Meet Vanessa, she runs a small bustling cafe, but like many small businesses, she finds cashflow a challenge. You see, Vanessa must wait to get paid by her many customers before she can pay her bills, staff and suppliers. Yet bills keep arriving throughout the month, this makes Vanessa stressed.
Meet Petro, he delivers Vanessa the best coffee beans on the market, and Sam the baker supplies freshly baked goods each morning. Pedro and Sam have their own bills and supplies to pay too. It looks like everyone shares the same cashflow issue and things could get messy.
This is where a suitable ANZ business credit card, like the ANZ Business Black can help.Vanessa can keep her suppliers happy by paying their invoices as they come in. Later in the month, Vanessa receives her credit card statement from ANZ, but payment of this statement is not due for further 25 days. So all up, depending on when she pays her bills during the month, she could enjoy a buffer of up to 55 interest free days on her purchases.
By knowing her ANZ business credit card statement date, Vanessa can maximize her cashflow benefit, by using her card to pay as many bills as possible early in her statement period. She'll incur no interest on her eligible purchases when she pays her statement on time.
Getting on top of her businesses cashflow makes good sense. With all her bills paid on time and easy to see in one statement, Vanessa saves time on admin. She can now concentrate on what's most important for her business.
Do you need to improve your cashflow? Call ANZ Business today to see how an ANZ business credit card can help your business. Get on top of cashflow search ANZ business credit cards.