Reasons For Choosing Invoice Finance Australia
For a business, managing cash-flow can be a challenging thing to balance. There are times when bills need to be paid straight away while it may take up to 30 days for customers and clients to pay you. This can put a tremendous amount of strain on your operations. And that’s where Invoice Finance Australia comes into play.
So what is invoice financing? When you break it down, invoice financing is a simple concept. A business typically issues invoices to its clients for products and services provided. On the company ledger, they are basically assets. The total amount owed to your business through outstanding invoices can be sold or bought like any business asset. Therefore, Invoice financing allows businesses to borrow cash against outstanding amounts from clients.
Invoice financing essentially works by the business selling its outstanding invoices in the form of assets at discounted rates to another party like Invoice Finance Australia. Invoice factoring assists businesses in bettering their cash-flow, pay suppliers and employees and make reinvestments in growth and operations that wouldn’t happen if they were to wait for balances to be cleared in full. Other benefits of invoice factoring include.
Invoices Paid In 24 Hours
You can’t find a faster cash-flow when you need it than with invoice financing. IFA offers invoice finance services that turn outstanding invoices into cash-flow. The application is pretty much straightforward, plus the approval rate is high and fast. As compared to other unsecured loans, the payment terms are pretty friendly, given their low-interest rates. So you can have cash-flow funding as soon and as fast as you want, all paid by days end upon invoice approval.
Flexible Invoice Financing
You can get funding from $50k to $5 Million all in a day with invoice factoring. This flexible Invoice Financing offers an affordable and quick way of reclaiming cash-flow from some of your debtors. This will allow you to accelerate the growth of your business. And the best part about it all is that there is no application fee, no audit fees, no undrawn or unused fees, no upfront fees, and no property security need.
There are times when the debtor may default on their payment, which may leave you stranded if you have bills to pay – which is almost always. Invoice Financing Australia have you covered and offers insurance against bad payers to allow for operations to proceed. All their offers and deals come with debtor insurance included. Invoice Financing Australia will pay a certain percentage of the invoice, and in the event, a debtor is deemed insolvent, they will ensure the losses incurred.
Flexible Facility Options
These guys don’t intend to tie you down with binding contracts or keep you there more than you want. You can use their services when you need them, given their come-and-go flexibility and also no fixed-term contracts. It’s all about efficiency here. They can integrate invoices with various accounting platforms to help in sending payments automatically. Once you decide to take your leave, you will be removed from the domain for security reasons.
How Does Invoice Financing Work?
Once you create an invoice for your client, send Invoice Financing Australia a copy of the same. Upon approval, you will be paid a percentage of the invoice up-front, which usually happens in 24 hours. And just like that, you will have taken control of the cash-flow you’ve worked hard for.
Invoice factoring is fast gaining traction as a cash-flow funding solution amongst many Australian business owners. Invoice Finance Australia works with business entities across Australia to help in securing the cash-flow funding needed to grow and service their short and long term financial needs better. So no matter how big or small your business is, IFA has a specialized team equipped to assist you with your invoice finance requirement. Call today and get started!