If you are thinking about ways to improve working capital for your business but want to know more about the benefits, then you have come to the right place. Here, we will go through 8 benefits of using debtor financing to improve your company’s working capital.
Waiting for your clients to pay can be one of the most stressful things about running a business. The stress of waiting for payments is almost impossible to control, however with debtor financing you can control how fast your invoices can be converted into cash.
Need to buy more office equipment, pay rent or any other bills that come with running a business? With debtor financing, you can get immediate access to cash so you can pay your business running costs on time with no fuss.
You may see on some invoices such as your electricity bill that companies now offer “early bird” discounts for you to pay your bills upfront and early. By using debtor financing you can take advantage of these offers and negotiate earlier payment discounts with your suppliers.
Debtor financing is a great option to release immediate working capital so you can get on top of your ATO bills. It can also assist with meeting your monthly installments payment if you have entered into a payment arrangement with the ATO.
Imagine all your bills and company costs already being taken care of whilst you can be more productive and get back to growing your business. Debtor financing in Perth can allow you to do just that by releasing cash from your invoices.
Key Factors will also follow up on any outstanding factored invoices on your behalf, giving you more time to focus on running your business.
Another advantage of debtor financing is it gives you more working capital to service larger clients. This is crucial to aid expansion and further growth.
Key Factors flexible debtor financing has no lock-in contracts and allows you to choose which invoices you want to be funded.
Accessing up to 80% of your invoice value in as quick as 4 hours is an easy as 1 2 3:
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.