Funding Story: Logistics Business
OptiPay
May 27, 2020
Video Transcript It’s a transportation business that is providing funnily enough transport services in the mining services sector and
Invoice Discounting
Flexible & Easy business funding
Need cash for your business but don’t want to take on debt or create further debt within your business? Then OptiPay can help you with a flexible funding solution today. Don’t wait for 45 or 90+ days for your clients to pay their invoices you’ve issued to them. Turn your outstanding invoices into cash within 24 hours with Invoice Discounting!
What is Invoice Discounting??
Invoice discounting is a great way of ensuring your business has the healthy cash flow it needs to operate and thrive. It can also be a smart way to get funds the business requires to invest in growth without getting tied into a loan with a fixed repayment schedule at high interest rates.
Flexible invoice discounting offers an alternative to business overdrafts and
unsecured loans by leveraging the thousands of dollars which businesses have tied up in unpaid invoices. By unlocking the cash in its accounts receivable ledger and getting that money today, a business can often meet all its finance requirements without having to sign up to a loan or give away equity.
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.
OptiPay charges no upfront application fees to set up an account, nor does OptiPay charge weekly or monthly interest and principal repayment fees like a traditional unsecured business loan. All you pay is a small percentage of the invoice value funded (called a discount fee) and only when your debtors pay their invoices. What this means is that you make no ongoing interest repayments at all. The actual discount fee charged varies based on the size and value of the business and the debtors being funded, suffice to say that it usually works out cheaper than taking out an unsecured business loan or even an unsecured overdraft facility. Yes, that’s correct – simple and fair.
OptiPay’s cash flow funding solutions DO NOT require property security as collateral. We use your Accounts Receivables ledger as collateral. The larger your ledger, the more funds we will advance you with no other physical security.
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.
Invoice Discounting is the
Smart Use of Money
- 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
As featured In
How much money
can I get?
Typically, you receive up to 90% of your invoice/s value up front, in cash. You then receive the balance of the invoice/s, less the OptiPay agreed discount fee when your debtor/s pay your invoice/s.
You can access as much as 90% of your total accounts receivable ledger, at any given time. Get in touch with us to find out how much money you could raise today.
So, where are
the hidden charges?
With OptiPay, there aren’t any. Not only is establishing a Funding Account completely free, there are no upfront fees on the process of getting cash. What’s more, invoice discounting is not a loan, so there are no interest repayments to be made.
You choose which invoices to fund with OptiPay and OptiPay will deduct a small discount fee only when your client pays their invoices, which credits your funding account allowing you to redraw to your approved Facility Limit for the new invoices you raise. You never need to worry about finding the money to repay the funding or the fee. TIM really is that simple and fair.
Why Invoice Discounting?
It’s the flexible, fair way to meet your business funding needs.
Australian businesses traditionally relied on loans and bank overdrafts for their funding. This meant that they were forced to sign up to years of interest rates and repayments even when they only needed to cover a gap in their cash flow. No wonder that Australian businesses have embraced invoice discounting to the tune of $60 billion a year. Australian SMEs who use invoice discounting are getting a far better and fairer deal.
No Hidden Fees
No upfront Application fees, no property security required and no hidden fees.
It’s 100% Flexible
We’ll provide the flexibility you require in order to manage your cash flows. No long lock-in contracts either.
Funding In 24 Hours
Don’t wait weeks or months for your money.
Why should I go with OptiPay?
We’ve arranged funding for clients against multiple debtors and on more than 22,000 invoices, now approaching three quarters of a billion dollars to Australian businesses.
The benefits of working with OptiPay include:
Available To All
Your credit history is not important and we don’t care if the banks will give you a loan or not. Because your invoice is a guarantee that the money is on the way, invoice discounting with OptiPay is available to every Australian business that invoices other businesses (B2B). Flexible funding facilities ranging from $100,000 to $5.0 million are available to Australian SMEs with suitable receivables on their ledger.
Low Cost
Not only is OptiPay’s single discount system fair, it’s highly cost effective. We don’t charge interest, and we don’t lock our clients into re-payment schedules that lead to extra charges when they aren’t met. And there are no application or set-up fees.
Easy & Fast
Getting your money to you fast is our priority. 90% of invoices are paid within 24-hours of approval. And with our online account giving you full control, you draw down funds when you need to.
No restrictive contracts or long lock-in periods
OptiPay offers flexible invoice discounting. It’s what we were set up to do, with an easy-to-use online account that gives businesses full control of their cash flow. That means no long lock-in periods or re-payment schedules. Your funding is automatically repaid as invoices are settled.
Low Risk
Unlike banks, who will take your business and your personal assets if you can’t pay them back, OptiPay’s only claim is on the invoices you offer for discounting. We even have a proprietary system, OptiPaySecure™ to protect you if your client doesn’t pay. Provided you acted within the law, you can rest safe in the knowledge that OptiPaySecure™ can cover up to 90% of the funding on a defaulted invoice and can also help to chase a debtor who failed to pay.
No Hidden Fees
Apply online from the comfort of your home or business, no unnecessary paper-work. Get up to 90% of your invoices paid within 24-hours of approval. Our simple online system gives you full control over your financing
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.
OptiPay Funding Process
5 simple steps to secure funding
Quick same-day setup
- No application or set-up fees
- No long lock-in contracts
- No property security required
Select your invoices and upload
- Choose only the invoices you want funded
- No fees as you add more debtors
Due diligence
- OptiPay checks the credit rating of your debtors and verifies each invoice
- Open and honest appraisals
Access up to 90% of your cash up front
- Get up to 90% of your invoices paid to you without any hold backs or fees
- Get your money within just 24 hours of approval
Access balance of cash
- The more you cash-flow with OptiPay, the lower the discount fee can become
- The balance due on your invoices are paid to you when your client pays their invoice, less a pre-agreed discount rate
- OptiPay is paid when you are paid and not before
Latest Case Studies
Funding Story: Plastic Importer
OptiPay
May 22, 2020
Video Transcript Another one of our clients is an importer of plastics that they then recycle and then make
Funding Story: Medical Services Firm
OptiPay
May 19, 2020
Video Transcript One of our clients operates in the medical services industry, where they’re contacting medical professionals to other