accounts Receivable Turnover Ratio is a key metric for businesses. A good score is essential to attract investors if...
Top 5 B2B Payment Hacks for Digitising Your Business in the New Year
Digitization is one of the priorities for businesses in today's times, and why shouldn't it be? The trend of...
10 Hacks For Optimising The O2C Process For Your Business & Accelerating Cashflow
Learn tips on how you can take advantage of a streamlined and optimised order-to-cash (O2C) process through accounts receivable automation.
Modernizing B2B Payments For the New Normal
The changing economic scenario makes it imperative for B2B companies to address changes in customer expectations triggered by the pandemic and the collective transition to digital payments, characterized by automation. B2B buyers now look for variety, ease, and convenience while transacting—something that B2B payment automation can provide. With the improvement in payment options for B2B buyers come the benefits of increased customer satisfaction and transaction conversions, ultimately leading to business success.
How to Transform Your B2B Business With an Order 2 Cash Platform
Designing and implementing an effective order-to-cash process can transform your business cashflow and set your organisation up for rapid growth
The Order-to-Cash Cycle: A Guide for Mid Market Businesses
What Order-to-Cash does for accounting systems Commonly known as O2C, the Order-to-Cash cycle helps your business...
4 Steps For Optimising B2B Payments
It is almost the end of the year, and while in some ways 2020 and 2021 sort of merge together in our public memory,...
Business Credit Application Template : What should your business include in a B2B Credit Application form?
Does your business offer B2B credit? Offering favorable and more flexible payment terms is in line with the industry...
Make Your Working Capital Work for You: Ways to Optimise Your Accounts Receivable
Working capital is your business’ daily necessity. Here are a few practical ways to make your working capital work as hard as you do.
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...
