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SBR AU

Prepare For a Tsunami: 51% of Businesses to Explore Insolvency

Businesses are looking to explore insolvency options as the Australian government ends its aid and moratoriums by late September. A survey conducted by Jirsch Sutherland found that 51% of businesses and directors are contemplating the insolvency route in the next six months. Because of this, experts warn of an insolvency …

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Late Payments, Cash Crunch Surge as Businesses Suffer Impact of COVID-19

Late Payments, Cash Crunch Surge as Businesses Suffer Impact of COVID-19

Late payments surged to an average of 49 days in June, according to CreditorWatch’s latest data. In comparison, debtors paid within 11 days for the same month last year. This is not surprising as COVID-19 has reportedly affected 70% of Australian small, medium, and large businesses. The increase in late payments suggests several things. This …

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Keeping Cash Flow Constant Amidst the COVID-19 Crisis

Keeping Cash Flow Constant Amidst the COVID-19 Crisis

The effect of the COVID-19 crisis on cash flow cannot be underestimated. Disruptions in operations, labour, and supply chain negatively impacted businesses, leading them to cashflow crunch. We cannot overemphasize that cashflow is the lifeblood of business. Without it, businesses cannot survive.  It has been more than three months since the …

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Improving Debt Collection in the Construction Industry With BIF Act 2017

Improving Debt Collection in the Construction Industry With BIF Act 2017

Debt collection in the construction industry is fraught with problems because of delayed payment terms. In turn, extended payments negatively affected the cash flow of players in the industry. For those involved in the construction industry, receiving payment on time can be described as difficult at best. Often, invoices are …

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