Unlock Your Trapped Millions: A how-to guide for B2B SMEs

Maintaining a steady cash flow is pivotal for the success of SMEs. It may come as a surprise then that so many Australian businesses have substantial funds — we’re talking hundreds of thousands to millions — locked up within their supply chain. This guide will show you how to harness the untapped potential of these funds, providing a step-by-step approach to standing this up in your business.

1. Finding Hidden Funds

Understanding that your supply chain is not merely a logistical operation, but an untapped goldmine of contingency and growth funds is the first step. Identify the specific areas within your supply chain where dormant funds are concealed, exploring how they can be strategically used to benefit your business.

2. Unlocking B2B Benefits

B2B transactions offer SMEs a distinctive advantage by presenting a tangible means to access upfront funds. This transformative approach can revolutionise your approach to managing cash flow, payments, and relationships with suppliers. Enter the realm of supply chain finance, a powerful tool that opens avenues for financial optimisation.

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3. The Essence of Supply Chain Finance

Supply chain finance, in simple terms, is about optimising payment timing within the supply chain, creating a mutually beneficial scenario for both buyers and suppliers. Unlike traditional debt-based loans, supply chain finance aligns with your business cycles, preventing arbitrary payment debts that could disrupt your cash flow. Plus, it also acts as a risk mitigation control, ensuring the well-being of both your supply chain and your business.

4. The Practical How-To

To put these principles into practice, follow these practical steps:

• Evaluate Your Supply Chain: Conduct a thorough audit of your suppliers, focusing on payment cycles, and identify areas for improvement.
• Choose the Right Partner: Select a reliable business finance provider aligned with your business size and values. Fifo Capital specialises in supporting Australian B2B SMEs, helping them unlock the benefits of their working capital with the right technology and expertise for a seamless experience.
• Set Clear Terms: Establish transparent terms for suppliers to qualify for early payments, ensuring a straightforward process.
• Start Small: Minimise risks by initiating a pilot program before expanding to a larger scale.
• Onboard Suppliers: Efficiently bring key suppliers on board, leveraging technology for simplicity.
• Monitor Performance: Regularly assess the program’s performance, making adjustments based on real-world feedback.

Unlock Your Trapped Millions

Like any new technique, the more you use it, the stronger it gets. Follow these steps to unleash the hidden power within your supply chain, gaining practical insights for improved financial well-being and sustainable growth.

Partner with Fifo for Expert Guidance

If you’re eager to unlock your trapped funds, the Fifo team can provide expert guidance in optimising your accounts payables and receivables to help achieve your business goals. Connect with Fifo today for personalised support and solutions.

Supply Chain Finance FAQs

Is supply chain finance just for big businesses?

No. It’s designed for SMEs, not limited to big corporations.

Do I need to understand this thoroughly?

While understanding the benefits is helpful, Fifo’s experts can seamlessly set up supply chain finance, allowing you to focus on your business.

Can I really access millions?

The amount depends on your trade volume. Whether it’s hundreds of thousands or millions, it can significantly improve your business’s well-being.

How do I get started?

Contact Fifo for a 15-minute, obligation-free strategy call. Their experts will assess your suitability and develop a plan to maximise your payables and receivables, enabling you to unlock your trapped funds.