BCashflow Positive / Blog

Australian Factoring Company – Funding You Faster With Electronic Documents

May 04 2018

For years now, our aim here at BCashflow Positive has been to support local Australian businesses by helping them to access cash flow ahead of time. This has allowed our customers to seize opportunities and grow at rates   they would otherwise be unable to achieve. As a leading Australian factoring company we are constantly looking at ways to get funds to our customers faster.  A thorn in our side has been the slow set up and settlement process, mainly caused by postal delays.  Well, not anymore.

Australian Factoring Company – Using DocuSign to speed up our processes

We have taken a bold move to adopt new digital documents, which has allowed us to help serve our clients faster than ever before.  By utilising DocuSign technology, we can fast-track the entire document setup and settlement process. Instead of taking up to 10 days, we can now complete settlement in as little as 48 hours. But how exactly? The typical setup and settlement process previously starts with us drawing up the necessary documents and then posting them to our clients. With standard delivery times and possible delays, we find this can take between 3 and 5 days. The client then needs to read, approve, sign and return the documents. Again, this adds an extra 3 to 5 days to the process. However, by using DocuSign, we can immediately send the necessary documents to our clients online. Then, once they have approved them, they can electronically sign them and send them back to us. By removing the entire delivery process, the only thing standing in the way of our clients and their funds is the time it takes for our solicitors to draw up the documents and for the client to read them.

How safe is DocuSign?

Protecting sensitive data and meeting strict industry regulations is of the utmost importance to us. We would never want sensitive information to fall into the wrong hands and have always taken suitable steps to mitigate any such risks. In fact, by adopting DocuSign technology, we are able to make our processes even safer. Here’s how: Whenever a document is sent through DocuSign, they ensure that all data contained is fully encrypted. In fact, they are able to meet the very strictest regulations by utilising the best data encryption technology that is currently available. What this means is that using DocuSign to transfer and sign files is far safer than sending them the old-fashioned way. Human error and chances of documents going missing are reduced. Instead, they are only ever shared between our company and the clients we work with. This allows us to ensure complete client confidentiality and give total peace of mind.

How does a factoring company work exactly?

If working with an Australian factoring company is something you have been considering, then here is how the process works with BCashflow Positive.

  1. Simply invoice your clients as usual and send us copies of invoices you would like funded.
  2. We will credit your account with up to 90% of the invoice value in as quick as 4 hours.
  3. The remaining 10% is made available once your client pays us.

The benefits of working with Australia’s leading factoring company

By choosing to work with a reliable Australian factoring company, businesses can access a whole host of benefits, including the following:

  • Gaining access to invoice funds in as little as 4 hours.
  • An incredibly fast 48 hours approval process
  • Fast account set up and settlement process.
  • Having access to key decision makers.
  • Being able to cover the gap of slow payments.
  • No need for property security or quarterly audits.
  • Having the freedom to choose which invoices you want funded.

Get started today

As mentioned, our primary mission is to help support an increasing number of Australian business owners in their attempts to scale and grow their companies. To do so, we offer a swift and easy way of accessing funds, which is now more secure than what is being offered by our competitors. Better yet, getting started is very easy. Simply contact our team and explain your needs. Then, we can see if we are the right fit for you and get the process moving. We will also be happy to answer any other questions you might have.

What Our Clients Say

"We used BCashflow Positive when our bankers didn't want to know us, as we operate in an industry that was going to be affected by the introduction of the carbon tax.Traditional lenders were unable to deal with the uncertainty and risks.
BCashflow Positive understood the risk and assisted us with our cash flow, which was great"

Financial Controller, Solar Manufacturing Company, WA

"Getting instant funds from our invoices is crucial to our business success. It means we can pay wages on time and grow our business. The staff are also great to deal with."

Owner, Recruitment, NSW

"We engaged BCashflow Positive to get on top of our ATO obligations. Constant cash flow allows us to meet our operating expenses and grow our business."

Accountant, Earthmoving, QLD

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