Earlier this year, the latest addition to the Batman franchise was released - Batman v Superman: Dawn of Justice. It's since had mixed reviews - however, one thing can always be relied upon. Bruce Wayne (spoiler alert) always has the right gear for the job. He's constantly prepared for the worst, and his fortune keeps him in good stead when the bat guano hits the proverbial fan.
Can the same be said for your SME? Tough times are had by all, and what really separates those who are successful from those who fall is how we deal with the worst eventualities.
Is invoice finance the hero your SME deserves?
Just like how Batman was the hero Gotham needed, invoice finance from Earlypay is on hand whenever you need it. All you have to do is ask.
What can you learn from Batman's financial situation?
That's right - all you have to do to ensure the financial stability of your company is pick up the phone. It seems a lot easier than getting in contact with Batman, for a start.
Bruce Wayne understood the importance of working capital for his endeavours. At all times, when an opportunity arose or a piece of equipment needed to be replaced, he had the funds required to make it happen. In the business world, your cash flow comes from your clients paying you for the goods and services your company has provided. Dun and Bradstreet reports that it still takes an average of 44.1 days for this to happen, though. It's unlikely that you're able to wait for more than a month to replace a broken part of machinery or jump at a great growth opportunity.
What can be done about it?
Use a more diplomatic approach and take control of your unpaid invoices.
Well, we don't suggest taking the Batman approach and beating your enemies to within an inch of their lives - they probably wouldn't be too open to using your company again. Instead, use a more diplomatic approach and take control of your unpaid invoices.
Earlypay can take control of these and give you a percentage of the total amount, usually within 24 hours. That's significantly faster than the 44.1 days you can expect from your clients, and it gives you the power to control the destiny of your business, rather than leaving it in the hands of others.
Get in touch with Earlypay today and talk to the team about our invoice finance solutions to solidify your working capital availability. Who doesn't want to be like Batman?
If you'd like to learn how Earlypay's Invoice Finance & Equipment Finance can help you boost your working capital to fund growth or keep on top of day-to-day operations of your business, contact Earlypay's helpful team today on 1300 760 205, visit our sign-up form or contact [email protected].