5 Australian Industries That Benefit from Invoice Factoring
Don Hesh
November 22, 2024
Positive cash flow is the key to business success across all market industries in Australia. Whether it be managing day-to-day
Debt Factoring
Debt Factoring or Invoice Financing as its better known, allows businesses to access funds owed to them before it is received by their debtors. It’s a way for businesses to access up to 90% from their outstanding invoices upfront and receive the rest when the customer pays, as per your normal trade terms with them.
Advantages of Debt Factoring
Debt factoring is a flexible alternative to traditional business loans as the amount of funds that can be accessed is based on the business’ sales (not the balance sheet or the debt and ATO position of the business). Debt factoring can hugely benefit cash flow since businesses can get instant access to a large percentage of the money owed to them immediately, instead of waiting for payments to arrive in 30 to 60+ days’ time.
Businesses that use debt factoring have better negotiating power with suppliers by using the money they receive upfront, to take advantage of early payment discounts and bulk-buying opportunities with their suppliers.
Debt Factoring
Quick Facts
As soon as you’re approved, you can upload some of your invoices or your entire Accounts Receivables ledger and you will receive the funds on the same day or within 24 hours of invoice verification. To get started, simply complete the online application form provided on our website. It will only take a few seconds and won’t affect your credit rating.
Quick Online Enquiry
It will only take a few seconds & will not affect your credit rating.
Note: OptiPay funding solutions are only suitable for businesses with annual revenues of $1m+ per annum.
Note: OptiPay funding solutions are only suitable for businesses with annual revenues of $1m+ per annum.
As featured In
Debt Factoring Offers a Great Solution for:
- Small and medium size businesses that need working capital to keep growing
- Businesses with annual revenue of at least $1.0 million and who have at least 4 regular paying customers
- Businesses that are coming out of a tough trading environment that need cash today to bridge the gap between invoicing customers and getting paid
- Seasonal cash flow fluctuations
Why Use OptiPay's
Debt Factoring?
Solve your business cash flow needs with flexible, fair funding.
There are all kinds of reasons why businesses are seeking to avoid loans and bank overdrafts (assuming you get approved for a business loan) – which are restrictive, often linked to property security, and commit a borrower to long months of regular repayments. That’s why Australian businesses are now securing debtor finance of over $60 billion each year using their accounts receivable. Debt factoring is the smart option for Australian SMEs.
- No upfront application fees, property security and no hidden fees.
- OptiPay wil fund $100,000 to $5.0 million.
- No long-term contracts. Self-select and manage your cash flow needs.
- Fast approval with funding in 24 hours of account establishment
Here’s why Our Clients choose OptiPay
This is Paul, he is one of the directors of UVS, a labour-hire provider to the construction industry. Here’s what he has to say about how OptiPay was able to help his business grow and succeed. Contact an OptiPay expert today to see how we can help you.
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OptiPay Platform Integrations
OptiPay’s accounting interface is quick to setup and integrates seamlessly with your accounting software
to help to manage your money and pay suppliers.
