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Invoice financing has become an increasingly popular solution as a flexible funding alternative for businesses. Invoice financing Australia allows a third party like Key Factors to purchase the accounts receivables of a business at discounted rate and provide immediate access to cash.

Invoice Financing AustraliaHow Can Invoice Financing Australia Benefit Businesses?

Invest resources in growing your business

Invoice financing Australia unlocks cash from unpaid sales invoices so businesses can have access to immediate working capital to invest in growing the company and hire new staff to expand operations. Additional cash flow also allows a business to keep up with competitors and industry trends through new technology.

Flexible funding

Key Factors requires no quarterly audits, no lock in or long term contracts, charging only a discount rate on usage with no minimum volume when submitting invoices for funding. Traditional financing options rely on the business owner’s financial position and personal assets, while invoice financing Australia with Key Factors is more reliant on the strength of the ledger.

Increase cash flow

Invoice financing Australia with Key Factors offers 48 hour approval and 80% of the invoice value credited within as little as 24 hours, with the remaining 20% provided once the customer pays, less any accrued charges. The solution bridges the gap of unpaid customer invoices to bring the business an increase of cash flow. An influx of cash flow is important to maintain the successful running of a business and meeting operating expenses, so the business can focus on servicing growth and expansion.

Save time and money with professional receivable management

Businesses can save time and money with professional receivable management at Key Factors. Our friendly staff follows up on invoice payments so that you can have more time to focus on growing your business instead of waiting for customers to make payments.

Fast approval and funding

With Key Factors Invoice financing Australia, the factoring process is fast and efficient with approval granted within 48 hours and funding in as quick as 24 hours. Loans from banks can take months to get approved and come with repayments, long-term contracts and terms and conditions, but factoring can provide businesses with cash within days! It’s a faster flexible funding solution that is designed to grow with your business.

With offices in Perth, Sydney, and Melbourne, our local State managers can provide a tailored invoice financing solution to suit most Australian businesses.

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

So you have won a huge opportunity to grow your business with a new client, you are incredibly excited but wait! Where will you get the cash-flow to pay your suppliers and staff?

Invoice factoring is vital to help grow your business as it has many benefits to make business deals less stressful on you, your business partners and on your bank account. Invoice factoring is easier than getting a business loan from a bank and can also give you immediate cash for your sales invoices. It also opens more opportunities to work with higher paying clients and larger projects as your business grows.

What is invoice factoring?

Invoice factoring is a type of debtor finance in which a business sells its accounts receivables to a third party like Key Factors for immediate cash. This process enables your business to cover the gap of slow payments instead of waiting up to 90 days to get paid. With Key Factors invoice factoring you can get up to 80% of the invoice value in as quick as 4 hours, and the remaining 20% is credited to you once the customer pays.

Here are a few helpful tips on how to grow your business with invoice factoring.

 

Grow your business with upfront working capital

With invoice factoring, it gives you upfront funds to be able to put money where you need to. Which as a result will help you grow your business. Whether it be hiring new staff, renting a new office space or purchasing new equipment to help you fulfill your business needs. With invoice factoring, you have the flexibility to access funds and use them in your business instantly.

Invoice Factoring Perth

Pay your suppliers on time

Being able to pay suppliers up front and on time for their work is very important to help grow your business as you can often negotiate better deals for payment upfront, and on top of this, you will gain a great reputation among your suppliers which will help with getting better business deals in the future.

Business Invoice Factoring Perth

Use Invoice factoring to pay your staff

Nothing is more stressful when trying to grow your business than thinking about how to pay your staff wages. Invoice factoring will help you ensure they are paid correctly and on time so that you can continue to run your business. Invoice factoring can also help with expanding your staff as your company’s revenue grows, making the workload less stressful on your current resources.

Invoice Factoring Companies In Perth

Speak to Key Factors about Invoice Factoring

Key Factors can help you set up invoice factoring and answer any questions you may have.  We can also follow up on unpaid invoices on your behalf to allow you the freedom to focus on your business.

Key Factors allows businesses to have access to cash within as little as 4 hours! With no minimum volume or ongoing monthly charges, we can help you bridge the gap of slow payments so you can focus on growing your business. With offices in Perth, Sydney and Melbourne, our local State managers can provide a tailored invoice financing solution to suit most Australian businesses. With over 30 years of experience in invoice factoring, your business is in good hands.

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

With the sudden increase in wind up applications for SMEs – could you be in danger?

In recent months, businesses owing the ATO (Australian Tax Office) $100,000 have been wound up, as the new crackdown kicks in. This indicates a clear change of focus, likely to be due to the Government’s attempt to recover unpaid revenue.

With applications by the ATO to wind up companies soaring, the message is clear – get a payment plan in fast. Otherwise your company could be at risk.

Invoice Factoring Companies In PerthThe ATO are toughening up

With Western Australia poised for blow out, as debt levels surge and revenues dive, the ATO have been forced to get tough. Thus resulting in them taking quicker action to recover debts, such as company winding up proceedings and initiating bankruptcy proceedings.

Wind up action explained:

When a court orders a company to be wound up, an official liquidator is appointed to sell the company’s assets and distribute the resulting funds to the company’s creditors.

This action will be taken up if a company has failed to pay its debts and has not been able to make a suitable payment arrangement.

Why the sudden stricter rules?

Previously, the ATO would usually have waited for a company’s debt to them to reach around $340,000 before taking action. However the new standard is coming in on average at $93,000 – showing a huge drop.

The motivation – the government has a strong desire to recover funds.

Given the ATO is a substantial driver of the current volume of insolvency appointments, the expected increase in debt recovery action by the ATO results in taxpayers who fall behind not having so long to resolve issues before the ATO makes the decision for them.

After a business is wound-up, their assets are then liquidated in order to cover the unpaid tax bills.

Alternative Finance is a must – consider flexible invoice finance

Last year, thousands of businesses where closed down to meet unpaid tax bills, showing just how important it is to be able to access alternative finance for urgent commitments such as tax payments.

This policy is not a new one and was actually updated back in June 2013, stating that the Government would be taking firmer action, although, until now it appears that they had not been keeping on top of the stricter policy.

Who will it affect?

Small and medium sized businesses appear to be the ones suffering from the hit.
Many SMEs (Small Medium Enterprises) can show profit on paper, but still suffer from poor cash-flow. Not only can this mean they struggle with urgent payments, but also often prevents growth of a business. This is where Debtor Finance and flexible invoice finance comes in.

How the wind up action could affect you

Invoice Financing PerthNow the ATO have warned you that they will be taking legal action earlier, plus issuing penalties in order to collect unpaid revenue – you are lucky enough to be able to take action before it is too late.

Factoring can give you piece of mind and more opportunity.

How using a factoring company can prevent your company being affected…

The answer to avoiding the wind up action is simply – pay your ATO bills on time. However, sometimes this is easier said than done. If there is a gap between when a bill is due and when a clients payment is made, that is where the issue occurs.

Factoring enables you to draw funds from your accounts receivables to pay your ATO bills. To have this explained in further detail, click here.

Next steps:

With the number of wind-up applications lodged by the ATO steadily rising, as a small business you could be next.

For small businesses that looked at the July 31 tax payment deadline with dread – you’ll never want to feel that way again. Make sure you have funding in place to cover the pressing payments, oppose to scraping through, or worse, not making it to the following year.
Planning ahead is the key – address ways you can manage your cash flow more effectively, such as alternative finance to reduce risk of any financial shocks or hidden fees.

Far too many businesses are leaving it too late to seek assistance, take note from the recent ATO activity:-
1. The ATO are more aggressively pursuing debts, even as little as $93,000
2. A winding up application is the last step the ATO will take after the ATO has exhausted all other recovery options, so don’t leave it till then
3. Any business with an outstanding taxation debt and no current repayment arrangement in place is at risk of being wound up by the ATO.

Are you at risk?

The best opportunity for recovery for a business is to seek professional advice early.

Act now to find the funding you need to meet your tax obligations.

With over 30 years of experience and offices in Sydney, Melbourne, and Perth, your business is in safe hands.

Call 1300 884 100 today to find out more.

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

 

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