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TOP FIVE APPS TO INCREASE SECURITY IN BUSINESS
Here are some great iOS and Android Apps to help with passwords, mobile phone protection, security cameras over IP, data safety and network discovery.
DEBTORS FACTORING ACTIVITY CONTINUES TO INCREASE
The latest quarterly statistics published by The Debtor and Invoice Finance Association of Australia and New Zealand reported that for the year ended 31 March 2014 there was a $165.6 million increase in factoring turnover over the previous year.
CASE STUDY: FORESTRY CONTRACTOR - ACCOUNTANT REFERRAL
A Central North Island businessman acquired a forestry contracting business several months ago as part settlement for a long overdue unpaid trade debt owed for contract services provided to the business. Here's how we helped.
WHAT MAKES A GREAT BANKER?
According to a 2013 study by professional staffing firm, Robert Half, 90 percent of financial services executives report difficulties in recruiting good talent. Being "good with numbers" may make for a good banker, but there are some key attributes that distinguish good bankers from those that are great.
MASS MISTRUST OF CONTACTLESS TRANSACTION CREDIT CARDS
New Zealanders don't yet trust contactless transaction credit cards. A new survey finds about 718,900 adults have a contactless transaction card. However, while 337,600 say they like it 381,300 say they wish they didn't have it on their card.
BILLS PAID IN RECORD TIME - PAYMENT TIMES DROP BELOW 40 DAYS
Businesses have been paying their bills at the fastest rate recorded in 10 years of commercial invoice data, with payment times across New Zealand dipping below the 40-day mark in the last quarter of 2013 to an average of 39.6 days
INTERFACE EXPANDS OPERATIONS INTO MEXICO
Mexico has become the 8th country together with the US, Canada, New Zealand, Australia, UK, Ireland and Singapore where The Interface Financial Group is providing spot-factoring services to SMEs.
CASE STUDY: ROADING CONTRACTOR
An accountant approached Interface to assist a client who needed to pay for a major repair bill on one of their trucks. The repair bill would have taken the client outside of the limits of their existing bank facility.
NEW ZEALAND'S NEXT TOP BANKERS?
Banking is a less popular career option among business students than it was five years ago. The Deloitte Talent in Banking Survey 2013 reveals that banks' ability to attract and retain the best and the brightest is under threat. There are, however, opportunities for banks to make sure they capture the emerging generation of talent, beginning with refining their image as employers and focusing on projecting the key qualities that talented future bankers seek.
TOP 6 FINANCIAL APPS FOR 2014
The market for professional money managers isn't going away anytime soon, but as the mobile industry becomes more sophisticated, apps are starting to handle some of the heavy lifting.
NORTH ISLAND MANUFACTURER - OBTAINS $500,000 BANK FACILITY
Interface was approached by a Bank to assist a customer who had been in business for many years, but got into arrears with the IRD.
NELSON BUSINESS - CUSTOMER EXTENDS PAYMENT TERMS
A successful Nelson business struck trouble when their main customer advised suppliers they were changing payment terms to 60 days, rather than 30 days. Despite being very astute and having a constant eye on their cash flow, these changed terms put their cash flow into a tail-spin.
SO MUCH DATA BUT ARE BANKS MAKING THE MOST OF IT?
To stay competitive, banks need to understand their customers so they can offer the right products at the right time. Despite having vast amounts of information about their customers, banks are not using this data meaningfully for competitive gain. Recent research by IBM revealed that banks are lagging behind other industries in terms of the scope of data that they use and their analytic capabilities.
EVEN MORE HILARIOUS MONEY QUOTES
"A fool and his money are lucky enough to get together in the first place" - and 24 more of the funniest and inspirational money quotes that money can buy.
'TAP AND GO' HITS ONE MILLION TRANSACTIONS
Visa is defending the safety of its "tap and go" payment cards which last month exceeded one million transactions for the first time.
INTERFACE ASSISTS FORESTRY PARTNERSHIP
Interface recently assisted an East Coast forestry partnership who required working capital to commence harvesting their forest.
TRANSPARENT FEES AND CHARGES ARE A PRIORITY FOR BANKING CUSTOMERS
Most banking customers have no idea how much they are paying for banking services. Unclear communication of fees and charges is one of the leading reasons why customers change banks. According to the Ernst & Young 2012 Global Banking Survey, 22% of customers want their bank to improve its fees and charging structures.
MORE HILARIOUS QUOTES ABOUT MONEY
There's nothing more inspirational that a good quote. And there's nothing more funny than a good quote, too. We've scoured the internet looking for some of the funniest and inspirational money quotes that money can buy.
SMES OWED $2.5 BILLION IN UNPAID INVOICES
Recent research carried out by Kiwibank estimated that New Zealand's small businesses are owed $2.5 billion in unpaid invoices. There are over 450,000 businesses that fall into this category.
CASE STUDY: AUCKLAND START-UP
A couple of years ago a small start up company in Auckland approached us. They had sourced hi tech LED lighting components from China and after many months of trialling, testing and lots of door knocking, they had secured an initial small purchase order from a commercial back- lit signage contractor. We provided the funds to pay the Chinese supplier and import the goods.
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