National Disability Insurance Scheme (NDIS) Industry Funding Solutions
OptiPay specialises in providing funding solutions for National Disability Insurance Scheme providers, because we understand that as a busy provider it’s stressful and tiresome to keep track of outstanding payments and to wait for the funds to roll in when you have to make payroll every week
Speak to OptiPay today about the optimal funding solution to ensure that your business has the cash flow it needs to pay your carers and staff.
National Disability Insurance Scheme (NDIS)
With the introduction of the National Disability Insurance Scheme by the Australian Federal government in 2013, an industry was created to support Australians living with disability through funding from the government.
The NDIS allows Australians living with disability to select their own service providers based on their specific needs and requirements with over 400,000 participants receiving services through the program. Nearly 20,000 service providers are assisting Australians in need and employing over 200,000 carers.
Providers work hard every day to ensure NDIS participants get the best care possible — but they have to wait days, or sometimes weeks, to receive payments for the services they render. Whilst the NDIS framework aims to release funds within 14 days of uploading a service invoice, often these target timeframes are not achieved, and this can have a significant negative impact on your cash flow position.
OptiPay provides a range of fast, flexible, fair and affordable cash flow solutions that ensure NDIS Providers have the cash to meet weekly payroll regardless of whether the Plan Manager has processed the payment. With a Service Provider’s most valuable asset being its carers, it is vital to your success that they are paid on time, every time.
Invoice Finance
OptiPay will give you up to 90% of the invoice value as cash within 24 hours of delivery of the product to your buyer. Learn More
Trade Finance
Pay your suppliers now with OptiPay and make repayment in 90 days. Learn More
Inventory Finance
Fund the purchase of stock and pay OptiPay when you sell the product. Learn More
Business Line of Credit
A revolving Line of Credit that can be used to pay suppliers, sub-contractors or other creditors with flexible repayment periods tailored to suit your businesses cash cycle without the need for property security. Learn More
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Note: OptiPay funding solutions are only suitable for businesses with annual revenues of $1m+ per annum.