A basket with cash flowing in and an empty basket labelled out.

5 Rules To Help Manage Your Small Business Cash Flow

October 2, 2019Cash Flow

“Cash is king” is an overused expression, but it is a saying that is true and vital to a small business’s survival. One of the main reasons why small businesses fail is due to the poor management of cash flow. So here we have listed 5 rules for you to follow. These rules will make …

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A wholesaler sitting in his warehouse full of construction supplies.

How Wholesalers Can Get Paid On Time

September 30, 2019Late Payments

Businesses are slowly getting better at paying on time, but sadly for wholesale distributors, this is far from the truth. Wholesalers are still suffering from the late paying habits of their retail customers. According to Xero’s recent study, the retail sector remains the slowest payment times, paying bills an average of 23 days late. This, …

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A woman calculating her invoice costs for her small business.

8 Common Invoicing Mistakes

September 23, 2019Invoicing

Sending invoices to your customers is obviously a very important step in receiving payment. But you would be surprised to learn that many business owners have a poorly constructed invoicing system and mistakes are made constantly. These small invoicing mistakes can lead to larger problems for your business, such as dealing with late payments. We all know that reoccurring …

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An invoice with a stamp to confirm payment.

How To Get Your Invoices Paid On Time

September 2, 2019Late Payments

We all know that sales are what keeps us in business, but if we don’t receive the money we are owed, sales won’t achieve anything for us. According to ASIC statistics, having bad cash-flow is why most companies fail. To give you an precise figure, a survey undertaken by Xero showed that if invoices went …

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Tim Demetriou speaking about PencilPay for the SBC Fintech program.

The Domino Effect: What it is and How it Affects You

July 22, 2019Media

The Domino Effect Australian small businesses are the backbone of our economy, responsible for 60% of GDP and 20% of all employment. Innovation has enabled SMEs to behave like larger companies in many industries, but there is a problem the small business community faces. ASIC thinks this is the #1 reason for failure of SMB; …

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StartUpBootcamp's FinTech program participates posing for a photo in a large hall.

AustralianSuper Partners with global FinTech Accelerator in Melbourne for the Financial Health and Wellbeing of its members​

May 31, 2019Media

AustralianSuper joins Melbourne FinTech Accelerator. AustralianSuper has joined the Melbourne based Fintech Accelerator as a partner to explore solutions to benefit Fund members. Accessing global financial services technology innovations through the Startupbootcamp program will assist AustralianSuper explore alternatives for future technologies, gain insights into member behaviors, and create and test prototype solutions based on the product …

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Tim Demetriou pitching his business Pencil in a large theatre.

Pencil has cracked the final 10 for Startupbootcamp’s latest global fintech accelerator

May 21, 2019Media

Only Australian Business Selected For SBC’s FinTech Accelerator! Melbourne-based startup, Pencil, is the only Australian business that was selected to participate in Startupbootcamp’s next fintech accelerator. Pencil is an application management system that enables companies to easily submit credit applications digitally, with instant approvals. Startupbootcamp received nearly 900 applicants from 59 countries worldwide for the …

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Startupbootcamp selects ten firms for fintech accelerator​

May 17, 2019Media

Startupbootcamp selects ten firms for FinTech accelerator Startupbootcamp’s global accelerator program has announced the 10 startup companies chosen for its FinTech Accelerator program, which will officially start on June 3rd and operate until Demo Day on August 29th. Supported by leading names in the financial services and tech industries, such as NAB, Bupa, Deloitte, Capgemini, …

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