Despite innovation in the payment methods offered to consumers, the way businesses pay each other has changed very little over the last 40 years.

Business owners, suppliers and customers will be the big winners after Cirralto (the parent company behind Spenda) secured a Business Payments Solution Provider (BPSP) agreement.

Revolutionary fintech functionalities are a ‘game-changer’ for retail and business-to-business transactions. COVID-19 has propelled the move to eCommerce into hyperdrive and app developers have risen to the occasion, providing business owners with effective tools to streamline their payment process.

Digital transformation has been key a focus for businesses in recent years, but particularly in 2020 due to the impacts of the COVID-19 pandemic.

The lie by a pizza worker, that sent Adelaide into a strict lockdown last week, could potentially have been avoided if contact tracers had easy access to financial transactions at COVID-19 hotspots.

Earlier this month we attended the Accounting Business Expo, and for the first time, the event was 100 per cent virtual.

US President-Elect Joe Biden’s hopes for Australia to be the innovation hub of the southern hemisphere have been realised if our burgeoning fintech industry is anything to go by.

Earlier this month we were fortunate enough to have a new Chief Financial Officer (CFO) join our team. As a fast-growing fintech company, bolstering our financial capabilities was a necessary milestone as we head into the next key stage of growth.

Selling online is an excellent way to grow your business as it allows customers to access your store 24/7.

Long queues at the Christmas and Boxing Day sales could be a thing of the past as businesses adopt mobile checkouts to help keep customers safe from the spread of COVID-19.

For many businesses, the team bonding experience often stops at the weekly Monday team catch up session, or perhaps the CEO delivers a regular update from the boardroom, and then you might end the week with some Friday afternoon office nibbles and drinks.

In a product-based business, having an effective stock management system is critical, especially in the lead up to the busy Christmas trading period.