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Negotiating Better Deals: How to Save on Vendor Services and Supplies
From securing better rates to obtaining favourable payment terms, the ability to negotiate successfully with vendors is a skill all
Need working capital for your business but don’t want to take on debt or create further debt? Then you’ll love OptiPay Australia’s leading ‘NextGen’ business funding provider. Don’t wait for 30, 45 or even 90+ days for your clients to pay your invoices. Turn your outstanding invoices into cash within 24 hours with Invoice Finance!
“Cash is King” and never more so than in business. Businesses need cash to operate. They need to purchase supply inputs, pay staff, as well as cover bills such as rent, equipment leases, telco and energy costs, and they also need money to invest and grow.
All too often this cash is borrowed in the form of high interest unsecured loans or an overdraft. Whereas most businesses actually already have the money – there are usually thousands of dollars tied up in unpaid invoices sitting in your Accounts Receivables (“AR”) ledger at any one time. Invoice finance unlocks that money by getting you cash upfront, instead of waiting 30 to 90+ days for an invoice to be paid, businesses can meet many of their funding needs including major investments with invoice finance.
As soon as you’re approved we can start funding you. You can select some of your invoices or use your entire Accounts Receivable ledger and receive your funds on the same day or within 24 hours of invoice verification.
All you pay is a small percentage of the invoice value and you only have to pay once your debtors pay their invoices. There’s no upfront application fees and we don’t charge weekly or monthly interest and principal repayment fees. Best of all it usually works out cheaper than an unsecured business loan or even an unsecured overdraft facility.
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.
To get access to cash from their Account Receivables Ledger rather than waiting for their debtors to pay them, these funds can then be used to run and grow the business. It is the same concept as offering your customer (aka debtor) an upfront discount if they pay your invoice early, and it allows businesses to obtain an advance of up to 90% of the invoice value with the 10% balance (less a small fee) received when the debtor pays.
Solve your business cash flow needs with flexible, fair funding.
We’ve funded over $850 million to Australian business using their Account Receivables ledger.
No upfront Application fees, no property security required and no hidden fees.
We’ll provide the flexibility you require in order to manage your cash flows. No long lock-in contracts either.
Don’t wait weeks or months for your money.
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 TIM agreed discount fee when your debtor/s pay your invoice/s.
You can get 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.
We have funded over $850 million dollars to over 350 Australian businesses representing 30,000+ invoices.
Here are just a few of the many benefits of working with TIM:
If you issue invoices and your client (the debtor) fails to pay, and your business has not committed a fraudulent transaction, then OptiPaySecure™ steps in and protects you and covers up to 90% of the funding provided as well as the legal costs to chase your client (debtor). This is unlike business loans where you run the risk of losing your business as well as personal assets in the event of default by your client.
With OptiPay you are not locked into repayments on a daily, weekly, or monthly schedule. In fact, there are no repayments at all because TIM is not a bank or like other ‘unsecured’ cash flow lenders and does not force businesses into ongoing loan facilities with fixed repayment terms. All you pay is a low pre-agreed fee and only at the time when your client pays their invoice/s.
Extra fees are so common in business lending that SMEs have got used to them – but they shouldn’t accept them! It’s worth looking at a short, non-exhaustive list of fees OptiPay does NOT charge compared to other lenders.
OptiPay's invoice finance facility is available to every Australian business that invoices other businesses (B2B). We offer flexible funding facilities ranging from $100,000 to $5.0 million. Even if you can’t get a business loan or overdraft, you can qualify for invoice financing as it is based on your current sales, not your past.
Flexible and tailored funding solution for your business. Your business is not burdened with long ongoing contracts and repayment schedules. You can raise the cash flow against your debtors ledger whenever it suits you and your requirements.
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.
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 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.