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Invoice Factoring

1300 694 686
Need help with your cash flow but are fed up with the painful finance negotiations? Hate going cap in hand to the bank or can’t stand being locked into unfair finance contracts? Then you’ll love OptiPay Australia’s leading flexible business funding provider. Get immediate cash for your business from $100,000 to $5,000,000.

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What is Invoice Factoring?

Invoice Factoring is a type of debtor/invoice finance in which a business sells its accounts receivables ledger (invoices) to a third party (in this instance OptiPay) in return for receiving up to 90% of the invoice values in cash, with the balance to be received when your debtor pays (as per their normal 30 to 60+ days trading terms).

Invoice Factoring is commonly referred to as accounts receivable factoring, invoice factoring, invoice finance, debtor finance and even accounts receivable financing or invoice discounting.

The True Difference Between Factoring and Invoice Discounting

Factoring and Invoice Discounting are both financial services that can release the funds tied up in your unpaid invoices.

Strictly speaking, the difference between Factoring and Invoice Discounting lies in who takes control of your account receivables ledger and responsibility for collecting the monies from your debtors.

With Factoring, the provider of the upfront funds takes the role of managing your
account receivables ledger, credit control and chasing customers for settlement of their invoices.

OptiPay does not do this.

With Invoice Discounting, provided by OptiPay your business retains full control of its own debtors ledger and you collect payment in the usual way.

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Benefits of Factoring
and Invoice Discounting

  • Releasing up to 90% of the value of your outstanding invoices within 24 hours of approval
  • Funding can be secured without requiring other assets Cash is freed up to overcome cash flow problems or grow the business
  • The level of funding available increases with your turnover
  • By receiving up to 90% of your cash, you are able to pay supplier
  • Invoices promptly which increases your power to negotiate discounts
  • In regards to Invoice Discounting, you attain the advantage of managing your own credit control and debt collection. Hence you are in complete control.
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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?

Factoring and Invoice Discounting are particularly suited to businesses in areas such as:
  • Engineering
  • Recruitment
  • Transport & Distribution
  • Manufacturing
  • Wholesalers
  • Printers
  • Cleaning, Maintenance and Landscaping companies
  • Numerous Other Industries

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

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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See Case Studies

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

Related Links

  • Invoice Discounting
  • Invoice Factoring
  • Invoice Finance vs Factoring
  • Invoice Finance for Small Businesses
  • What is Invoice Discounting?
  • How to Use Invoice Finance to Fund Your Business ?
  • Benefits of Invoice Finance
  • Invoice Finance for Trade Contractors
  • Pros & Cons of Invoice Discounting
  • Invoice Finance for Transport Companies
  • Invoice Finance vs Business Loans
  • Invoice Discounting for Beginners
  • How to Choose an Invoice Finance Provider
  • Invoice Finance for Commercial Cleaning Companies
  • Funding Business Purchases Through Invoice Finance
  • Invoice Finance for Mining Service Companies
  • Many More SMEs Could Be Using Invoice Finance
  • Delayed Payments Impacting Your Cash Flow?

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.
Get Tomorrow’s Cash Flow Today
OptiPay helps you find smarter ways to use your own cash and avoid the pitfalls of borrowing funds. We are always ready to help let the cash flow to help your business grow, and we do it in a fairer, faster, friendlier, more flexible, and far more affordable manner than a traditional business loan. Contact an OptiPay expert today to get started.
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To See How It Works

OptiPay offers several different funding solutions and services, one or more of which charges no interest and has no long lock in contract period, called the Fully Flexible funding option. Conditions, fees and charges apply to some of the Services provided, which may change, or we may introduce new ones in the future. Full details for all funding options (Services) including any fees and charges which may apply, is available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the funding agreements provided, for your selected funding solution (product/service), including all the Terms and Conditions contained in agreements provided, before proceeding. *T&Cs: Minimum 12-month invoice funding contract with OptiPay. Direct clients only, offer doesn’t apply to broker introduced clients. All standard credit terms and conditions apply including credit assessment. Not applicable to existing clients.

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