Topics: What's new at Waddle
Waddle is delighted to announce the integration with MYOB Advanced cloud-based ERP and payroll software.
Last week's happy 'Friday Funday' we played school-yard Aussie rules handball. It was a battle against the lunch bell. Whoever finished in ACE by the lunch bell was declared the winner.
Waddle were proud sponsors of the 2018 CAFBA Victoria Golf Day. Held at the Huntingdale Golf Club, over 100 attendees took to the golf course to partake in some friendly competition.
Topics: What's new at Waddle
Autumn in Sydney and the Waddle office is itching to get in the weakening sunrays on a Fri-yay. Half the Waddle team kept business shuffling in the office and the other half hit the park of our local B-ball courts to play to the death.
Waddle is different. Our culture is unique and if you're excited by change, a career with Waddle could be for you.
Brett Monaghan dreamed of returning to Australia and starting his own organic food business. A fashion photographer in his previous career, Brett grew bored of chasing the latest fashionistas from Milan to Madrid, so he returned home to start his own manufacturing and wholesale business.
We see countless advancements in technology that increases our productivity and saves us time, and fintechs like Waddle are driving innovation in the finance space, offering time-saving modern invoice finance solutions for accountants, bookkeepers, finance brokers and their clients. The time saved over the week can be significant - typically up to 1 day! Usually, time saved is re-invested into the business, working with new clients and tending to other matters, however, you could, in theory, have a day off to do whatever you like. Golf anyone?
We spoke with Bernadine Geary, Director, Cashflow Finance at Fundamental Business Finance, who provided some insights to the shifting perception of debtor finance in Australia and in the U.K.
Bernadine is a qualified chartered accountant, a graduate and Associate of the Institute of Credit Management. She has a wealth of experience in the trade & debtor finance industry and has worked both in Australia and in the UK. She has also established her own successful finance brokerage house and is regarded as an industry leader.
I started life as a Chartered Accountant and went into credit management in the UK where I studied with the Institute of Credit Management in London. I discovered trade finance whilst I was working with a company in London, where I attached a purchase order and invoice finance product for them. Debtor finance just made sense to me as I could see how this helped my clients. Credit management is all about ensuring that the invoices a business raises for goods or services provided are paid and done so in a timely manner. Debtor finance goes hand in hand with these principles by accelerating the cash flow held in unpaid invoices. The life of a business's trade cycle and being able to assist in managing this had motivated me to start my own trade and debtor finance business in the UK.
The perception of debtor finance in Australia and the UK differed greatly 10-15 years ago. The perception of using debtor finance in London was seen as an everyday cash flow management tool, yet in Australia, debtor finance was perceived as a lender of last resort and just "too hard" to do. Over the years however, particularly over the last five years, with the evolution of information technology and new lenders in the FinTech space such as Waddle, businesses are starting to realise that they can get access to working capital in a fast and efficient manner- more often than not easier than traditional lending such as overdrafts and commercial bills. There’s been a shift in how debtor finance is perceived, as now it’s seen as the smart way to improve a business's cash flow.
Topics: debtor finance
Gone are the bad old days of invoice financing, as brokers achieve better outcomes with modern alternatives. See what’s driving the push towards better finance solutions.