--- title: 5 Ways to Speed Up Your Cash Flow Without Chasing Invoices description: Discover 5 proven ways to boost your business cash flow without chasing invoices. From smarter invoicing to instant mobile payments with Nexxtap, learn how to get paid faster and stay on top of your finances. image: https://nexxtap.com/hubfs/Nexxtap%20x%20Samsung%20Sydney%20-%2017.jpg --- [![Nexxtap Logo _Wordmark - White-2](https://nexxtap.com/hubfs/Nexxtap%20Logo%20_Wordmark%20-%20White-2.png)](https://nexxtap.com) - [PRODUCTS](https://nexxtap.com/features) ## [Our Product Options From micro merchants to enterprise, our 3 product configurations are built for all types of businesses.](https://nexxtap.com/features) ### [Nexxtap - Standalone A standalone application that turns NFC enabled android devices into contactless terminals](https://nexxtap.com/features) ### [NexxPOS Payments + POS. One app. Feature packed.](https://nexxtap.com/nexxpos) ### [co.Nexxtap - App-to-app Integration App-to-app integration. You bring your app, we handle the payments, security, and certifications.](https://nexxtap.com/conexxtap) ### [Online Payments Collect online payments + power your ecommerce store](https://nexxtap.com/online-payments) - [PRICING](https://nexxtap.com/pricing) ## [Simple, No asterisk Pricing  ](https://nexxtap.com/pricing) - [BUSINESSES](https://nexxtap.com/tradies) ## [Built for Business  ](https://nexxtap.com/tradies) ### [Tradies Collect payment once the job is done with daily settlement into your bank account. ](https://nexxtap.com/tradies) ### [Services Turn your smartphone or tablet into a payment processor. No more dongles or terminals needed!](https://nexxtap.com/services) ### [Non-for-Profits Accept donations on volunteer devices with fast fund settlement!](https://nexxtap.com/non-for-profits) ### [Health & Fitness Take payment as soon as the session completes.](https://nexxtap.com/health-and-fitness) ### [Retail Fast funds settlement into your bank account of choice.](https://nexxtap.com/retail) ### [Food & Beverage Scale your payment facilities for peak times at no extra cost.](https://nexxtap.com/food-and-beverage) - [SUPPORT](https://support.nexxtap.com/hc/en-us) ## [Support Centre](https://support.nexxtap.com/hc/en-us) ### [Blog Tips & tricks](https://nexxtap.com/blog) [BOOK A CALL](https://nexxtap.com/book-a-call) [GET STARTED](https://nexxtap.com/signup) softPOS # 5 Ways to Speed Up Your Cash Flow Without Chasing Invoices Discover 5 proven ways to boost your business cash flow without chasing invoices. From smarter invoicing to instant mobile payments with Nexxtap, learn how to get paid faster and stay on top of your finances. [Mikayla Corrie-Muller](https://nexxtap.com/blog/author/mikayla-corrie-muller) Jul 18, 2025 [mailto:?subject=Check%20out%20https://nexxtap.com/blog/5-ways-to-speed-up-your-cash-flow-without-chasing-invoices&utm_medium=social&utm_source=email%20&body=Check%20out%20https://nexxtap.com/blog/5-ways-to-speed-up-your-cash-flow-without-chasing-invoices&utm_medium=social&utm_source=email](mailto:?subject=Check%20out%20https://nexxtap.com/blog/5-ways-to-speed-up-your-cash-flow-without-chasing-invoices&utm_medium=social&utm_source=email%20&body=Check%20out%20https://nexxtap.com/blog/5-ways-to-speed-up-your-cash-flow-without-chasing-invoices&utm_medium=social&utm_source=email) --- ## **5 Ways to Speed Up Your Cash Flow Without Chasing Invoices** **“Because your time is better spent running your business, not tracking down payments.”** Cash flow issues are one of the biggest challenges facing small and medium-sized businesses in Australia. Whether you’re running a small, medium or large business, waiting weeks to get paid can seriously disrupt your operations and peace of mind. The good news? There are smart, simple steps you can take to **keep the cash flowing, without having to chase down clients**. Many of them come down to better systems, smarter payment options, and small changes in how you manage money. Here are **five effective ways to speed up your cash flow without constantly chasing invoices**: ### **1. Review and Adjust Your Payment Terms** If your invoices still say “30-day payment terms”, it might be time for a rethink. - Shift to shorter payment terms, 7 or 14 days is common across many trades and service businesses - Request partial payment upfront or deposits for larger jobs - Introduce early payment discounts or late payment penalties (used sparingly) to encourage timely payments These small shifts help set expectations upfront and reduce long delays in cash coming through (Quantum House, 2023; Prospa, 2023). ### **2. Automate and Streamline Invoicing** Manual invoicing leaves room for delays and forgetfulness. Today, there’s no excuse not to be sending invoices straight after the job is done. Use cloud-based accounting tools like Xero, MYOB, or Thriday to: - Send invoices instantly - Add automated reminders - Accept online payments directly from the invoice This creates a smoother, faster system that doesn’t rely on memory or manual admin, and your customers will thank you for it (Westpac, 2023; Carbon Group, 2023; Thriday, 2024). ### **3. Offer More Ways to Pay** We live in a tap-and-go world. If your business still relies on bank transfers or cash only, you’re slowing down your income. Offer your customers multiple ways to pay, such as: - Debit and credit card payments - EFTPOS - Digital wallets like Google Pay - QR code payments or mobile tap-to-pay apps like **Nexxtap** More options = faster payments. That’s a win for you and your customers (GoCardless, 2024; MYOB, 2023). ### **4. Negotiate Better Terms with Suppliers** Cash flow isn’t just about what’s coming in, it’s also about what’s going out. If your suppliers are asking for payment in 7 days, but you’re only getting paid in 30, that’s a clear mismatch. If you’ve built a good relationship, ask to extend your payment terms to 30 days or request early payment discounts. It could give you more breathing room and help smooth out the peaks and troughs in your cash cycle (Omnis Group, 2023; Business.gov.au, 2024). ### **5. Review Your Expenses and Inventory Regularly** For product-based businesses, too much cash is often tied up in excess stock. For service-based businesses, it’s often tools, software, or subscriptions you forgot to cancel. - Review inventory levels and avoid over-ordering - Track outgoing expenses and cancel or downgrade where needed - Delay non-essential purchases where possible Smart financial housekeeping gives your business more agility, and less stress at the end of the month (Business.gov.au, 2024; QX Global Group, 2023). ## **Bonus Tip: Get Paid on the Spot with Nexxtap** One of the easiest ways to speed up payments? Skip the invoice entirely. With **Nexxtap**, you can turn your Android phone into a secure, tap-and-go payment terminal, no extra hardware or terminals needed. It’s: - **Affordable** (just 1.25% per transaction) - **Fast** (daily settlement) - **Perfect for mobile, on-the-go, or lean businesses** Start taking payments on the spot, and leave the late payers behind. ## **Ready to Boost Your Cash Flow?** It doesn’t have to be a juggling act. With the right tools and a few strategic changes, you can free up your cash, reduce admin headaches, and get back to doing what you love. 🔗 **[Try Nexxtap today](https://nexxtap.com)** and start getting paid faster, without the stress. ### **Disclaimer** This blog is for general information purposes only and does not constitute professional financial advice. Always consult a qualified financial advisor for personalised guidance. ### **References (APA7 Style)** - Business.gov.au. (2024). *Improve your cash flow*. Retrieved from [https://business.gov.au/finance/cash-flow/improve-your-cash-flow](https://business.gov.au/finance/cash-flow/improve-your-cash-flow) - Carbon Group. (2023). *Improving cash flow: How to get paid faster*. Retrieved from [https://carbongroup.com.au/improving-cash-flow-how-to-get-paid-faster/](https://carbongroup.com.au/improving-cash-flow-how-to-get-paid-faster/) - GoCardless. (2024). *Cash management solutions for SMEs*. Retrieved from [https://gocardless.com/en-au/guides/posts/cash-management-solutions-smes/](https://gocardless.com/en-au/guides/posts/cash-management-solutions-smes/) - MYOB. (2023). *5 things you can do instead of chasing up payments*. Retrieved from [https://www.myob.com/au/blog/5-things-you-can-do-instead-of-chasing-up-payments/](https://www.myob.com/au/blog/5-things-you-can-do-instead-of-chasing-up-payments/) - Omnis Group. (2023). *Improve cashflow with these 5 steps to faster payment*. Retrieved from [https://omnisgroup.com.au/improve-cashflow-with-these-5-steps-to-faster-payment/](https://omnisgroup.com.au/improve-cashflow-with-these-5-steps-to-faster-payment/) - Prospa. (2023). *Conquer the cash flow crunch*. Retrieved from [https://www.prospa.com/blog/conquer-cash-flow-crunch](https://www.prospa.com/blog/conquer-cash-flow-crunch) - Quantum House. (2023). *How to improve cash flow without cutting costs*. Retrieved from [https://www.quantumhouse.com.au/how-to-improve-cash-flow-without-cutting-costs/](https://www.quantumhouse.com.au/how-to-improve-cash-flow-without-cutting-costs/) - QX Global Group. (2023). *Strategies to free cash flow trapped in receivables*. Retrieved from [https://qxglobalgroup.com/fa/uk/blog/strategies-to-free-cash-flow-trapped-in-receivables/](https://qxglobalgroup.com/fa/uk/blog/strategies-to-free-cash-flow-trapped-in-receivables/) - Thriday. (2024). *How to get paid faster and avoid cash flow woes*. Retrieved from [https://www.thriday.com.au/blog-posts/how-to-get-paid-faster-and-avoid-cash-flow-woes](https://www.thriday.com.au/blog-posts/how-to-get-paid-faster-and-avoid-cash-flow-woes) - Westpac. (2023). *Six ways to get invoices paid faster*. Retrieved from [https://www.westpac.com.au/business-banking/cash-flow/six-ways-to-get-invoices-paid/](https://www.westpac.com.au/business-banking/cash-flow/six-ways-to-get-invoices-paid/) [softPOS](https://nexxtap.com/blog/tag/softpos) [support](https://nexxtap.com/blog/tag/support) [small business](https://nexxtap.com/blog/tag/small-business) ## Similar posts softPOS ### [How to Take Payments as a Jim’s Mowing Franchisee](https://nexxtap.com/blog/how-to-take-payments-as-a-jims-mowing-franchisee) Gardeners, stop chasing invoices and cut down on admin. Discover how Nexxtap turns your phone into a secure payment terminal so you can get paid... Mikayla Corrie-Muller Sep 22, 2025 Tradies ### [How Gardeners and Landscapers Can Get Paid Quicker and Do Less Admin](https://nexxtap.com/blog/how-gardeners-and-landscapers-can-get-paid-quicker-and-do-less-admin) Gardeners, stop chasing invoices and cut down on admin. Discover how Nexxtap turns your Android phone into a secure payment terminal so you can get... Mikayla Corrie-Muller Sep 22, 2025 softPOS ### [2025: The Future of Fintech, Payments, and Small Business Trends You Need to Know](https://nexxtap.com/blog/2025-the-future-of-fintech-payments-and-small-business-trends-you-need-to-know) As we move further into 2025, it’s clear that the financial landscape is evolving at a rapid pace. Mikayla Corrie-Muller Mar 17, 2025 ![Nexxtap Logo _Reversed](https://nexxtap.com/hubfs/Nexxtap%20Logo%20_Reversed.png) [support@nexxtap.com](mailto:info@nexxtap.com) Building 2, Level 3 50 McDougall Street Milton QLD 4064, Australia ### Product - [Login](https://merchant.nexxtap.com/login) - [Dashboard](https://merchant.nexxtap.com/login) - [Get Started](https://nexxtap.com/signup) ### Solutions - Nexxtap ### Businesses - [Tradies](https://nexxtap.com/tradies) - [Services](https://nexxtap.com/services) - [NFPs](https://nexxtap.com/non-for-profits) - [Health & Fitness](https://nexxtap.com/health-and-fitness) - [Retail](https://nexxtap.com/retail) - [Food & Beverage](https://nexxtap.com/food-and-beverage) ### Company - [Blog](https://nexxtap.com/blog) © 2025 Nexxtap All rights reserved [Privacy Policy ](https://nexxtap.com/privacy-policy) - [Terms & Conditions](https://nexxtap.com/terms-conditions) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Mikayla Corrie-Muller", "url" : "https://nexxtap.com/blog/author/mikayla-corrie-muller" }, "dateModified" : "2025-07-18T04:51:13.482Z", "datePublished" : "2025-07-18T04:51:13.000Z", "headline" : "5 Ways to Speed Up Your Cash Flow Without Chasing Invoices", "image" : [ "https://nexxtap.com/hubfs/Nexxtap%20x%20Samsung%20Sydney%20-%2017.jpg" ], "mainEntityOfPage" : { "@id" : "https://nexxtap.com/blog/5-ways-to-speed-up-your-cash-flow-without-chasing-invoices", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://nexxtap.com/hubfs/Nexxtap%20Logo%20_2%20Colour%20Green.png" }, "name" : "Webgate Technologies Pty Ltd" } } ```