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Days Sales Outstanding (DSO) and how to halve it
Days Sales Outstanding, or DSO, is the average number of days for a business to collect a cash payment from a credit sale. When a business sells on credit, it gives its customers permission to pay in cash at a later date. The average time to pay for a given period is the days sales outstanding. The days in sales outstanding impacts cashflow. For example, a...
ABM + ezyCollect: Ajendico’s 3-step plan for accounts receivable efficiency
Di Peters, Ajendico Di Peters is the Managing Director at Ajendico Pty Ltd, Australia’s leading Advanced Business...
How to ask customers to pay their outstanding balance during COVID-19 (+ email template to get paid now)
COVID-19 has changed trade as we know it, perhaps forever. What hasn’t changed is your need to get paid on time....
New: Credit Insights to safeguard business against credit risk
Business has never felt riskier. The economic uncertainty delivered by COVID-19 has put question marks over everything...
How to collect unpaid invoices during COVID-19: Debt collection webinar
COVID-19 has spun business on its head. While some businesses are powering on, others are scrambling to survive....
New debt collection laws: How they affect your business
Under temporary new Australian laws relating to corporate debt collection, creditors still have the right to enforce...
Wage subsidy scheme explained: $1500 and 30% the magic numbers
Updated 1 April 2020 following amendments issued by Treasury on 31 March 2020 Australia’s wage subsidy scheme, known...
How to get your business cash flow boost from the Australian Government
On 24 March 2020, the Australian Government’s Economic Response to the Coronavirus package passed without objection...
Speed up your cash recovery process online for free
As of today, ezyCollect has committed to setting up businesses with its online accounts receivable platform for free...
Bank-by-Bank COVID-19 Business Support
The financial contagion of the COVID-19 pandemic is expected to reach every business and every household. No one...
*Updated* Australia’s economic stimulus: Keep businesses in business
Updated 22 March 2020: The staged total economic relief package so far from the Australian Government and the Reserve...
10 strategies to protect your business in an economic downturn
At its first meeting in 2020, on March 3rd the Reserve Bank of Australia (RBA) cut interest rates to a record low of...
Why other businesses get paid faster than you: The secrets to their competitive edge
Every business banks on its competitive edge in order to grow. Successful businesses deliberately expand their...
10 key takeaways from NetSuite’s SuiteConnect Sydney 2020
What do a Mexican fast food restaurant chain and a home loan lender have in common? NetSuite, it seems. SuiteConnect...
