According to research recently undertaken by global online accounting software Xero, Australian SMEs that use online accounting are getting paid 19 days faster nowadays than they were two years ago – down from 51 days to 32 days. This statistic comes from analysis of four million Aussie SMEs in the two years since October 2011….
Frustration with tardy debtors was the obvious impetus behind this nifty invention from Belgium outfit ikki; an invoice with a voice-chip that begins to make weeping noises 20 seconds after the envelope is opened. But what’s truly inventive about the ‘crying invoice’ is its other purpose.
While global economic conditions are likely to remain shaky in the short-term, Australia looks set to ride out the crisis better than most other developed nations, according to Dun & Bradstreet’s quarterly Global Economic & Risk Outlook Report released today.
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