Insights.

CATEGORY: Payments
Late payments hinder business growth

Late payments hinder business growth

Late payments are a perpetual problem for businesses around the world, including Australia. When doing business, companies typically agree to payment terms in exchange for goods and services. However, according to research, Australian businesses receive their payments...

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Outdated trade credit due for innovation

Outdated trade credit due for innovation

Trade credit is the practice of supplying goods and services to a business or individual with an agreed payment at a later date. Not all businesses use trade credit. Instead, some businesses and sole traders require upfront, cash-on-delivery or even pre-payment for...

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Preserving SME trade credit relationships

Preserving SME trade credit relationships

Offering trade credit terms is standard practice for businesses in many industries.  Both the amount of trade credit (the limit) as well as the length of the terms offered, are important elements of the overall trade relationship between buyer and seller.   Part of...

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The power imbalance of SME trade credit

The power imbalance of SME trade credit

B2B trade credit has not seen much innovation in the past 40 years, despite significant digitisation and technology advances across supply chains. The way trade credit has traditionally been supplied by non-financial entities is driven by market forces of supply and...

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Trade credit marred by chronic inefficiency

Trade credit marred by chronic inefficiency

With so much business capital outstanding as part of the trade credit economy, it’s safe to say that nearly every business in Australia, large and small, is linked in some way to this vast ecosystem. Far from a win-win solution, trade credit is actually quite...

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Trade credit terms in Australia

Trade credit terms in Australia

Trade credit in Australia – as opposed to bank credit - is a vital source of business funding.  By offering trade credit, goods and services can be exchanged before payment needs to take place, usually on interest-free terms that vary by industry and business...

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How to pay supplier invoices, the smart way

How to pay supplier invoices, the smart way

The smart and easy way to pay suppliers In an ideal world, goods and services are supplied, invoices follow, and payments are made on time. In the real world, not so much. Xero estimate that almost half of all invoices are settled late. In a study of several million...

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