Skippr has just pushed some simple and slick new features that are going to help the user better understand the impact of using finance and make it easier for an trusted advisor to invite customers to view their cash flow. Model future finance needs Now a you can model out the impact of using finance on a future date to better understand your future cash balances. This capability is super powerful when you are trying to model out the cash flow for the next 30-60 days but really want to see how much funding you could access at a future date and the impact of injecting cash to bridge any future cash gaps. Finance Update Skippr is helping businesses better understand their cash flow but also solving it with simple online invoice finance. We havc recently secured more funding so now can provide customers access up to $300,000 from their outstanding receivables. This is all administered seamlessly through the cash flow management tool and connects to your accounting software so bookkeeping is easy. If you want to learn more about Skippr Invoice Finance click here. Securely invite customers As an accountant or bookkeeper you have set up your customer on Skippr and now you want to show them their cash flow forecast. Now you can simply invite them to securely access their account. What if you don’t have authority to connect your customer to Skippr? Now you can invite the customer to Skippr and they can connect themselves. Once they are connected you are both notified so you can access the file and start updating and managing cash flow. Coming Soon! Skippr to connect to MYOB and QuickBooks Cash flow weekly reports. Understand key cash events and statutory obligations coming up for the month. Get simple recommendations so you know what needs to be focussed on. Model split payments so you can understand the cash flow impacts of a project with milestones Make bill payments through Skippr. See what needs to be paid and bam! Pay them! No more uploading ABAs. No more chasing customers to approve payments. Thanks for tuning in for another update! If you have any ideas or feedback please drop us a message via the website intercom. We would love to hear from you.
By Alistair Lamond on 1-Mar-2018 10:19:32
The cloud is redefining how we live and do business. It’s now recognised as a global economic engine underpinning new innovations, new business models and even entirely new industries. Now data is created, stored, disseminated and accessed real-time from anywhere in the world that is connected to the internet. This has resulted in a data explosion with 90% of the world’s data being created in the last 2 years.
By Alistair Lamond on 2-Feb-2018 10:45:09
Despite the traditional Australian banks preaching support for small businesses, it is common for them to fall short on delivery. The high costs associated with lending to SME’s has sparked rapid innovation. Now a wave of alternative small business lending platforms, known as fintechs, are listening to the cries of the capital constrained businesses. Fintechs are capitalising on the $60bn funding gap created by the big banks, and are building technology to better understand risk and deliver greater customer experience.
By Alistair Lamond on 2-Dec-2017 07:08:12
Every business faces the typical challenges of getting paid by customers, paying taxes, paying suppliers and accessing finance. Simple processes in theory but unfortunately tiresome and unexciting to the extent that they are often neglected or totally forgotten about until it is too late. Skippr has been listening and learning about these challenges to develop technology to manage these processes proactively. Skippr aims to save time and instill confidence within a business owner and their finance team so that they have the cash to achieve growth, prosperity and balance.The Skippr team is super excited about this product update as it is another step closer to our core mission – giving a business cash flow confidence solution.
By Alistair Lamond on 18-Nov-2017 01:59:07
Christmas in Australia is a joyous time of year hallmarked by great weather, school holidays and family time. Many businesses see their sales skyrocket at the end of the calendar year, but if you are a small business owner the festive season is marred by huge disruptions to your cash flow. What do you need to do prepare your business for the festive season? Hear from business gurus – Andrew Van De Beek from Illumin8 Accounting, Sam Musgrave from Nine Advisory, David Boyar from Sequel CFO and Troy Townley from HTA Advisory – who have shared their 12 merry tips that will get your small business ready for christmas.
By Alistair Lamond on 18-Jun-2017 10:59:41
Factoring in Australia has experienced rapid growth signalling the impact of financial technology on the financial services industry. The FCI estimates that Australian annual factoring volume has boomed from A$66.7 billion in 2015 to over A$74.7 billion in 2016. This has been driven mainly by the growth of factoring companies providing services that outperform those of the big Australian banks. It is clear that the traditional factoring model has benefited firms in the increasingly competitive business market.
By Alistair Lamond on 6-Apr-2017 01:59:40
Having foresight over your monthly cash flow forecast is critical to the survival and success of your business. Every business owner should be asking the following questions to best understand how to do a cash flow forecast for their small business: “Can we pay our employees at the end of month?” “Do we have the cash to pay PAYG and GST at the end of the month?” “Can we afford to take on this big new customer?” “Can we get prices if we pay suppliers earlier?”
By Alistair Lamond on 2-Apr-2017 08:59:30
How many banks are operating in Australia? You’re probably thinking there are at most 20 banks. You would be very wrong. There are actually thousands, possibly hundreds of thousands of banks in Australia. ‘How is this so?’ I hear you ask. Well, every time your customer makes you wait for an invoice payment, you have effectively become a banker – presumably without the six-figure bonus or Ferrari.
By Alistair Lamond on 2-Mar-2017 01:59:27
Forget the days of whiskey-swilling Mad Men. Today’s marketing agencies have demands Don Draper would never have dreamed of. The current climate sees the old world of marketing – television and print – overlapping with the breakneck speed of digital, and advertising agencies are scrambling to keep up.
By Alistair Lamond on 2-Feb-2017 07:59:49
Everyone knows the lifeblood of any business is to control your cash flow. Without it a business cannot exist. Why then is cash flow, or more correctly the lack of, the number one reason that 49% of businesses fail within 4 years? “A rising tide floats all boats but it’s only when the tide goes out that we can see who was swimming naked” – Warren Buffett
Get more insights from Skippr