If your company is one of the many Australian wholesale businesses that supply goods to other businesses, you probably offer credit to your clients. Although it’s risky to issue trade credit, customers will likely take their business elsewhere if you don’t offer this option. Pencil is an Australian company that offers a solution to the …
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July 20, 2022Cash Flow
5 Strategies To Accelerate Cash Flow in Your Business Maintaining a healthy cash flow is one of your top priorities as a small business owner. Poor sales or a slowdown of customer payments could put your company in financial trouble. The good news is that there are ways to speed up your cash payments and …
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Business-to-business relationships often require good faith arrangements. Due to a lack of up-front funds, suppliers like you must extend trade credit to maintain B2B partnerships. However, when you enter into trade credit agreements, you place yourself in a vulnerable position. With too few regulations and security measures, these arrangements are risky. Issuing more than $1.3 …
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March 30, 2022Cash Flow
Companies in the business-to-business space have historically been slower to embrace new technologies than companies in other sectors. Embracing new B2B technology can give you a competitive edge and improve almost every aspect of your business. Benefits of Using B2B Technology By implementing B2B technology into your business, you may see a number of advantages. …
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