Adrian Floate 17 December - 4 min read
If 2020 has taught business owners anything, it is the importance of being agile and resilient.
For most businesses, the past year was a whirlwind of adapting and pivoting, such as introducing working from home arrangements and fast tracking eCommerce.
As we move towards 2021, now is an ideal time to reflect on past challenges and set goals to build a thriving business model that is capable of adapting to changing circumstances.
Tips to build a resilient business in 2021 include:
E-invoicing has transformed how businesses send and receive invoices. It automates the exchange of invoice information directly between a supplier’s and a customer’s accounting software.
For businesses built in the cloud, pivoting, scaling and expanding to new countries can be achieved at a very low cost. These companies also implement some of the latest systems and processes in payments technology — think instant payments, secure payment networks and the ability for customers to choose from a range of options in how and when they pay.
Late payments aren’t new to Australian businesses. For many businesses, having almost $40,000 in outstanding invoices is the reality of operating, but it doesn’t have to be the case.
© 2021 Spenda. All rights reserved