Invoice finance and payroll finance | Earlypay

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How is Brexit poised to tip your SME?
What impact might Brexit have on SMEs in Australia?

What will a Brexit mean for the Australian economy, and be extension, the cash flow of SMEs? Now it's more important than ever to assess your cash flow.

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What can your SME learn from the Cleveland Cavaliers?
How did the Cleveland Cavaliers win at crunch time?

The Cleveland Cavaliers finished their NBA season on a high, so what can your SME learn from the champion basketball team?

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Is Queensland the ideal location for your business growth?
What's the best place for you to grow your business?

Queensland is looking ripe for small-businesses with an eye on expanding. Will you be ready to take advantage of it as soon as possible?

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What can SMEs learn from Novak Djokovic?
What can your business learn from Novak Djokovic?

Novak Djokovic continues to dominate the global tennis circuit, but what could your business learn from his principles and training methods?

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What are your goals for the next financial year?
Tips for heading into the next financial year

Are you losing your way heading into the next financial year? We sat down with a business owner to discuss how they prepare for the upcoming 12 months.

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Popular FAQs

How is Brexit poised to tip your SME?
What impact might Brexit have on SMEs in Australia?

What will a Brexit mean for the Australian economy, and be extension, the cash flow of SMEs? Now it's more important than ever to assess your cash flow.

Read More

What can your SME learn from the Cleveland Cavaliers?
How did the Cleveland Cavaliers win at crunch time?

The Cleveland Cavaliers finished their NBA season on a high, so what can your SME learn from the champion basketball team?

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Is Queensland the ideal location for your business growth?
What's the best place for you to grow your business?

Queensland is looking ripe for small-businesses with an eye on expanding. Will you be ready to take advantage of it as soon as possible?

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What can SMEs learn from Novak Djokovic?
What can your business learn from Novak Djokovic?

Novak Djokovic continues to dominate the global tennis circuit, but what could your business learn from his principles and training methods?

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What are your goals for the next financial year?
Tips for heading into the next financial year

Are you losing your way heading into the next financial year? We sat down with a business owner to discuss how they prepare for the upcoming 12 months.

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Improvements are being seen in invoice payment times.
What does a new record for payment times across Australia mean?

Invoice payment times have hit a new record-low, and while your business may not have felt the effects already, the changing landscape is good news.

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Should businesses have a code in place to reduce payment times?
What's being done to help SMEs get paid on time?

The Council of Small Business of Australia is pushing for improvements to be made to payment times around the country. Would you benefit?

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How has the Federal Budget announcement affected your SME?
What does the Federal Budget mean for the growth of SMEs?

The 2016-17 Federal Budget announcement holds some fantastic bits of information for business owners around the country - how has it affected you?

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What will you take away from the Panama Papers?
What can the Panama Papers teach you about having a sound financial footing?

What does the Panama Papers scandal tell you about the need to have solid financial footing? It says that you shouldn't go down a shady path to get it.

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Let someone else balance the paychecks with payroll finance.
Why is your transport SME crying out for payroll finance?

What will invoice finance do for the continued success and growth of your transport SME? We think it'll shoot it right to the top of the industry.

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Is your business feeling confident?
What does the current Australian business landscape look like?

What does the current Australian business confidence landscape look like for your company? Whether it's good or bad news, invoice finance can help.

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Is your SME digitally engaged?
How digitally engaged is your SME?

Is your small business digitally engaged? We think it should be. Give yourself the best chance of success and get moving with digital technologies.

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How are you planning on growing your start-up?
What can SMEs learn from these 3 Australian start-ups?

Is your small business poised for a major boost? Take a look at what these Aussie start-ups have done in recent times to see success around the world.

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How are your business prospects looking this Easter?
How to stop your business from failing this quarter

What does the Easter break hold for you? Well, current projections show positive improvements in terms of business failures, and that's good news.

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Are women's wages keeping pace?
Measuring up the gender pay gap

The gender pay gap still exists across many of the nation's businesses, with potential ramifications for business finance.

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Weighing up confidence across the nation.
Who's more confident: Consumers or businesses?

Confidence levels have an important bearing on the economy, both from a consumer and a business perspective, so it's crucial to be aware of the data.

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Invoice finance could help your SME take advantage of driverless technology.
Driverless trials for cars good news for transport industry

Driverless car trials were conducted in South Australia in 2015. Find out why that is good news for your transport SME and how invoice finance can help.

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Superbowl advertising could inspire your next marketing campaign.
What Super? Bowl 50 can teach your SME about advertising

Take a leaf out of the Superbowl half-time show ads and start your next advertising campaign with help from invoice finance.

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Invoice finance can help your craft beer brewery to be the best in the business.
How craft beer SMEs can benefit from invoice finance

Learn how the craft beer industry in Australia is growing from strength to strength, and how your company could benefit from invoice finance.

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Invoice finance is your solution to employees that called in sick on Australia Day.
Employees were expected to be 'sick' before Australia Day

With Australia Day fast behind the nation, find out the effect of employees calling in sick on your SME and why invoice finance can help.

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As employee wages back up in your startup, payroll finance can save the day.
How to use payroll finance to grow your startup

Take a look at how a startup company can benefit from a payroll finance service, and why it can help to take you to the next level.

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Taking out invoice finance can help your transport SME to shift up a gear.
2 simple ways invoice finance can boost your transport SME

Learn how taking out invoice finance can help to grow your transport SME, and what you can do with your accessible cash flow.

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Invoice finance is a simple way to help your business go green.
How can your SME go green by using invoice finance?

Learn how invoice finance can help your office go green, by freeing up available cash flow and simplifying your money matters.

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Here are three predictions for the Australian economy in 2016.
How will the Australian economy fare in 2016?

As debtor finance providers, we know that planning ahead for economic changes can make a big difference. Here are three predictions for 2016.

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Here are three business predictions for 2016.
So that was 2015. What now?

So long, 2015! We look ahead to see what trends are coming over the horizon for Aussie businesses this year. Plan ahead to avoid disappointment.

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With students entering the workforce, there will be a rising number of jobseekers.
Are you prepared for the new workforce?

With more students entering the workforce, there is an opportunity for business growth for recruitment firms, providing their business finance is in order.

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Should Sunday trading penalities be lifted?
Will proposed legislation lead to growth for retailers?

A Productivity Commission report suggests reducing Sunday trading penalties, which could give those with business finance a chance for growth.

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Maintaining security during the Christmas rush isn't always easy.
Are you prepared for the unexpected?

Theft can be difficult for retailers to avoid, especially during the holidays. However, the right business funding can help mitigate the financial risk.

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Australians prefer local retailers or brands they recognise when shopping.
Retail confidence for Christmas improves

With retail confidence improving, businesses need to ensure their payroll finance is able to cover all their staffing needs, especially over Christmas.

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Innovation has a key role in boosting the economy.
What's holding back innovation?

Start-ups play a key role in boosting the economy. The right amount of finance at the right time can help reverse their declining rates.

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Christmas spending predictions are underway.
How much will consumers spend this Christmas?

Taking steps to entice customers and encourage greater spending could be what businesses need over the festive season.

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Will your company be hiring in 2016?
How strong are your hiring prospects?

Businesses have taken on more staff over recent months, but how likely is it that this trend will continue into next year?

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Business spending is on the rise.
Sales lift emerges across the nation

Businesses across Australia have witnessed sales growth over the past month, bringing advantages for business finances.

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What drives the success of a family business?
What makes a successful family business?

Family businesses in Australia are seeing positivity for their future. Managing finances well plays a key role in realising this growth.

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What will challenge Australian RTOs?
Competition and compliance challenge Australia's RTOs

Many of Australia's largest industries rely on apprentices and other trained staff. How can debtor finance support the institutions responsible for this?

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Australians are likely to spend even more this Christmas. Is your business ready?
5 tips for wholesalers to manage the Christmas rush

For wholesalers, the Christmas rush may be daunting. However, managing your finances can help ensure the busy period goes smoothly.

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How can debtor finance help your transport business?
How can debtor finance keep your transport fleet up to date?

The country's transport businesses rely on the quality of their equipment, whether that involves cars, trucks or buses. How can debtor finance help?

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More businesses are demanding temporary workers to help grow their companies.
Rise in demand for temporary workers

As demand for temporary workers grows, are recruitment agencies financially prepared to meet the expectations of their clients?

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Paying invoices as soon as they are received can ensure you stay on top of payments.
How to best manage your accounts payable

Unsure of how manage your accounts payable? Implementing these principles can facilitate a well-organised and efficient system.

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Managing supplier costs can be achieved through invoice finance.
How to enhance your relationship with business suppliers

Concerned about meeting your supplier demands? Through steady cashflow finance, the business relationship can be significantly improved.

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Specialty cocktails are helping drive the popularity of gin for Australians.
Gin growing in popularity with Australians

The growing popularity of gin provides breweries with an opportunity to capitalise. Are your finances in order for business growth?

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Fostering an effective strategy to manage finances involves collaboration from all departments.
How to create a cash management culture in your business

?Facilitating an office that has an effective cash management strategy across all departments can help organise invoice payments and other daily financial obligations.

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Struggling to meet daily financial needs?
What's holding back your profits?

Research indicates that Australian businesses are struggling with red tape and effective pricing. Can streamlining payments help boost your business finance?

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A well-organised and transparent cash flow can help in the day to day running of your business.
Can understanding your cashflow finance foster business growth?

Maintaining transparent and well-organised cashflow finance can help improve your overall business funding management.

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Ensure you're up to date on business knowledge before starting a brewery.
How to start a brewery with business finance

Startups are all the rage at the moment, could craft breweries take over from tech companies as the next big thing in the world of business?

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Is time to get business finance for your boutique brewery?
What challenges demand business finance for breweries?

Australia's craft beer industry is growing in leaps and bounds, but what challenges will lead these firms to small business finance?

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What do people mean to your business?
3 personal concerns that influence business finance

While you might think your business is operating as efficiently as possible, there are always further challenges. How can people affect a business?

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How will Australia's recruitment industry change?
Why is business finance important in the recruitment sector?

How is the recruitment industry changing throughout Australia? Here are the sectors that are set to see the most change over the next year.

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How can Australians turn a love of beer into a healthy business?
Boutique brewery boom creates demand for business finance

Australians love their beer, but how can they turn their passion into a career? Business finance holds the key to these pursuits.

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Consistent cash flow is the key to financial success.
3 signs your business needs cash flow finance

Is your business struggling with financial consistency? Here are three warning signs that mean you might need cash flow finance.

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New reports have revealed that export confidence is on the rise.
Is exporting testing business funding?

Australian businesses are likely to be receiving more attention from international markets as the export market widens.

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Are you confident for the coming year?
How do CEOs feel about the future of business finance?

Recent research has revealed the upcoming trends that CEOs predict will shape the Australian economy for the next year.

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Is China the key to your business development?
Is debtor finance the key to capitalising on the free trade agreement with China?

Australia's recent Fair Trade Agreement with China has opened new doors for businesses looking to expand into international markets.

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E-commerce trends are challenging retailers.
Retail challenges can be answered by debtor finance

Australian retailers are struggling to attract and retain customers which can create cash flow concerns. Debtor finance can help.

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Do you have an idea that could change your business?
Should you grow beyond the core of your business?

Now you've established that debtor finance can help you grow your business, what do you need to focus on to succeed?

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How can succession planning challenge business finance?
Could poor succession planning derail your business funding?

Succession planning can distract company owners from business finance issues, especially if important personnel leave unexpectedly.

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Is your business performing at its peak?
Does your business need a productivity check-up?

Is your business part of an industry struggling with productivity? Debtor finance can keep cash flowing so you can invest where it matters most.

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With invoice factoring, you can forget about scenes like this.
The facts about invoice factoring

Invoice factoring means that not only will you be provided finance based on unpaid invoices, you can also outsource the job of recouping them.

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Startups need dependable finance to succeed.
How can small businesses secure debtor finance?

It's becoming harder for some companies to secure small business finance, with some even beginning to borrow against personal assets.

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Forgetful clients can keep you waiting on payment.
The 4 types of late-paying clients every business deals with

Every business has to deal with non- or late-paying clients. These are the four broad categories they tend to fit inside.

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You want investors to find your annual report an engaging read.
Financial reporting needn't be a chore

Although compiling an annual report doesn't sound like much fun, it can actually be a useful part of your investment strategy.

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Recruitment companies could benefit greatly from debtor finance.
4 types of companies debtor finance can benefit

Debtor finance can help any business that is struggling with cashflow issues and unpaid invoices. But there are four types that may find it especially helpful.

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There are some nifty business tax deductions you could claim.
Will you claim these business tax deductions?

The end of the tax year is coming up. Are you planning on claiming any of these expenses as tax deductions for a revenue boost?

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Toy retailers are expected to see a boom over the next five years.
3 industries that will profit from the second baby boom

The second baby boom currently being experienced across Australia will help industries like child care services. They may need business finance to keep up.

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There could be profit in your future thanks to the latest cash rate decision.
Why the cash rate cut is good news for your business

The Reserve Bank of Australia recently slashed the cash rate to a further low, which could have positive implications for your business.

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Make sure you do at least these four things for the new financial year.
Your small business end-of-financial year checklist

The end of the financial year means it's time to tick a number of tasks off your to-do list. Here are four items you'll want to make sure you eliminate.

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Let us explain the basics of invoice finance.
Invoice finance 101

What is invoice finance? How does it work? What can you use it for? We answer these questions and more so you know what you're getting into.

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How much money will your small business save through the new tax cut?
What can your small business do with a tax cut?

The latest budget has announced a modest - though important - tax cut for small businesses. Here's how you might be able to use it.

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These three questions should help you get a grasp on asset-free finance.
3 common questions about asset-free finance

What is asset-free finance and how exactly does it benefit your business? These are some of the questions you might be asking.

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Have you thought about how you're going to fund your expansion?
3 questions to ask before expanding your business

You might be thinking it's the perfect time to expand your business. Ask yourself these questions before you make any big moves.

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Businesses intend to hire more staff despite declining sales and profits.
Businesses to add to their payrolls despite rough economic news

According to a new survey from Dun & Bradstreet, businesses intend to add more staff to their payrolls despite other negative economic news.

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What to do if you are having trouble paying your employees on time.
4 ways to make sure you pay your workers on time

If you have staff, you understand how important it is to pay them on time. Here are four tips to avoid any payroll financing issues with your business.

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Can a fall in consumer confidence affect my business's finances?
Confidence and the economy: Do I need to start worrying about my customers?

The latest Australian consumer confidence index results are out and they are at an eight month low. What does this mean for the future of your business?

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Business funding and growth can flourish with these tips
Rewrite your business story with these 3 diverse tips for growth

Ranging from customer service advice to payroll finance to efficient administration techniques, these three diverse tips will make your business grow.

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It's never too early to start preparing for the end of the financial year.
Are you ready for the end of the financial year?

The end of the 2014-15 financial year is nearly upon us. Here are some useful tips to avoid cashflow problems at this time of the tax year.

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Having to write off bad debt can be hard on your cash flow.
How do I avoid bad debt?

Having to write payments owed to you off as bad debt can have a negative effect on your cashflow. Find out ways to avoid having to face these costly issues.

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As consumer confidence stalls, business may find it harder to manage cashflows and make payroll.
Cashflow financing more important as consumer confidence stalls

An ANZ-Roy Morgan confidence index found consumers worried about tough times ahead that may make it more difficult for business to manage cashflow.

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Low interest rates are helping Australians manage their debts.
Low interest rates helping make money go further

Research has found that Australia's low interest rate environment is helping more households and businesses get their debts under control.

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Debtor finance seems set to grow in popularity.
3 reasons why debtor finance will thrive in 2015

Debtor finance seems set to grow in popularity for businesses of all sizes, particularly due to several major benefits it provides for boosting cash flow.

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Debtor finance can help free up funds for innovative projects.
Lack of innovation found in Australian businesses

The Australian Bureau of Statistics found very few businesses are innovative. Debtor finance can help provide a steady cash flow for innovative projects.

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Payroll finance can help keep staff happy and accounts healthy.
Happy staff, healthy accounts: How payroll financing can help

Happy employees lead to higher profit margins, increased productivity and customer loyalty. Payroll finance helps achieve this by keeping staff satisfied.

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Debtor finance sets in motion a positive domino effect.
The domino effect of debtor finance

Debtor finance often sets in motion a domino effect of wider reaching benefits, such as having funds for bulk buying or delivering better customer service.

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Manage business finance with help from invoice factoring
Financial management: When the going gets tough, do the tough get going?

Are you making the most of funding sources to manage your business finance? Find out how both external and personal funding can impact your business.

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Turn your cash flow into a waterfall with invoice finance
Turn your cash flow into a fountain of funds: Debtor finance is here to help

Debtor finance can turn your cash flow into a steady stream, and with careful management, one day it could even be a cascading waterfall.

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Learn more about invoice finance and how it can help
5 FAQs on invoice finance

Get acquainted with invoice finance to significantly improve your business cash flow. What you learn from these FAQs could cheer you up immensely!

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Debtor finance can help SMEs in financial trouble
Turn that frown upside down: Finance solutions for small businesses

Financical advice for making ends meet can help ease the difficult times. SMEs struggling with finance should consider debtor finance solutions.

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Business finance is stressing Australians in 2015
Latest research shows businesses have a bleak outlook for growth in 2015

According to Dun & Bradstreet's research, businesses are very pessimistic about growth and finance this year. However, there are business finance solutions that can help.

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Which of these two stories best describes your working day?
A day in the life of an accountant

Two short stories about the life of a business accountant. Which one of these best describes your average day?

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When is best to use invoice financing? These three situations explain the challenges many face.
3 scenarios that can be improved by debtor finance

Each business is different, though many suffer the same financial challenges. Here are three situations where invoice factoring should be considered.

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How do you solve issues in your business? Are you an ostrich, bull or octopus?
How do you handle problems in your business?

Are you an ostrich, a bull or an octopus? The way you solve financing issues says a lot about your personality.

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Both invoice factoring and payroll finance can help a business overcome slow debtors.
Employment up, sales down: How invoice and payroll factoring helps

Income and revenue will both dip in the second quarter, with slow debtors a recurring problem. Here are the results from D&B's latest analysis.

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Debtor finance is designed to boost cash flow. Here are 10 other ways to do the same.
10 ways to boost cash flow

A quarter of Australian businesses have cash flow concerns. These 10 tips could help you find a steadier stream of cash in your company.

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Is your bright idea set to grow this year? Nurture it with these finance options.
My business is growing: What are the risks?

If your company is planning for a period of growth, or if you'd like to be prepared so you know what to do when this time does come around, you may want to read on.

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Payroll finance saves you from employee disengagement.
What payroll problems are troubling SMEs?

What issues can lead to a company seeking help with their wage obligations, and how can payroll finance help? Here are three danger signs to look out for.

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Starting a business can be a daunting affair with many financial risks.
What financial risks are there as a startup?

Starting a new business is a bit like rock climbing. Debtor finance can help support your ascent by protecting against these common financial threats.

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SMEs around Australia are finding debtor finance the key to better cash flow.
What's driving Aussies to a more flexible finance solution?

Research shows that debtor finance is the option the majority of SME owners will turn to when they want a clear, quick and honest service.

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The waiting is the hardest part, but not so with invoice finance.
Should you change your invoice payment terms?

With most debtors missing their payment date by two weeks, could altering the terms of your invoices help you get paid quicker, or cause too much upset?

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Debtor finance is a great option for many Australians.
The cost of late invoices to your company

Around the world, missed invoice payments are worth hundreds of billions of dollars. However, there are simple steps to secure your business.

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How well will your small business fare this Christmas?
Small businesses confident of Christmas cashflow

Many firms are hopeful about what the next few weeks will have in store and the positive impact it'll have on their small business finance.

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Face your financial fears in 2015.
Challenge cashflow concerns in 2015

Ready to face your fears in 2015? If your business is suffering a financial phobia, there is a way you can help tackle this fear.

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Is invoice finance the key to your business success?
What are the benefits of invoice finance?

Debtor finance is a great option for any business, but what are the specific benefits you can expect? Here are just five!

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Is Christmas going to affect your business finances?
3 reasons to consider debtor finance this season

Now could be the best time to get your company on board with debtor finance, as cashflow becomes increasingly important over Christmas.

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Are you hiring? You could benefit from payroll finance.
What is payroll finance?

If you are wondering what payroll finance actually is, here is some information on how this business funding service could help you.

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Is Australia's banking industry putting your business at risk?
Can you really trust your bank?

The current state of the Australian banking industry is not promising for business owners, should another recession occur, and here's why.

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How to respond to late invoice payments.
How to respond when invoices aren't paid

Unpaid invoices can be a huge burden on small businesses. Here's how you should respond when clients don't pay their bills.

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Business confidence rebounds.
Business confidence on the rebound

Companies across the country are more optimistic about what the future holds, which may have a positive impact on their business finance.

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Do you keep a close eye on your business cash flow?
How can I better monitor business cash flow?

Monitoring cash flow is essential for any business, but what strategies can you use to make sure this is the case in your organisation?

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Make sure you're aware of pay obligations.
Be aware of your pay obligations towards employees

Employers have certain pay obligations towards their workers and it's essential to know what they are to stay on the right side of the law.

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Is 2015 the year your business needs invoice finance?
Does my business need debtor finance this year?

There are many reasons why you might need to boost your business cashflow in 2015. Here are just three reasons to consider invoice finance.

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How is invoice finance different from traditional lending?
How is debtor finance different from a loan?

Traditional bank loans are no longer the only option for business finance. Here is how invoice finance is different.

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Do you know these six steps to invoice finance?
What happens in the invoice finance process?

You may already know about the benefits of invoice finance, but did you know the simple six-step process that allows your own cash to be unlocked?

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Are you on a wave of success? Invoice finance can keep keep your business steady.
Invoice finance: Not just for struggling businesses

Debtor finance is not just for those fighting to keep their heads above water, but fast-growing businesses surfing the wave of success.

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Stormy waters can be traversed with the help of debtor finance.
Business finance: How to steady your ship in a storm

As a business owner, if feel you feel like you are constantly bailing water, there are two options: you either need more hands on deck or a bigger bucket.

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Are unpaid invoices damaging your cash flow?
How to get your cash flowing past invoice blockages

The key to maintaining cash flow is making sure all invoices are paid in good time. Here are three tips to encourage timely payments.

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Do you grow tired of your bank's finance options?
The big four banks lagging in customer satisfaction

Australia's banks are ranking low on customer satisfaction, particularly when it comes to business matters. Fortunately, other options are available.

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Learn a little more about your invoice financing options.
4 things you may not know about invoice finance

In the fast-moving world of business, it is often helpful to know the facts in a concise manner. Here are four facts about invoice finance.

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Invoice financing is ideal for growing businesses.
What types of businesses can use invoice finance?

Despite popular opinion, invoice financing is an ideal option for any business - not just those preparing to close their doors.

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It's sunshine and rainbows for business growth - if cashflow issues can be addressed.
Cashflow is still the biggest business concern

Recent reports show small business optimism is high yet concerns remain consistent regarding cashflow and finance.

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Is your small business finance creating unnecessary risks?
Safer ways to fund your small business

Small business owners are relying on high-risk financing. Invoice factoring could be the safe option your enterprise needs to stay ahead.

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8 Simple invoice rules to improve cash flow by Lex
8 Simple invoice rules to improve cash flow by Lex

Invoices that are incorrect, incomplete or unclear are always returned and unfortunately will remain unpaid until clarification is provided to your customers. These are the most common reasons for delays in payments. Below are 8 simple rules to adhere to before you issue your next invoice that will help streamline the process.

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Demystifying Payroll Finance
Demystifying Payroll Finance

Payroll Finance will help you manage your employee commitments

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Demystifying Debtor Finance
Demystifying Debtor Finance

Debtor Finance is one of the fastest growing working capital products in the world and while it has been around for at least 4,000 years, it has not received widespread recognition in Australia.

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Businesses are thinking outside the bank
Businesses are thinking outside the bank

Business confidence in Australia is at an all-time high since 2011, following the September 2013 Election, according to Roy Morgan Research.

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FAQs

How quickly can finance be arranged?

On average, we complete the process within 5 working days, which is probably the fastest on-boarding process in Australia, for invoice finance.Our application process is designed to be simple and hassle free, which allows us to work with you to meet your timescales, provided that the information we require is supplied promptly.

Who qualifies?

Earlypay is suitable for all kinds of businesses with limited fixed assets, restricted liquidity or slow paying debtors.

Most businesses are suitable for earlypay invoice finance if they provide business-to-business sales on credit terms. All eligible invoices must be for goods and services that have been delivered in full to domestic customers.

Invoices to private (non-business) customers, or invoices on non-credit (for example, COD) terms are not eligible for earlypay.

How soon after sending my invoice can I access funds?

Typically, funds can be made available within 24 hours of an invoice being received and sometimes, same day payments.

Do you credit check my customers?

Earlypay will conduct credit checks as part of the onboarding process, in order to apply for ‘credit protection’ for each of your customers.

What is the insurance for?

Our Credit protection is a flexible and cost-effective alternative to trade credit insurance. It means that if a credit protected invoice turns into a bad debt or the customer becomes insolvent, your business will remain protected. 

What personal guarantees are required?

Most funding facilities require real estate security, which can put your personal assets at risk.

Instead, earlypay provides insurance protected funding based on your customers (for invoice finance) and your business (for payroll finance), without needing personal guarantees or property assets as security, giving you greater flexibility for other investment opportunities.

Will I lose any control in the way I deal with my customers?

We value your customer as much as we value your business. Making it more difficult for you to deal with your customers is not in our best interests.

By providing fast & flexible cash flow, saving you the time you spend chasing payment, reducing the risks of non-payment and providing readily available online information, we endeavour to give you more control, not less.

I’m already factoring with another company, is it easy to switch?

Over the many years we've been in business, we have switched many, many clients who were using alternative providers. We will liaise with your existing provider to ensure that the change is simple, seamless to your operations and pain-free.

Do I have to use your credit terms with my customers?

No, as long as the credit terms that you have agreed with your customers are 'reasonable' for the market in which you are operating, then your existing agreement would continue.

What percentage of my invoices will you release for pre-payment?

As each facility is individual the pre-payment percentage will vary, but it is usually up to 80%. We will advise you of the percentage before you start using our services. The other 20% of your customer payments are released once they settle the invoice.

Why can’t I get an online quotation?

Quite simply, we don’t wish to give you an inaccurate figure. Due to the complexity of the service nature, we need to understand the nature of your business, your customer base and precisely your business objectives.

Why pick earlypay over an overdraft or bank loan?

Invoice finance is a flexible facility which grows in line with your business, unlike traditional facilities such as loans and overdrafts which are typically reviewed annually. When you look closely at costs, invoice finance can compare favourably with overdrafts and the other 'hidden' costs of undertaking key activities yourself. Loans and overdrafts will not usually match the amount of funds available through invoice finance - and they will often require you to offer additional forms of security.

How professional and robust is your credit control process?

Earlypay provides an ISO accredited credit control service that becomes an extension of your business team, who understands the need to collect in your debts whilst also protecting your customer relationship. Also, our service proposition includes monthly statements, automatic chasing letters and telephone chasing throughout the month on all your customers. This will allow your business to save on people costs and other costly overheads such as postage, stationery and telephone calls.

Our professional credit control service will assist your business in receivables administration without undermining your hard-won customer relationships, but instead in a manner that supports good customer relations, while helping to ensure that you are paid promptly.

Is it possible to pick & choose which invoices are used for finance?

Absolutely. We offer a flexible facility which does not commit you to use all your invoices for financing.

What are your setup costs?

There is no setup or joining fees. Our fee structure is simple and transparent, with no hidden penalties or charges.

What if an invoice is disputed?

If advised of a dispute during the normal course of credit control activity we will usually place the account in query for 48 hours prior to withdrawing the funding, giving you the chance to resolve the issue without affecting your cashflow.

What if my customer does not pay?

There are usually two reasons a customer does not pay.  The first is because the business becomes insolvent.  In this instance, our credit insurance protects our business and yours from loss.

The second reason is generally because of a dispute over the product or service.  That being the case, the responsibility falls to you. If payment is not forthcoming we will ask you to provide us with an exchange invoice or will be removed from your reserves.

Is Earlypay for businesses in financial trouble?

It’s a common misconception that mainly companies in financial trouble use Invoice Factoring. While Invoice Factoring can be of great help when you find yourself in a pickle, it’s not the right solution for companies in deep financial trouble. The reality is quite the opposite.

Earlypay’s facility excels when it is used as a proper financial tool to support company growth and expansion. If selling your invoices will increase your business by increasing your production capability or creating more sales, you are probably using earlypay for the right reasons.

What will my customers think?

Your customers will most likely be already familiar with the benefits of debtor finance, as it is the fastest growing form of commercial finance throughout Australia. It is used predominantly by growing businesses and as such it is beginning to be recognised as a sign of successful trading.