Invoice Factoring
Struggling with cash flow and tired of slow bank approvals? Invoice factoring is the smart way to unlock fast funding without the hassle of traditional finance contracts. OptiPay, Australia’s leading invoice factoring provider, helps businesses turn unpaid invoices into immediate cash—ranging from $100,000 to
$5,000,000. No long waits, no unfair terms—just fast, flexible funding to keep your business growing.
What is Invoice Factoring?
Invoice factoring is a smart financial strategy that allows businesses to convert their outstanding invoices into immediate working capital. In this process, you sell your accounts receivable to a specialized finance provider such as OptiPay and receive up to 90% of the invoice value in cash right away. The remaining balance is paid once your customer settles the invoice, typically within 30 to 60 days.
Also known as accounts receivable factoring, invoice finance, or debtor finance,
invoice factoring offers a flexible, fast alternative to traditional bank loans. It not
only accelerates your cash flow but also takes the hassle out of chasing late payments, so you can focus on growing your business.
Key Benefits of Invoice Factoring:
- Rapid Cash Access: Unlock immediate funds from unpaid invoices.
- Improved Cash Flow: Bridge gaps in working capital without waiting 30 to 60 days for payments.
- Flexible Financing: Scale your funding as your business grows without the rigidity of conventional loans.
Whether you need to invest in new equipment, expand operations, or simply maintain smooth day-to-day activities, invoice factoring with OptiPay provides a reliable solution to optimize your business cash flow. Ready to transform your cash flow and fuel your business growth? Discover how invoice factoring can work for you today!
Understanding the True Difference Between Invoice Factoring and Invoice Discounting
Both invoice factoring and invoice discounting are powerful financial tools designed to free up cash tied in unpaid invoices but they work in distinctly different ways.
Invoice Factoring
With invoice factoring, you sell your outstanding invoices to a finance provider (like OptiPay) and receive an immediate cash advance, often up to 90% of the invoice value. In this model, the finance provider takes control of your accounts receivable ledger and handles all aspects of credit control and debt collection. This means you can focus on your business while the factor manages your customer collections and minimizes the administrative burden.
Invoice Discounting
In contrast, invoice discounting allows you to access cash by using your unpaid invoices as collateral while retaining full control of your accounts receivable. With this method, your business continues to manage its own debtors and collects payments in the usual way. This option is ideal if maintaining direct customer relationships is crucial, yet you still need a fast, flexible way to boost your cash flow. At OptiPay, our tailored invoice discounting solution empowers your business to unlock fast working capital without surrendering control of your debtor ledger—offering the best of both worlds to keep your cash flow smooth and your customer relationships intact.
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Note: OptiPay funding solutions are only suitable for businesses with annual revenues of $1m+ per annum.
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Benefits of Factoring
and Invoice Discounting
- Immediate Cash Flow: Unlock up to 90% of your outstanding invoice value within 24 hours of approval.
- Scalable Funding: Increase your funding capacity as your turnover grows.
- Operational Efficiency: Reduce administrative burdens by outsourcing collections with invoice factoring.
- Risk Mitigation: Reduce exposure to bad debts with invoice factoring providers credit assessments.
- Transparent Costs: Enjoy clear, upfront fee structures with no hidden costs.
Who Can Benefit from Invoice Factoring and Invoice Discounting?
- Small and Medium-Sized Businesses: Need additional working capital to drive continuous growth.
- Established Enterprises: Best suited for businesses with annual revenues of at least $1.0 million.
- Companies in Recovery: Require immediate cash flow to bridge the gap between invoicing and payment.
- Seasonal Businesses: Ensure steady liquidity throughout the year.
Likewise, Factoring and Invoice
Discounting are useful options for:
- 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
- For 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
Who uses Factoring and Invoice Discounting?
- Engineering
- Recruitment
- Transport & Distribution
- Manufacturing
- Wholesalers
- Printers
- Cleaning, Maintenance and Landscaping companies
- Numerous Other Industries
OptiPay Funding Process:
5 Simple Steps to Secure Invoice Factoring Funding
Step 1: Quick Same-Day Setup
- No Application or Set-Up Fees
- No Long-Term Lock-In Contracts
- No Property Security Required
Step 2: Select and Upload Your Invoices
- Choose Only the Invoices You Want Funded
- Scalable Funding
Step 3: Due Diligence
- Thorough Credit Checks
- Transparent Appraisals
Step 4: Access Up to 90% of Your Cash Up Front
- Fast, Flexible Funding
- 24Hour Approval
Step 5: Receive the Balance of Your Cash
- Complete Cash Flow
- Lower Discount Fees Over Time
- Pay-As-You-Go Model
OptiPay’s offering
At OptiPay, our invoice discounting solutions allow your business to get an advance against your accounts receivables ledger – either on a selective or whole ledger basis.
It’s quick and easy to access funds, which means you can get the cash flow you need to get on with business.
With OptiPay you get:
- Fast funding: quick funding decisions and set-up
- Hassle free experience: easy to use
- Help in real-time: personal customer support
- Straightforward costs: no upfront costs and no hidden fees
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.
