News & Media

Invoice DiscountingThe latest statistics for invoice discounting and factoring  in the March 2015 quarter released by the Debtor & Invoice Finance Association (DIFA) was $15.3 billion, an increase of 1.9% in comparison to the March 2014 quarter.

NSW & ACT, followed by VIC and QLD were states with the highest invoice discounting turnover in the March 2015 quarter.

Industries with the highest percentage of invoice discounting turnover includes Wholesale trade at 37%, Manufacturing at 18% and Labour Hire at 10%.

At Key Factors we offer flexible disclosed invoice discounting, which requires no lock-in or long-term contracts, no minimum volume or usage, and no quarterly audits.

How does our disclosed invoice discounting facility works?

1) Simply invoice your clients and send us a copy.

2) Up to 80% on the invoice face value is made available in as quick as 24 hours.

3) The remainder 20% is provided when your customer pays us.

Key Benefits

  • Cover the gap of late payments
  • Provide your business with a more constant cash flow
  • Additional working capital can allow you to take on more jobs and grow

Contact us at Key Factors, on 1300 884 100 and a local state manager will be more than happy to discuss your needs and provide you with a quote to suit your requirements today.

Factoring FinanceThe latest statistics for debtor finance, discounting, and factoring finance in the December 2014 quarter released by the Debtor & Invoice Finance Association (DIFA) was $17.2 billion, which is an increase of 10.7% in comparison to the September 2014 quarter.

NSW & ACT, followed by VIC, QLD, & WA were states with the highest invoice factoring turnover, in the December 2014 quarter.

Industries with the highest percentage of factoring turnover includes Labour Hire making up 29%, Wholesale Trade 22%, Manufacturing 13% and Transport & Storage 13%.

As SMEs continue to experience challenging business environments, factoring finance to free up working capital provides an alternative and immediate source of business cash flow to meet sales demand and operating expenses.

By adopting invoice factoring companies can get cash for their unpaid invoices, in as quick as 24 hours.

The full DIFA Statistical Update- December Quarter 2014 is available at:

http://difa.asn.au/wp-content/uploads/2015/03/DIFA-Statistical-Update-Dec14.pdf

Key Factors fast and flexible factoring requires with no lock-in or long-term contracts, no minimum volume or usage and no quarterly audits.

Getting your invoices paid is as easy as 1 2 3

1) Simply invoice your clients and send us a copy.

2) Up to 80% on the invoice face value is made available in as quick as 24 hours.

3) The remainder 20% is provided when your customer pays.

Contact us at Key Factors, on 1300 884 100 and a local state manager will be more than happy to discuss your factoring finance needs and provide you with a quote to suit your requirements today.

Invoice FinancePost the GFC, more and more SMEs are finding it difficult to secure finance due to Banks tightening their credit policies and preferring more asset based lending. The extended waiting period to get access to finance have also prompted some SMEs to seek alternative source of funding like Invoice Finance to provide them with immediate cash flow injection, as they really needed the funds yesterday.

Below are some key benefits associated with Key Factors flexible Invoice Finance Service:

No need for real estate security

At Key Factors our Invoice Finance Facility relies on the quality of the client’s ledger. This helps companies attain the much needed finance support, where they would otherwise struggle to secure funding by not being able to provide property security.

As your business grows, your facility grows with you

Key Factors Invoice Finance facility is designed to support growing businesses, where the cash you access is directly proportionate to your sales. So the more sales you make, the more cash you can get, without the need of additional security.

Flexible Funding

Key Factors Invoice Finance Facility allows you to draw funds from as much from your invoices as you like, or as little as you like, and there is no requirement to finance your whole ledger.

No on-going monthly admin charges or annual charges

Our Invoice Finance Facility has no monthly admin charges or annual charges. A flat daily discount charge is applied on usage, so you will only pay for what you use.

Fast Approval

A quick response is provided within 48 hours of receiving an application.

Quick Funding

As the need for funding arises, you can draw up to 80% on the face value of your invoices in as quick as 24 hours.

For more information on how our Flexible Invoice Finance can help your business call 1300 884 100 and speak to us today.

Invoice Debtor FinanceInvoice debtor finance is great for companies producing invoices and have commercial clients on accounts.  Invoice debtor finance allows these businesses to maintain a constant cash flow despite payment delays.

At Key Factors we believe all companies can use invoice debtor finance to improve their cash flow, although some businesses may benefit more than others. These businesses relies on invoice debtor finance to service growth, and meet their operational expenses.

Businesses suitable for invoice debtor finance

Start-Ups

Businesses with limited trading history may find it hard attain finance due to their limited trading history. If you are a start-up business with a high level of outstanding receivables and a large client base, Key Factors factoring finance may be the best solution to improve your working capital.

SME’s

Like start-ups, SMEs may find it hard to gain sufficient finance support. Restrictive lending at times requires real estate security, or strong trading results. At Key Factors we assess the strength of your receivables, where the cash you access is directly proportionate to your sales.

Companies with high receivables

Cash tied up in unpaid invoices can restrict a business from further growth or getting on top of operating expenses. By factoring your invoices you can get up to 80% on the face value of your invoices, in as quick as 24 hours. This allows your business to maintain a more constant cash flow.

Companies with slow payments

Slow payments can put a halt on business operations and further expansion. Instead of waiting 30, 60 or even 90 days to get paid, factor your invoices today and release the cash tied up in your unpaid invoices, whenever you need it.

How does invoice debtor finance work?

  1. You invoice your customers for goods or services and send Key Factors a copy.
  2. The factor then gives you up to 80% of the value of the invoice.
  3. The remaining 20% of the invoice is credited to you as soon as the customer pays, less any accrued fees.

Call us now on 1300 884 100 to find out more about how debtor finance work.

Key FactorsOur Experience – With over 30 years experience you are in good hands.

We help businesses improve cash flow – By unlocking the cash tied up in your account receivables.

Independently Owned Australian Company – Partner with one of the largest privately owned factoring companies in Australia.

Simple & Flexible Cash Flow Alternative – Improving your cash flow is as simple as sending copies of your sale invoices to Key Factors, and up to 80% is made available in as quick as 24 hours.

No Long-Term Contracts or On-going Admin Charges – There is no locked-in contracts, no monthly admin charges or annual charges.

No Property Security Required – We rely on the strength of your company’s ledger and not real estate security.

Fast Approval – Receive a response within 48 hours and get immediate cash flow from your invoices.

Key Factors flexible cash flow solutions gives you immediate cash flow from your invoices for sale of goods or services, while we wait for your clients to pay within normal trading terms. This is particular useful in the cases below:

  • Your customers are slow in paying or pays outside their terms
  • You might want to take advantage of time-sensitive sale
  • Your expanding and requires additional working capital to service demands
  • When the business doesn’t have enough funds in the mean time to meet operating expenses
  • Don’t wait 30, 60 or even 90 days to get your invoices paid.

Call now on 1300 884 100 to find out why you should switch to Key Factors.

The latest statistics for debtors finance in the June 2013 quarter, released by the Debtor & Invoice Finance Association (DIFA) was $15.4 billion, which is an increase of 5.7% in comparison to the March 2013 quarter.

Debtors FinanceDebtors finance an alternative source of cash flow

As Small to Medium Enterprises in Australia, continue to experience challenging business environments, debtors finance to free up working capital, provides an alternative source of cash flow to meet sales demand, and operational expenses.

DIFA Chairman, Mr. Lee Clarke said “We continue to see Australian businesses take advantages of the benefits afforded through debtors finance and this trend is set to continue as SMEs becomes more familiar with this means to leverage their books to enhance cash flow”.

How debtors finance works?

  1. You invoice your customers for goods or services.
  2. You send a copy of your invoice to a factor (like Key Factors).
  3. The factor then gives you up to 80% of the value of the invoice.
  4. The remaining 20% of the invoice is credited to you as soon as the customer pays, less any accrued fees.

NSW & ACT, followed by VIC, QLD, & WA were states with the highest factoring turnover, in the June 2013 quarter.

Industries with the highest percentage of factoring turnover includes Labour Hire making up 35%, Wholesale Trade 15%, Manufacturing 12% and Transport & Storage 12%.

By factoring, you can get cash for unpaid invoices in as quick as 24 hours and cover the gap of late payments, meet operating expenses and grow.

The full DIFA Statistical Update- June Quarter 2013 is available at:
http://www.factorsanddiscounters.com/downloads/DIFAStatUpdate_JuneQtr2013.pdf

Contact us at Key Factors, on 1300 884 100 and a local state manager will be more than happy to discuss your needs and provide you with a quote to suit your requirements today.

Ever consider using an invoice discounting facility to improve your cash flow and get on top of ATO bills?

The problem

Invoice Discounting FacilityFor new and growing businesses, it can be difficult to keep on top of ATO bills and make payments on time. There are so many practical aspects of setting up or expanding that tax administration can often be the last thing that gets done. Also, if your business is growing significantly your tax obligations may change from one period to the next, making it tough to keep track of.

For peace of mind and for compliance purposes, it’s a good idea to pay your ATO bills on time. However there may be a gap between when your bill falls due and when your clients or customer pays you.

The solution – invoice discounting facility

Invoice discounting facility enables you to draw funds from your account receivables to pay your ATO bills. For example, you have an ATO bill due but there are not enough funds in your account to make the payment as you are waiting on payments from your customers. By using Key Factors factoring service you can get up to 80% on the face value in as quick as 24 hours to immediately pay for the ATO bill.

Key Factors have assisted SMEs from a wide range of different industries including but not limited to labour hire and recruitment agencies, manufacturing operations, wholesalers, commercial cleaners, mining companies, and transport/logistics groups. Having access to immediate cash flow by factoring invoices not only allows you to meet unexpected ATO bills but can also help to alleviate a range of cash flow issues.

Flexible invoice discounting facility

If you have found that cash flow and ATO bills are a recurring problem, you may wish to consider establishing a invoice discounting facility. There is also no minimum and no long-term contracts with Key Factors invoice discounting facility and you will only pay for what you use. We also offer fast 48 hours approval and it is relatively simple to apply.

Call us now on 1300 884 100 to find out more

Business Cash FlowIt is one of those classic problems that plagues SMEs – Business Cash Flow. A business can be technically doing well, receiving lots of orders and keeping their costs low, but if the cash isn’t flowing in at the right rate and at the right time that’s when the problem arise.

For example many services and wholesale products are sold on a credit basis with terms between 14-30 days, however payments can take up to 60 or even 90 days. Depending on the nature of the business, slow payments can have a major impact on cash flow.

Debtor Finance can help alleviate cash flow issues arising from slow payments, limited working capital and rapid expansion by providing a business with constant cash flow. To put simply, accounts receivables is an asset that can be brought forward with the help of a debtor finance company like Key Factors.

Improve your business cash flow with 3 easy steps:

  1. Send Key Factors a copy of your invoices as the need for cash flow arise
  2. 80% of the invoice face value is made available to you in as quick as 24 hours, less our fee.
  3. Remainder 20% is provided to you when your customer pays, less any accrued fees.

How Key Factors can help improve your business cash flow

Key Factors have been helping Australian improve their business cash flow since 1989. We also help businesses follow up on accounts at no extra charge, allowing business owners to focus on what they do best which is growing their business. Key Factors has helped various industries including Manufacturing, Wholesale, Labour-Hire, Recruitment, IT services, Commercial Cleaning, Mining, Business Services, Transport and Logistics improve their business cash flow.

Call 1300 884 100 now to speak to a friendly cash flow expert and improve your business cash flow today!

Financing FactoringWith Banks tightening their credit policies and relying on hard assets, preferably real estate, Small and Medium Enterprises and businesses alike are finding it hard to finance their business, and in particular growth. At Key Factors we recognised that not all growing companies would have the property portfolio to match. We don’t rely on the director’s home but on the strength of their debtors.

Improve business cash flow with financing factoring

We have helped many SMEs, that would otherwise struggle to find funding, by releasing up to 80% on the value of their invoices in as quick as 24 hours by finance factoring their unpaid invoices. This allows companies to get on with business, get on top of their commitments and most importantly grow.

How financing factoring works?

  1. You invoice your customers for goods or services.
  2. You send a copy of your invoice to a factor (like Key Factors).
  3. The factor then gives you up to 80% of the value of the invoice.
  4. The remaining 20% of the invoice is credited to you as soon as the customer pays, less any accrued fees.

Flexible business funding option

Using personal real estate is dependent on fluctuation in property prices and the amount of available equity, making it hard to secure additional funding in times of need. Post GFC years, many properties also lost value. With Key Factors financing factoring if you have a $1 million in receivables, you can raise up to $800,000 and if your business grows and subsequently have $2 million in receivables, you can raise up to $1.6 million.

The benefits of financing factoring with Key Factors is the cash you can access is directly proportionate to your sales, which means the more sales made, the more cash you can get.

Contact us at Key Factors, on 1300 884 100 and a local state manager will be more than happy to discuss your needs and provide you with a quote to suit your requirements today.