Business News

E-invoicing improves cashflow for SMEs

Australian Small Business and Family Enterprise Ombudsman Kate Carnell says e-invoicing is good for small and medium-sized businesses (SMEs). Ms Carnell argues that it streamlines payments and improves cashflow, and therefore makes SMEs more productive. She also welcomed the Australian Treasury’s public consultation on how e-invoicing could work best. $28 …

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CXI Research Group has the right formula

The CXI Research Group is holding its final event for 2018 at the end of this month. It’s called ‘X² – EX & CX Aligned’ and the topic is ‘Align your employees and your customers’. It will take place at the Swinburne Centre at Richmond Football Club in Melbourne Creative …

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PepsiCo ANZ taking gender equality to the max

Women now make up the majority of the PepsiCo ANZ executive leadership team with the appointment of two new female executives. The new additions to the leadership team have increased the number of women to seven. Men fill the other five roles. Louise Baker: Senior Sales Director ANZ Stepping into …

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Minister to intervene in ‘double dipping’ case

Federal Jobs and Industrial Relations Minister Kelly O’Dwyer says she’ll intervene in a federal court case involving employee entitlements. The company involved is WorkPac, which describes itself as “specialising in recruitment for mining jobs, construction, engineering, and oil and gas jobs”. The National Retail Association (NRA) has welcomed the minister’s …

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Darrell Lea acquires Heritage Fine Chocolates

Darrell Lea has acquired Melbourne-based independent chocolate company Heritage Fine Chocolates. According to Darrell Lea, the purchase enables it to establish a chocolate “centre of excellence” in Melbourne. The company says the acquisition will create up to 50 new jobs within the first year of operation. It has also said …

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Global brands ‘cooler’ than local ones – millennials

Millennial and generation-Z shoppers continue to favour big global brands over local ones, according to a new survey. There’s increasing demand for local or national manufactured products across Europe. But the latest IRI survey identifies an underlying contrast when segmenting shoppers by age. IRI’s European Shopper Survey has revealed that …

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Paving the way for the future of retail

Active International Australia explains how to safe-proof your inventory management. Managing stock is fraught with challenges in today’s retail landscape. While surplus stock ties up capital and can keep you from reinvesting in your business, waiting times on products will deter the modern customer who ‘wants it right now’. Experts insist …

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Report reveals impact of NBN on small businesses

Small businesses in mature national-broadband-network (NBN) regions grew employment by one-third more than businesses in non-NBN regions in 2017. They also increased revenue by almost two-thirds more. So says a new report, ‘From little things big things grow’, from Xero Small Business Insights and AlphaBeta. The report’s overall message is …

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Shopper Media Group launches Shopper Ai

Shopper Media Group has launched Shopper Ai, which it describes as a “new heat-map-based media-planning tool”. According to the company, it enables a new level of precision targeting and efficiencies for retail out-of-home buys. It “overlays” shopping centres nationally to identify the most effective retail out-of-home buy in the Australian …

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MGA welcomes bringing forward of SME tax cuts

Master Grocers Australia (MGA) has welcomed Prime Minister Scott Morrison’s decision to bring forward tax cuts for SMEs. These include small-to-medium-sized supermarkets, liquor stores and hardware outlets. CEO of MGA Jos de Bruin said: “Our members are facing cost increases at a rate never seen before. Bringing forward a reduction …

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