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With numerous businesses successfully growing thanks to the help of Invoice Discounting, could it be time for your company to convert? There are many benefits that come with this flexible finance solution, from being able to better manage your cash flow, to improving your working capital.

We’ve taken a look at the facts and figures from the Debtor & Invoice Finance Association September Quarter and have put together a summary to show you how many businesses are moving towards Invoice Discounting and the turnover figures.

Consistently on the rise

Invoice Finance CompaniesThe total debtor financing turnover in the September 2015 quarter was $15.8 billion – an increase of 1.8% on the September 2014 quarter.

Invoice discounting turnover was $14.5 billion and factoring turnover was $1.3 billion. Total turnover for the 12 months to the end of September 2015 was $64.2 billion – an increase of 3.4% over the 12 months to the end of September 2014.

What are the stats in your state?

We’ve taken a look at how the statistics of turnover differ from state to state – at current NSW & ACT have the highest factoring and discounting turnover, at 38% in the September quarter. Victoria closely follows with 27% and Queensland at 17%. Western Australia also had an 11% turnover.

Is your industry already making the most of Invoice Discounting?

The Wholesale Trade industry had the highest percentage of receivables in debtor and invoice finance, with 38% for the September Quarter, followed by Manufacturing at 20%. Property & Business Services and Labour Hire also have a high percentage of receivables.
The statistics for Wholesale Trade are very similar for the percentage of discounting turnover, as to the percentage of receivables, again followed by Manufacturing at 19%, then Labour Hire and Property & Business Services at 10%.
When it came to the percentage of Factoring Turnover, Labour Hire has taken the lead at 27%, next to Wholesale Trade at 23%. Transport & Storage and Manufacturing also ranked highly in Factoring Turnover.

Facts about Key Factors

Key Factors offers a number of tailored cash flow solutions to suit each individual business. We can bridge the gap of slow payments, help you get on top of ATO obligations, and help your business reach its potential. Plus, with Key Factors, there are no long-term contracts, no minimum volume and no annual charges.

Read the report in full

To read the full DIFA Industry Data document for the September 2015 quarter, visit the DIFA website.

Still have a few questions?

The team at Key Factors will be happy to help explain anything further, or discuss how your company can get started. Simply give us a call on 1300 884 100, or fill out a short enquiry form today.

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.

Invoice DiscountingAccording 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.

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.