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Payvio | ~2 min read WA's government committed to paying invoices under $1 million within 20 days, with no penalty if an agency misses it. That's the gap we wrote about two weeks ago: a promise with nothing behind it if it's broken. This week, WA's own Auditor General gave us a look at whether that promise is actually holding up in practice, and it isn't holding up cleanly. What the Auditor General found In its State Government 2025 Financial Audit Results report, published 3

Payvio | ~2 min read Western Australia's government committed to paying invoices under $1 million within 20 days, for all suppliers, effective October 2020 for goods and services and April 2021 for construction and works (WA SBDC). It's one of the clearer supplier payment commitments of any state. What it doesn't include is what happens if an agency misses it: no penalty interest, no stated consequence, no external enforcement. In its own letter to federal Treasury on the iss

Payvio | ~2 min read Western Australia's government commits to paying small business suppliers within 20 days (SBDC). Nationally, the picture is different, according to the Payment Times Reporting Regulator's latest data (Payment Times Reporting Scheme): the average agreed payment term is 29 days, but it takes 64 days to clear 95% of small business invoices, and around one-third of invoices aren't paid within the term actually agreed for that deal. The real cost isn't the wai

Payvio | ~2 min read Someone on your AP team gets this email or call today. Then again tomorrow. Supplier after supplier, invoice after invoice. What is that actually costing you? The ATO's own eInvoicing value assessment puts "late payment enquiries" at 5 minutes each, occurring on 48% of purchase invoices (ATO). That's not occasional. That's nearly half of all invoices generating a follow-up call or email. It doesn't show up as a line item anywhere, but the labour is real,

Two things we hear constantly from suppliers, almost word for word: "Can you handle this buyer for us, they don't pay on time and they're too much effort to deal with." And its quieter cousin: "We stopped working with that buyer. Too much effort to deal with." Neither of those is about price, or product, or service quality. It's slow payment stacked on top of red tape: too many approvals, too many hoops, too long to actually get the work moving. Individually survivable. Toget

Why Waiting for Payment Kills Businesses Why a New Cash Flow Category Had Exist "Transaction Credit" Cash flow isn’t broken because businesses are bad at managing money. It’s broken because money moves too slowly. The Silent Cause of Business Failure Across Australia, profitable businesses are collapsing, not because they lack customers, demand, or ambition, but because time is working against them . 1. Cash‑Flow Is the #1 Risk for Australian SMEs Nearly 80% of Australian SME

Every buyer, CFO, procurement leader, or operations executive knows the pressure of managing supplier payments. It might seem like a simple task: hold onto cash a little longer, improve your working capital, and keep your business flexible. But what if paying late is quietly adding costs you don’t see? What if the risks you carry by delaying payments are bigger than the short-term cash benefits? This post explores the hidden costs of late payments and how smarter payment stra

Using an invoice payment service such as Payvio offers a practical solution that simplifies the entire process. This article explores how such services improve business efficiency, reduce risks, and support growth. If you ask most businesses where cashflow pressure really comes from, the answer is almost always the same: “We’ve done the work — we’re just waiting to be paid.” Delayed payments are not just an inconvenience. They quietly drain time, capital, and management atten

Sustainable living is no longer just a trend; it has become a necessity for the survival of our planet and future generations. As we face the consequences of climate change, pollution, and resource depletion, the need for a lifestyle that minimizes our environmental impact has never been more urgent. In this blog post, we will explore what sustainable living means, its benefits, and practical steps you can take to adopt a more sustainable lifestyle. Understanding Sustainable

Mindfulness is more than just a buzzword; it’s a transformative practice that can enhance your daily experiences. In a world filled with distractions and constant demands, cultivating mindfulness can help you find clarity, reduce stress, and improve your overall well-being. This blog post will explore the concept of mindfulness, its benefits, and practical ways to incorporate it into your everyday life. What is Mindfulness? Mindfulness is the practice of being fully present i

Mindfulness has gained significant attention in recent years, becoming a buzzword in wellness circles and beyond. But what does it truly mean to be mindful, and why is it essential in our fast-paced world? This blog post will explore the concept of mindfulness, its benefits, and practical ways to incorporate it into your daily routine. What is Mindfulness? Mindfulness is the practice of being fully present in the moment, aware of your thoughts, feelings, and surroundings with