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How can your SME go green by using invoice finance?

22 January 2016

Going green can help take your business to the next level. By promoting aiding the environment, more people may look to use your business and do their part for global sustainability. However becoming an eco-friendly organisation is not always cheap to begin with. An SME might look to upgrade technology, or provide subsidies for employees to encourage their use of a more environmentally friendly product or service. That's where invoice finance can help.

What going green looks like

Converting your company to a clean, green machine means cutting down on waste. That could be achieved by taking advantage of the digital age and upgrading computers to enable employees to email and scan, rather than print and copy. Saving paper is an effective way of reducing waste, as the average office worker uses up to 10,000 sheets of paper per year, according to reduce.org. Australian SMEs in particular will want to be seen as doing their part globally, after an Australian Climate Council report showed that there was an increase of 0.8 per cent in Australia's greenhouse gas emissions in 2015, compared with the previous year.

"The Council will be working harder than ever to ensure climate change is in the headlines - and that the most reliable and up-to-date climate change information is available for the Australian public," said Climate Council chair Gerry Hueston in an annual report.

With the Climate Council making sure that the effect of greenhouse gases in Australia is going to be a prominent matter in 2016, more businesses will be looking to get involved in helping make the planet healthier.

Along with cutting paper use out of an office, small businesses in particular can encourage employees to take public transport by providing a subsidy to those who use buses and trains, rather than driving themselves. Even carpooling can be an effective way to cut cars off the roads each day. The subsidy doesn't have to be big, but every bit counts when it comes to saving money, and your employees will benefit as well as the environment.

The benefits of invoice finance

Whether you are removing paper from the office equation, subsidising public transport costs for employees or implementing teleconferencing for meetings, as recently recommended by Dynamic Business, debtor finance can give you the cash injection required to make these things possible. Having more capital available that a business is owed through unpaid invoices will allow an SME to make the move towards being a sustainable organisation.

Talk to Earlypay today to find out how debtor finance solutions can benefit your business.