Author: Angus Sedgwick

Holiday Cash Flow Warning

Angus Sedgwick is CEO of OptiPay and believes many business owners are inadequately prepared for managing their cash flow at this time of the year.

A recent CreditorWatch survey shows only 66% of small business owners are satisfied with their current level of working capital with many having to lay off staff to deal with cash flow and credit challenges.

OptiPay has seen an 18% increase in requests for invoice financing as SMEs prepare for extra orders and demand heading into Christmas.

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Accurately Forecasting Your Cash Flow for the Year Ahead

You’ve probably heard the phrase ‘cash flow is king’ and with tough economic times for many Australian SME’s never has this been more true. Cash flow is what separates a thriving business from one struggling to stay afloat.

It encompasses all revenue generation, operational expenses and investment activities. Businesses that manage their cash flow efficiently ensure more cash is entering the business than leaving it which enables them to grow and expand.

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