Many industries are turning to Invoice Discounting to build their business – we’ve summarised the Debtor & Invoice Finance Association (DIFA) Industry Data, June 2015 Quarter, so you’ve got everything you need in a quick and easy-to-understand format!
On the up
Recent findings from the DIFA show that the June 2015 quarter was $15.8 billion – an increase of 6.4% on the June 2014 quarter.
According to State
NSW & ACT were the states with the highest factoring and discounting turnover in the June 2015 quarter, at 35%, with Victoria at 31%, then Queensland at 17%, closely followed by WA at 12%.
Could your industry benefit?
During the June 2015 quarter, the Wholesale Trade industry had the highest percentage of discounting turnover, at 36%. Manufacturing and Labour Hire companies also made up a large percentage.
The Transport & Storage industry formed 12% of the June Quarter 2015 factoring turnover, as well as the Manufacturing Industry. Labour Hire companies led with 27%, followed by Wholesale Trade companies 24%.
What Key Factors have to offer
At Key Factors we help SMEs from a wide range of industries improve their cash flow with flexible disclosed invoice discounting. With offices all over Australia, our local state managers are able to provide a tailored cash flow solution to suit your business.
Key Factors key benefits
Keeping simple, flexible alternative
- No lock-in or long-term contracts
- No minimum volume
- No ongoing monthly charges or annual charges
- No quarterly audits
All the facts and figures
To read the full DIFA Industry Data document for June 2015 visit the DIFA website.
Speak to a member of our team
Want to learn more about how Key Factors could help your business? Call us now on 1300 884 100, or enquire online today.
