Business News

Wed Aug 21

Payright buy now, pay later

Written by Christine Kardashian

Australian fintech and payment plan provider Payright today announced its move into e-commerce enabling accredited merchants to add the payment option to the checkout in their online store. Customers will now be able to select Payright at the online checkout allowing them to opt for the flexible buy now, pay later payment option for their purchases.

Payright has created payments modules supporting its e-commerce capability with a number of platforms including Magento, PrestaShop, WooCommerce and Drupal, with several more platforms scheduled for release in the coming months. The functionality is built directly into the platform giving Payright access to thousands of merchants across its target market.

Piers Redward, co-founder and joint CEO of Payright, said, “We have seen an overwhelming response to our initial launch of e-commerce with many existing merchants seeking to use the functionality and a growing number of new merchants joining the Payright platform off the back of the launch. We have endeavoured to build on the solution being offered by other buy now, pay later providers by developing an e-commerce module designed for more considered purchases from $1,000 to $20,000, as well as smaller buys up to $1,000.”

Myles Redward, co-founder and joint CEO of Payright, said, “Providing an integrated solution directly into our merchant partners’ online stores is expected to increase sales volume by up to 30 per cent and improve yield. Consumer adoption of ‘no interest ever’ payment plans is at an all-time high, and by integrating our e-commerce plug-in into their web platform, existing and prospective merchants can now provide their customers with an omni-channel buy now, pay later offering – both in-store and online.”

The introduction of e-commerce to the Payright platform coincides with the unveiling of its new branding and visual identity, representing the company’s values and ethos of ‘Make easy happen’. As consumer behaviour is increasingly shifting towards buy now, pay later and away from credit cards, in turn Payright has created a structure for its narratives in order to effectively communicate and engage merchants and consumers.

Recognising that awareness of the buy now, pay later space is at an all-time high, Payright aims to educate and build a brand that resonates with target merchants and consumers. Featuring a new suite of logos and website, the rebranding reflects the transformation of Payright, and visually and verbally differentiates the brand between other buy now, pay later players in the market.

Payright is partner-led and has a consultative partnership approach with merchants. Aspects of the product and process are tailored to merchants, which ultimately benefits them, as well as their customers. Merchants transactions are settled the same day, upfront and in full and Payright manages the customer’s repayments, mitigating any risk for the merchant, improving their cash flow and helping to increase profit for their business. Payright adopts a number of responsible lending principles to ensure a positive customer experience, leading to additional referrals and repeat business for merchants.

In its first three years of lending, Payright has acquired over 1,500 merchants with around 100 new merchants joining the platform every month and written 18,000 plans totalling approximately AU$45 million. Payright’s end customer base is around 20,000 and the company is targeting $100 million in volume in FY20.

About Payright
Payright is an Australian payment plan provider developed for merchants to accelerate return-on-effort and for making things more affordable to consumers, by spreading the cost of purchases over time, without ever paying interest. Payright provides merchants access to a flexible buy now, pay later payment program to offer their customers, intended for bigger ticket items that are more considered purchases rather than smaller impulse-driven buys. Payright follows responsible lending principles and performs extensive identification and credit checks to ensure a customer’s repayment capability. Merchants are paid upfront and in full on the same day and include a diverse mix of products and services such as direct sales, home improvement, photography, dental, and health and beauty businesses.

Founded by brothers Piers Redward and Myles Redward, Payright is based in Melbourne, Australia. For more information, visit www.payright.com.au.

Wed Aug 21

Home Office Ideas To Transform Your Office Into Something Great

Written by News Company

It's a wise decision to make your home an extension of your main office or simply a standalone office. You can save money since you’re no longer renting an office space, and you feel more relaxed when you're at home. Also, work efficiency is increased because you're in a comfortable setting. That being said, you can turn your home office into something great using your creative skills.

When it comes to implementing home office ideas, remember the importance of separating your home office space from your residential living space. Make sure to keep your non-office area free of work items. In that way, there's a perfect balance between work and leisure or relaxation time with your family. Also, you have to set work hours to be more productive and organized.

Below are some home office ideas you might want to consider:

Determine the Space or Size of Home Office You Need

You may convert your guest room or another area you don't utilize a lot into a home office. Make sure to keep your work within the space, so you can easily find and retrieve the things you need effectively and efficiently.

There are many factors you have to consider when determining the right size for a home office setup. Your space does not need to be too big.

Here are some important considerations when determining the perfect size of home office space for your business:

Purpose and Activities in the Space: Do you perform paperwork or computer tasks (requires computer hardware or equipment)?

External Clients Visiting the Space: Dental clinics, law firms, consultancy services, or local convenience stores are types of businesses with large foot traffic.

Employees Collaborative Work: Do you need to hire an assistant or secretary or additional staff members? If yes, consider a more spacious home office.

Materials Needed to Store: If you have an eCommerce business, you might need to store products and materials. Do you need to display or store products, like dietary supplements, electronic devices, or clothes? You’ll need enough space for these things, too.

With these considerations in mind, you now have an idea of how big your home office space should be.

Compartmentalize Your Home Office

Compartmentalizing your home office space into identifiable segments promote order in your office space. Make sure that you have adequate storage compartments, fast and efficient equipment, and proper wiring for telecommunication services. Also, it’s wise to invest in ergonomic chairs.

Provide Good Home Office Lighting

Good lighting is an essential aspect of every business establishment or office. Make your home office looking great with natural daylight through your window. Daylight is an excellent source of evenly balanced white light.

Here are some tips when you don't have an available source of daylight:

* Use a combination of task and general lighting. A high-quality task light is essential for cloudy days or late nights.
* If ever your home office is in a room without windows, like the basement, you can check artificial daylight light sources that are more energy-efficient.
* You'll find a lot of ergonomically designed task-lighting fixtures with dimmer switches, allowing you to control enough amount of light.
* Don't place a computer screen in front of a light source and never place overhead lighting above computer screens to prevent eye strain.

Incorporate Eco-friendly Design

By having an eco-friendly home office design, you'll promote a good balance of work and natural-relaxing elements. You may use locally available and sustainable products like furniture items from sustainable forestry and recyclables, like recycled glass countertops.

Use the Power of Colors in Designing Your Home Office

Greens, blues, and violets are cool colors. They evoke relaxation and peace.

However, if you want your staff, walk-in visitors, and clients feel more relaxed without getting sleepy, paint your wall with a green color palette. It fosters concentration and fresh ideas. Lime green combined with yellow hues add vitality and freshness to your home office.

If you want to use red, make sure to use it as an accent and not a primary color for your walls or ceilings. It’s because this color produces strong feelings. To stimulate stimulation and improve concentration, lavender, or purple tone can be used.

Maintain Privacy In Your Home Office

Noise and interruptions can disrupt work. If there are children around playing or neighbors tuning in too loud music, you and your staff may not be as productive as you expected. That's why, when planning an office area, you have to ensure that it has a reasonable degree of privacy.

You can use a portable screen to shield your work area from external noise and activities. Alternatively, divider walls (double as bookcases) won't only divide your work area but also provide superior storage solutions.

Conclusion

When it comes to creating a great home office, it doesn't end up choosing the right decors and the best type of equipment. You also have to consider the ergonomics, adequate workspace, proper lighting, and any presence of sources of distractions, like background noise.

Make sure to make the right choice and think of the needs of your staff and customers by making your home office efficient, comfortable, and looking great.