Financing a business through its receivable invoices is not a new concept. In fact, its roots can be traced to over 4,000 years ago when the foundations were laid in Ancient Mesopotamia.
Have you noticed the term Fintech has slid itself into everyday use, but you still aren’t quite sure what it means?
Profit is not Cashflow. It sounds obvious but many small businesses rely heavily on their Profit and Loss to assess their Cashflow position. However this only provides part of the picture.
Small to medium enterprises (SME) are increasingly relying on commercial credit cards to finance their operations, because payment terms for the businesses they supply are stretching out. But if the Reserve Bank of Australia (RBA) goes ahead with plans to include commercial cards in the new caps [...]