Finance
  • March 27 2020 Let’s not repeat mistakes: Lender Lumi calls for partnership with big banks

    As a result of the COVID-19 pandemic causing business disruptions of an unprecedented scale, alternative lender Lumi has today called for lenders to put aside their differences and create partnerships to avoid finance bottlenecks in light of the government’s $15b injection announcement to small business loans. Due to the data and technology capabilities Lumi and Read More…

  • March 20 2020 Small businesses to receive loan relief for 6 months

    Small businesses impacted by the coronavirus crisis will be able to defer their loan repayments for six months under a plan put forward by the banking industry. Australian Banking Association chief executive Anna Bligh said, “This is a multi-billion-dollar lifeline for small businesses when they need it most, to help keep the doors open and Read More…

  • March 18 2020 Three simple steps to improve your small business cashflow

    Ask any small business owner what keeps them up at night and they will say cashflow is their top concern. Understandably so, as it plays a pivotal role in a business’ survival. This year has started out rough for all of us. In Australia, we first had to fight through the bushfire crisis, and now Read More…

  • March 18 2020 What you need to know about raising capital

    For some CEOs, raising capital can be the most important and time-consuming part of their job. It’s a complex area to navigate even for the most experienced CEOs, and especially so for those who are new to the game. Vantari VR’s co-CEO Dr Nishanth Krishnananthan knows all too well the complexities involved when it comes to Read More…

  • March 9 2020 Cash flow: Four business strategies to ensure consistency

    Steady cash flow lies at the heart of all successful businesses, regardless of either their size or industry. Achieving and maintaining it is imperative for long term success and stability – however, it’s not an easy feat to secure. The reality is that many small businesses experience seasonal ebbs and flows in their cash flow Read More…

  • March 4 2020 What startup founders should look for in funding partners

    Good funding partners invest in more than just money. If you’re a founder looking for a funding partner, then things are probably going pretty well in your business. You’re growing at a good rate and seeking to raise capital to ensure that you either keep up this growth rate or better still, are able to Read More…

  • January 21 2020 How to know if your customers will actually pay you

    Many small businesses take on jobs and incur costs in buying materials, even carry out work well before they get paid for the job. In an ideal world, your business would obtain payment upfront from the customer to cover significant job costs. However, a lot of the time this isn’t possible, particularly if your customer Read More…

  • December 20 2019 Open Banking set to revolutionise banking from February 2020

    The way Australians share account and transaction data will become much easier in February 2020 with the rollout of Open Banking through the Consumer Data Right legislation. The first stage of Open Banking will involve the major four banks and the rollout will give consumers the right to control their data. “Ultimately, Open Banking will Read More…

  • December 17 2019 New neobank, Volt, onboards their 40,000 pre-launch waiting list

    Neobank, Volt, has a waitlist of 40,000 people ahead of its launch in early 2020, following its recent announcement of a ‘no catches’ ongoing base interest rate of 2.15 per cent on savings. Neobanks are digital banks that rely on smartphone banking apps or websites for the processing of payments, rather than through the use Read More…

  • December 6 2019 Five smart ways to keep your corporate travel budget down

    According to Roy Morgan, there are currently 2.1 million business travellers in Australia alone. For a country that is home to one of the world’s busiest flight routes (Melbourne – Sydney), this won’t come as a surprise to many, but as corporate travel continues to grow domestically, the bottom line impact on business expenses is being Read More…

  • December 5 2019 Payroll expert reveals the 7 red flags for payroll fraud

    Although it’s near impossible to accurately quantify, payroll fraud – defined as the theft of cash from a business via the payroll processing system – is less rare than many of us might think. This is because incidents of payroll fraud are often not reported in the media and are managed instead by internal HR Read More…

  • December 2 2019 Report: 4 in 5 organisations are using 20 year old payroll tech

    New data has revealed that 83 per cent of organisations are using payroll technology developed 20 years ago or more. The findings come at a time when a wage underpayment epidemic is sweeping across some of Australia’s biggest companies… The data comes from the 2019 Payroll Benchmarking Report, an annual study by the Australian Payroll Read More…

  • November 28 2019 Don’t accept late payments, just because you’re a small business

    Any small business owner will know the struggle of time – being short on time, and not getting paid on time. It’s often easy to forget the importance of back office functions, particularly invoicing and debt collection processes. Luckily, if you take the time to streamline these processes, the amount of time wasted chasing late Read More…

  • November 25 2019 Why the payments industry needs to champion workforce diversity

    It’s an undeniable fact that the financial services industry is currently undergoing massive changes. While a stable global payment ecosystem is more critical than ever, the advent of neobanks and open banking are challenging industry norms and ushering in a new era of disruption. For decades, the incumbent financial institutions and payment solution providers dominated Read More…

  • November 22 2019 The underrated benefits of the new e-invoicing hype

    Recently we covered the news that federal government departments will start paying e-invoices to businesses within five days. This applies only to contracts valued up to $1 million. If departments do not adhere to this new rule, they will face interest charges on any late payments – as long as both the supplier and agency use Read More…