Supporting Your Success MGI Australasian Conference 2019
Success Our Way ✓ New brand ✓ New products Supporting your success ✓ Unique features of our Fee Funding product that add value to MGI ✓ New Payment Page ✓ Sneak peek at a new payment product ✓ Accounts Receivable best practice in Australian Service Firms ✓ Overview of smartAR Ledger Management Q & A
A brief overview of brand consolidation our product suite and our roadmap for the future and how this supports our partnership with the MG Group. Three brands to one (feeLink, feeSmart, smartAR) One brand, several products; ❖ smartAR Fee Funding ❖ smartAR Payment Portal ❖ smartAR Ledger Management Our roadmap ❖ Integration, Innovation, Fintech
Does this mean success to you? 1. Increased cash flow 2. Improved client relationships 3. A reduction in admin resources ✓ Auto approvals Just some of the ways our Fee Funding is so simple and easy to use for ✓ Loan variations you and your clients. ✓ Flexi Loans with no paperwork or signatures Saving you all valuable time, admin and accounts resources. ✓ Fund in advance of services rendered Contribute to mitigating the risk exposure of the firm. ✓ Late payment follow-up best practice Remember, if you’ve done the work and the invoice is unpaid – you’re already wearing the ✓ Re-finance risk! ✓ Extensive funding terms Appealing for your clients, especially not leaving a footprint on their ✓ No credit checks as a standard credit file. ✓ Interest free option / Instalment Plan BNPL – providing what clients want.
Ple lease welcome Gillian Lynn………
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❖ $5m turnover ❖ Debtors at start 105 days $1.5m – Dec 2016 ❖ Debtors at Dec 2017 = 56 days $788,000 – additional $712k in bank ❖ Debtors Mar 2019 = 49 (Goal 60) ❖ $6.2m turnover ❖ Debtors at start 100 days $1.4m – Sep 2016 ❖ Debtors Mar 2019 = 45 (T/o $7.4m) – additional $1m+ ❖ $6m turnover in 2013 ❖ Debtor days 70 - $341,000 into back account in first 6 months ❖ T/O $8.5m now ❖ Debtors Mar 2019 = 21 days (14 day terms)
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