News & Media

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.

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.