Category Archives: Invoice Factoring

Get On Top Of ATO Bills With Invoice Factoring

Sep 26 2017 in Invoice Factoring

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.

 

Invoice Factoring – A Flexible Funding Alternative

Apr 24 2017 in Invoice Factoring

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 31 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.

Accounts Receivable Factoring – Case Study

Oct 01 2016 in Invoice Factoring

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.