Author Archives: bcashflowpositive

When it comes to choosing a finance broker for your business, it’s important to consider what incentives they are getting as part of the transaction.  Good finance brokers are like trusted advisers to their clients, where they have taken the position of the traditional  bank managers of 20 years ago.  Some brokers might be swayed and not necessarily have their client’s best interest at heart, particularly where flex commission can be applied.

What is flex commission?

So, what is a flex commission system and why is it so important to be cautious of finance brokers who might be involved in one? In the most basic terms, a flex commission is where the amount of commission is dependent on the interest rate charged to the consumer. The higher the rate, the more brokers can make.

The new legislation from the Australian Securities and Investments Commission to be introduced in November 2018, prohibits lenders from entering into agreements where the benefits paid to a broker are determined by the interest rate, and the broker can set or influence the rate. The instrument will also place controls on fees charged by brokers, which are designed to stop brokers from increasing their fees and charges to make up for any loss resulting from the ban on flex commission. The ban will apply to all regulated credit contracts and consumer leases, excluding home loans.

Although there are new laws being introduced that aim to halt this practice, as things stand, flex commissioning is still a very real issue that needs to be considered carefully by you or your company before choosing a finance broker. 

Reliable debtor factoring company

Whilst we do pay brokers incentives here at BCashflow Positive, we certainly do not enter into any agreements where there is flex commission involved. We also don’t take brokers on fancy holidays to try and sweeten the deal. Our core focus is providing flexible and transparent debtor factoring to Australian businesses by unlocking cash from their sales invoices.

How does debtor factoring work?

BCashflow Positive’s debtor factoring facility can provide immediate working capital for your business by unlocking the cash tied up in your sales invoices. Getting your invoices paid within 24 hours is as easy as 1 2 3:

1. Invoice your clients for the sale of goods or services and send BCashflow Positive a copy.

2. BCashflow Positive will then transfer up to 90% of the invoice value to your nominated account within 24 hours.

3. The remaining 10% is credited to you once your client pays, less any accrued fees.

How much does debtor factoring cost?

We are transparent about fees from the start, so there are no surprises. We charge 1.8% for the first 30 days and 0.06% per day thereafter for up to 90 days.  Give our online fee and funding calculator a go now.

Who does debtor factoring suit?

Companies with a high level of customers on accounts with a monthly turnover of $100,000 will benefit from using a debtor factoring service. Rapidly growing companies or newly established companies can also benefit from using debtor factoring to convert their sales invoices into immediate working capital.

Don’t wait up to 90 days for your clients to pay, unlock growth by unlocking cash from your accounts receivable.

Call 1300 937 292 to speak to a debtor factoring expert today.

If you’ve had your eye on the factoring industry, you might have noticed that there are now some companies out there claiming to offer free debtor insurance. Although on the surface, this might seem like the perfect solution for your cash flow problems, it’s worth remembering that there are some things that are just too good to be true. As Terry Benedict said in one of our favourite scenes in Ocean’s Twelve, “Nothing? Who do you think you are dealing with? Nothing costs nothing!”. In the world of finance, it is critical to read the fine print before diving in.

Read the fine print

It’s well worth educating yourself, then, on exactly what debtor insurance is and the advantages and disadvantages of debtor insurance. Debtor insurance is also known as credit risk insurance and is designed to protect businesses from the risk of late payment or non-payment from their customers.

Debtor insurance comes in different formats, but the common factor is that it covers risks which must be considered within the control of the buyer rather than the business. Examples of such risks might be buyer bankruptcy or inability to pay, pre-credit risk, customers refusing to pay up (protracted payment), or the buyer refusing or being unable to take delivery of the goods they have ordered. Whether your insurance policy covers some or all of these risks will depend on the specifications of your particular contract, so it’s important to read the policies of the company you choose very carefully.

Indeed, there are often crucial parts of the terms and conditions of any contract that will reveal definite disadvantages when it comes to choosing a particular debtor insurance product. Often, only certain types or groups of customers will be covered in regards to commercial risk factors. This means that businesses can end up losing out significantly, and find themselves in a situation where the insurance they have purchased doesn’t even cover the losses suffered. Examples of such accounts that might not be covered include foreign customers or those in complex financial situations.

There are also a variety of other complications that might come with debtor insurance including the requirement to provide detailed customer reports to meet specific conditions of the insurance company. This is before you consider unexpected legal costs that might suddenly materialise when it comes to making a claim.  So you might want to think twice about taking up factoring with a company that offers free debtor insurance, unless you know exactly what you are covered for and whether you will be out of pocket in the end.

Reliable factoring company with transparent fees

With BCashflow Positive, none of the complexity above will apply, as we don’t claim to offer free debtor insurance nor do we believe our clients need it. Our 27 years factoring experience will ensure your business is in good hands. We are also completely transparent in regard to fees, so there won’t be any nasty surprises later on. Give our pricing calculator a go to work out how much funding your business can get and how much it is going to cost up front.

How does a factoring company work?

Don’t wait up to 90 days for your customers to pay.  Partner up with a factoring company and improve your cash flow by converting your sales invoices into cash.  Getting paid within 24 hours is as easy as 1 2 3

1. Invoice your client and send us a copy
2. We advance you with up to 80% of the invoice value
3. The remaining 20% is credited to you once your client pays us, less any accrued fees.

Partnering up with a factoring company today by calling 1300 937 292 now!

Image Source:“Ocean’s Eleven” Seen here from left, Andy Garcia (as Terry Benedict) and Matt Damon (as Linus Caldwell). Screen capture. Copyright © 2001 Warner Bros. Credit: © 2001 Warner Bros. / Courtesy: Pyxurz

One of the most challenging things about owning a small or medium business is finance administration. You’ve done the work, you’ve sent the invoice, but you then have to wait for the invoice to be paid. Many companies can only afford to take on more work, pay their employees, or get on top of their ATO bills when they have payments coming in.  And just when they think they are on top of it, their BAS is due again.

To overcome these challenges, many businesses are using invoice factoring. Invoice factoring allows Australian businesses to have a more constant cash flow by releasing the cash tied up in their sales invoices, in as quick as 24 hours.  It is also an excellent option for keeping ATO bills at bay.

How does invoice factoring work?

1) Invoice your clients for work fully completed or goods delivered
2) Send BCashflow Positive a copy
3) BCashflow Positive credits your account with up to 90% of the invoice value in as quick as 24 hours
4) Receive the remaining 10% when your customer pays us less any accrued fees

Below are the key reasons that every small and medium business should explore invoice factoring with BCashflow Positive.

1. Fast

Invoice factoring is fast. Instead of waiting up to 90 days to get paid by your clients, BCashflow Positive can fund your invoices in as quick as  24 hours.  Approval is provided within 48 hours, not weeks like the Banks. Our online pre-approval form only takes 3 minutes to complete.

2. Flexibility

You can pick and choose what invoices you want to release cash flow from. There is no property security or quarterly audits required.

3. Transparent fees

At BCashflow Positive we believe in transparency from the very start, so there are no surprises. Our fees are fully disclosed on our website. Give our calculator a try to work out how much funding you can get, and how much it is going to cost.

4. Improve working capital

By factoring your invoices you can boost your working capital and improve your cash flow, allowing you to take on more business, meet your operating expenses and keep the taxman at bay.  BCashflow Positive can take the stress out of BAS payments by crediting your account with up to 90% of the invoice value, allowing you to get on top of your ATO bills.

5. Cover the gap of slow payments and grow your business

Reduce the pressure of performing work and having to wait for your clients to pay before starting another contract.  By factoring your invoices with BCashflow Positive you can take on more jobs and grow your business.

Pay your ATO bills today

BCashflow Positive has been providing cash flow solutions to Australian businesses for 27 years, and pride in our ability to deliver fast payments so you can meet your operating expenses and ATO obligations.  Call 1300 937 292 and we’ll be happy to help.

In an ideal world, customers would pay their bills the day that they were invoiced! There would never be disputes over payment and businesses would never have to wait months to be paid. Unfortunately, in the real world, problems over payment are a fact of life for many companies.

Whether clients are late in paying or it’s simply the case that a few larger projects are in the process of completion and it’s not yet time to invoice.  There are many different circumstances when the cash needed to pay staff, purchase materials, or just to keep the power on, isn’t readily available. When there are issues with cash flow, a significant number of businesses turn to cash flow finance.

What is cash flow finance?

Cash flow finance is a fairly straightforward concept. A third party (such as us here at BCashflow Positive) advance you with up to 90% of the invoice value and deposit the cash into your bank account in as quick as 24 hours. BCashflow Positive then collect payment of that invoice on your behalf and credit the remainder 10% less any accrued fees when your client pays us.

With BCashflow Positive’s cash flow finance, you can choose which invoices you require funding for and know exactly how much it is going to cost. We are fully transparent about fees so there are no surprises. Give our pricing calculator a try now.

Why opt for cash flow finance?

The main advantage of cash flow finance is that it can be quickly arranged – a great solution if your financial situation has changed rapidly  (for example, if a large invoice that’s due hasn’t been paid, or a job requires an unexpectedly large purchase of materials), compromising your cash flow.

You retain control over which invoices you hand over with BCashflow Positive cash flow finance, and is not in danger of over gearing as funding is based on a percentage of the invoice value.  You are simply realizing an asset and bringing it forward.

Cash flow finance can often be the quickest financing option

When it comes to business success, your team and your reputation also play an important role. If your cash flow problems mean you may not be able to pay your staff on time or are going to default on bills, cash flow finance could be a timely solution.

BCashflow Positive cash flow finance online application takes 3 minutes to complete and a response is provided within 24 to 48 hours of receiving your application. Once your account is set up, you can get up to 90% of the invoice value deposited into your account as quick as 24 hours.

To find out more about the benefits of cash flow finance, call 1300 937 292 and we’ll be happy to help.

Cashflow finance is a form of financing backed by a company’s receivables. How this works is that, once you have delivered your goods or services to your clients, you can forward a copy of the invoice to your financier and they will make funds available before your customer has paid.

Understanding cashflow finance

Cashflow Finance works by turning invoices into immediate working capital. This then provides your company with up to 90% of the invoices face value in as quick as 24 hours. The remaining balance less any accrued charges is made available once the customer has paid the invoice.

4 major advantages of cashflow finance

The first major advantage of cashflow finance is that it may eliminate any cash flow problems arising by giving you cash on hand to pay for your expenses. This can benefit new or growing companies in particular as the early growth phase of a business is one of the most challenging times for a company. As your sales grow, you can be confident that your Cashflow will follow at a similar pace. The additional cash flow can be used to purchase more stock, hiring more staff, or advertising your business.

The second advantage of cashflow finance is it can cover the gap of slow payments. For instance, if you received an order for $20,000 but you have to pay your suppliers $10,000 within 30 days, and your customers won’t pay you until 60 days. Cash flow finance will allow you to release immediate cash from existing sales invoices to cover the 30 days gap.

The third advantage of cashflow finance is it also allows you to avoid any production interruptions. For instance, if your business is profitable on paper, that will not necessarily keep your employees working or your suppliers sending you materials if you are unable to pay them on time. Having an adequate cash reserve will help you meet ongoing expenses.

The fourth advantage of cashflow finance is as your business grows your facility can grow at the same pace. So the more sales you make, the more cash you can get.

How does cashflow finance work?

1. Invoice your client and send us a copy

2. We advance you with up to 90% of the invoice value

3. The remaining 10% is credited to you once your client pays us.

To find out more call 1300 937 292 or fill out our quick contact form and a cash flow expert will be in touch shortly.

Until you can generate sufficient cash reserves to allow you some breathing room when it comes to expenses, cash flow finance should be at the front of every business owner’s mind. These simple and practical tips can help you avoid being short on cash, even though a big cheque is on its way to you.

Create a cash flow forecast

A cash flow forecast is a prediction of all the income and expenses for your business. Forecasts can cover a few months to a few years, and you’ll be able to put one together with the help of an accountant.

These forecasts can be used to identify when your business will run at a cash flow deficit or surplus, as well as how your predictions and budgets line up with actual income and expenses. If your bank statement doesn’t meet your predictions, use the following tips to address any issues and improve your business’s cash flow.

Limit bad debts

If your client can’t pay an invoice or outstanding account, you may be in cash flow trouble. To limit losses, try introducing a maximum on store credit accounts, or consider conducting a credit check on prospective customers.

At BCashflow Positive, we provide credit checks on prospective customers to our clients free of charge. If one of your clients is regularly late to pay invoices, politely ask for at least partial payment upfront and reconsidering whether to continue to trade with them.

Buy stock often and in smaller quantities. Rather than buying all of your supplies in bulk, consider buying smaller quantities more frequently. While not netting you the same ‘in bulk’ savings, this can help your cash flow by spreading your expenses out more regularly.

Reassess your expenses

If your cash flow forecast brought your attention to excessive expenses, be sure to investigate these to see how you can save. When it comes to bills and utilities, paying in monthly installments rather than quarterly or annually can help you avoid large outgoings.

If your energy bills are higher than you expected, look at installing energy efficient appliances or looking for an energy plan with better rates or discounts to help you save money. Finally, always shop around to see if another supplier can cut you a better deal on a product you buy regularly.

Consider Cashflow Finance

If you’re planning on expanding your business, or need working capital so you can fill a big contract or order, consider services like Cashflow Finance. Cash flow financing allows companies to finance slow-paying accounts receivable, by passing on outstanding sales invoices to a cash flow finance company ( such as BCashflow Positive) for immediate payment. You can get up to 90% advance on the face value of your invoices in as quick as 24 hours.

Call us now on 1300 937 292 to find out how, or fill out our quick contact form and a cash flow expert will be in touch shortly.

Is your business struggling due to cash flow issues? Look to invoice factoring as a way to instantly improve your cash flow.

What is invoice factoring?

Invoice factoring can immediately inject cash into your business by advancing funds against your accounts receivable. It is the perfect solution for any cash flow shortfall your business might have, as it allows you to pay your bills by releasing cash from your sale invoices instead of waiting for your clients to pay.

How invoice factoring works at BCashflow Positive

Rather than waiting up to 90 days for your clients to pay, with BCashflow Positive’s invoice factoring you can be paid within 24 hours. It is as easy as 1 2 3:

1. Invoice your clients and send BCashflow Positive a copy.
2. We will advance you with up to 80% of the invoice value in as quick as 24 hours.
3. You will receive the remaining 20% less any accrued charges once your client pays.

Invoice factoring can cover the gap of slow payments

Sometimes, if you have done the work for a customer – which might have left you with out of pocket expenses to pay such as wages and materials – it can be quite stressful having to wait up to 3 months for payments. This is where factoring invoices can cover the gap and you can get paid in as quick as 24 hours.

Why BCashflow Positive?

We are an invoice factoring company that pride ourselves on providing fast and flexible financial solutions.  Our online application takes 3 minutes to complete and we provide a fast response within 48 hours of receiving your application. We don’t require property security or quarterly audits and you can choose what invoices need funding. We are also transparent about fees, so you will know how much to pay up front. Give our online calculator a try now.

If you can’t afford to wait 90 days for your invoices to be paid, you can boost your cash flow now with help from us at BCashflow Positive. With over 27 years experience your business is in safe hands.

Click here to learn more, or call 1300 937 292 to speak to a cash flow expert today.

Keeping on top of lodging and paying your BAS on time can be challenging for most companies. Even if your business has all of its finances in order, it is still often a mad rush to get your tax information in on time and your tax bills paid. Often, these tax bills can strike us when we’re not ready for them, putting stress on your business’ cash flow.

If you are struggling to meet your tax bills don’t despair BCashflow Positive can help.  As a leading invoice finance company with 27 years experience, we can help you stay on top of your ATO obligations by unlocking immediate cash from your unpaid invoices.

How accounts receivable factoring can free up cash flow

Sometimes your clients can take up to 3 months to pay their invoices, and this can feel like forever if your business has bills to pay and salaries to meet. The financial strain can be more stressful particular around tax time.  Accounts receivable factoring gives your business the option to get an advance based on what your customers owe you. In other words, your business can seek finance based on your accounts receivable.  Accounts receivable factoring can release immediate cash flow from your unpaid invoices, allowing you to pay your tax bills on time, reinvest into the business, pay for goods or services or pay wages on time.

How accounts receivable factoring works

You invoice your clients for goods or services and simply send BCashflow Positive a copy. We advance you with up to 80% of the invoice face value in as quick as 24 hours.  Then we work with you to help follow up on payment and pass on the remaining 20% less any accrued fees when your client pays us.  The beauty of accounts receivable factoring is that it can cover the gap of slow payments and provide you with immediate cash flow. This will stop you having to juggle bills and other business expenses with limited cash flow.

Accounts receivable factoring at tax time

As a business owner, you know that it isn’t always smooth sailing. You can have a lot of work on at one time, followed by a work drought with no money coming in, and these ups and downs can put a heavy strain on the running of your business.  When your tax bill arrives, you want to ensure you have the money to pay it without the hassle. And by contacting us at BCashflow Positive ahead of tax time, and talking to us about our accounts receivable factoring service, you can put the wheels into motion for a stress-free tax period.

In just about every business in every industry, cash flow is crucial. And what’s the key to unlocking that cash? It’s the humble invoice.

But are you constantly waiting for your creditors to pay up? It could be that you aren’t following some basic steps when it comes to ending those damaging delays and getting back on track with your all-important cash flow.

Here at BCashflow Positive, we’ve broken down how to get those invoices paid quicker into three basic steps. So let’s get straight into it:

1. Invoice promptly and correctly

If you’re leaving a gap between doing business with someone and actually issuing them with an invoice, then all you’re doing is contributing to the delay in getting paid. Not only that, you’re sending a clear message to your client that promptness might not be something you particularly value.

When writing up those invoices, don’t make mistakes and don’t be vague. If possible, automate the process so that as much human error as possible is excluded and so you aren’t manufacturing your own delays by having to correct mistakes or explain what things mean.

Sometimes, it’s the little things that count – like saying please and thank you. Manners not only cost nothing, they can actually pay you back with respect from your customer and a promptly-paid invoice

2. Follow up on payments

Too many businesses make the mistake of sending an invoice once and then forgetting about it. But if you do that, who can blame the customer for forgetting too? So make sure you send a payment reminder a few days before it’s due, another reminder on the due date, and then some more urgent reminders after the invoice are late.

The easiest way to send reminders is if you use email invoicing. Once you’ve got a valid email address and the right recipient to send to, you know all of those reminders are going to the right place – and cutting down on delays in the snail mail system.

3. Use an invoice finance company and get your invoices paid 

Sometimes cash flow is so absolutely crucial to Australian businesses that they just can’t afford to wait for clients to pay in 30, 60, or even 90 days. So just like you need a mechanic when your car has broken down, you could need a service like BCashflow Positive to turn unpaid invoices into instant cash. It takes three minutes to apply online with BCashflow Positive and you will get a response in 24 hours.

Get cash for your invoices in 24 hours

While getting money out of a client, or waiting for those slow-to-arrive due dates, can be difficult and damaging, the process of getting paid with at BCashflow Positive could not be simpler. You invoice your clients as per usual and simply send a copy to us. We’ll give you up to 80% of the value in as little as 24 hours, and pass on the rest once your client pays us.

Here ate at BCashflow Positive, we’re in business because we understand that getting invoices paid promptly is crucial in just about every industry today. Get in touch today by calling 1300 937 292 to speak to a local cash flow expert.

Industry:  Recruitment
Location:  Parramatta, Sydney
Annual Turnover:  $2,000,000
Accounts Receivable Factoring Limit:  $300,000

Prestige Recruitment Pty Ltd was a startup corporate recruitment agency servicing candidates and clients nationally. With over 45 years of recruitment experience, the company although new, was experiencing rapid growth.

Prestige Recruitment was looking at accounts receivable factoring to support their growth. They had a growing ledger but weren’t getting paid quick enough to maintain a constant cash flow.

Due to their limited trading history, they weren’t able to secure an overdraft or a business loan from their Bank.  As a result the company was also struggling to pay wages and couldn’t take on additional contracts due to poor cash flow.

Accounts receivable factoring – a flexible business funding solution

BCashflow Positive was able to provide immediate funding to Prestige Recruitment by releasing the cash tied up in their unpaid invoices using accounts receivable factoring. Up to 80% of the invoice face value is made available in as quick as 24 hours, and the remaining 20% is released as soon as their client pays. Here’s how it works.

Benefits of accounts receivable factoring

With the use of our accounts receivable factoring, Prestige Recruitment is able to pay their staff on time and take on more business with the confidence of knowing they have access to immediate cash flow.

BCashflow Positve’s accounts receivable factoring is also flexible requiring no property security or quarterly audits.

Why BCashflow Positive accounts receivable factoring?

Unlike traditional lenders who tend to be restrictive, BCashflow Positive is not reliant on bricks and mortar security. We are more driven to finance business growth through the strength of your debtors. Within 6 months of setting up Prestige Recruitment’s facility, BCashflow Positive was able to increase their limit to support the continued growth.

At BCashflow Positive we pride ourselves on providing flexible accounts receivable factoring solutions to our clients. With a nationwide presence and offices in Sydney, Melbourne and Perth, you will be dealing with our friendly and experienced team. Click here to learn more about us.

Call us on 1300 937 292 to finance growth by converting your invoices into cash.

Growing – Invoice financing can help

With Banks tightening their credit policies and relying on bricks and mortar for security. Businesses are finding it more difficult than ever to finance their business and in particular growth. Businesses opting for a more flexible funding partner are considering invoice financing as a possible solution.

Invoice financing – A flexible funding solutions for businesses

At BCashflow Positive we understand that not all growing companies will have the hard assets to match. We focus more on the strength of your debtors and the collectability of your invoices.

Our flexible invoice financing facility have helped many businesses that would have otherwise struggled to find funding, by releasing the cash tied up in their unpaid invoices.

How does invoice financing work?

Convert your invoices into cash in 3 easy steps.

1. Invoice your client and send BCashflow Positive a copy
2. BCashflow Positive advance you with up to 90% on the value of your invoices in 24 hours.
3. We will credit the remaining 10% to you when your client pays us.

Click here to learn more about how it works.

How much does invoice financing cost?

We are transparent about fees so you will know what it will cost upfront. Our service cost 1.8%  for the first 30 days and 0.06% per day thereafter for up to 90 days. Click here to learn more about our pricing.

What are the benefits of invoice financing?

As a leading invoice financing company we believe in providing personable and fast cash flow solutions to our clients. Some key benefits are, funds in 24 hours, fast approval, access to decision makers, and no property security or monthly/quarterly onsite audits.

Our flexible finance solutions can be a source of working capital for startups and provide constant cash flow for growing businesses. It can help to cover the gap of slow payments and meet operating expenses.

Call us today on 1300 937 292 to improve your cash flow.

Did you know that poor cash flow is one of the main causes of business failure in Australia? According to ASIC reports on corporate insolvencies 2014-2015, the top 3 causes of business failure are, inadequate cash flow, poor strategic management, and trading losses. Industries with the most insolvency lodgements between 2014-2015 were, business and personal services, construction, and accommodation and food services.

Cash flow is the life line of any business

At BCashflow Positive we understand that cash flow is the lifeline of any business, like fuel to an engine, a consistent cash flow keeps your business going while helping to achieve growth.

How debtor finance works?

Our Debtor Finance facility can provide your business with constant cash flow by releasing the cash tied up in your unpaid invoices. Up to 80% of the invoice face value is advanced in as quick as 24 hours. The remaining 20% is credited to you as soon as your client pays. Click here to learn more about how it works.

Benefits of a predictable cash flow

With a more predictable cash flow you can get on top of your operating expenses, pay your staff on time, take on more business and most importantly grow.

Why BCashflow Positive?

At BCashflow Positive we also pride ourselves on providing personable debtor finance solutions to our clients. With a national footprint and offices in Sydney, Melbourne and Perth, you will be dealing with our friendly and experienced team. Click here to learn more about us.

Our simple and fast debtor finance service grows with your business without the need of property security. So the more sales you make, the more cash you can get.

So don’t wait 30, 60 or even 90 days to get paid.  Call 1300 937 292 and convert your invoices into instant cash flow now.