Invoice Finance: Flexible & Faster AlternativeSep 14 2021 in Invoice Finance
Now more than ever, businesses need to explore alternative financing solutions to ensure they have sufficient cash flowing through their business. Traditional bank loans and overdrafts are not your only option; to give you the flexibility and simplicity you need to grow your business.
At BCashflow Positive, we have more than 32 years of experience working with businesses all over Australia. Whether you are looking to expand your operations with a new facility, launch a new advertising or customer loyalty campaign, or get on top of your ATO obligations, BCashflow Positive invoice finance can help you do it.
How Invoice Finance Works
BCashflow Positive Invoice finance is a fast and easy way of getting access to the money you have already earned. Instead of waiting 30, 60, or 90 days for your clients to pay your invoices, you can bridge the gap of slow payments by financing your invoices. Convert your invoices into cash with three simple steps:
1. Invoice your clients and send us copies of the invoices you want to be funded.
2. In as quick as 4 hours, BCashflow Positive will credit you with up to 90% of the invoice value.
3. You will receive the remaining 10%, less any accrued fees, when your clients pay us.
Benefits of BCashflow Positive Invoice Finance
It is important to realise that not all invoice finance companies are the same. When you work with BCashflow Positive, we make it as easy and quick as possible for you to access the money you have already earned.
Fast Approval: You will get a response within 24 to 48 hours after submitting your application.
Fast Funding: Once you send us your invoices for funding, you can expect to receive funds in as quick as 4 hours.
No Hidden Fees: Our fee structure is simple and transparent so there are no nasty surprises. Use our funding calculator to see how much funding you can get and how much it’s going to cost.
No Property Security: Our standard security is a charge over the debtors’ ledger, not the director’s home.
No Quarterly Audits: We trust you to run your business. We just help you to keep your cash flowing.
Friendly Professional Service: We’re just a phone call away. Call 1300 937 292 to speak to a local invoice finance expert.
Why Consider Invoice Finance Over Traditional Loans and Bank Overdrafts
Invoice finance is an alternative to traditional cash flow solutions like loans and overdrafts – and for many reasons, it may be a preferred solution. Business loans are getting harder to come by, and it can take weeks or even months to get approved. Depending on the loan amount required, property security may be required, forcing you to put your personal asset, like your home on the line for the business. It’s a big risk to take in uncertain times, and it’s unnecessary when there are alternatives available. BCashflow Positive invoice finance does not require property security and approval can be provided in as quick as 24 hours.
Bank overdrafts are another go-to solution for many businesses, but they have their own challenges. Overdrafts limits can be restrictive and often not enough to support business growth. With BCashflow Positive invoice finance, your funding limit can be aligned with your receivables, so the more you grow, the more funding you can get.
Contact BCashflow Positive for a Customised Invoice Finance Solution
Since 1989, we’ve worked with many small to medium businesses with an annual turnover ranging from $500,000 to $30 million in industries such as logistics, manufacturing, labour-hire, IT, and more. With a friendly and professional approach, our team can be a great extension to your business, to help you bridge the slow payment gaps and improve your cash flow.
As an independently owned Australian company with offices in Sydney, Perth, Melbourne, and Brisbane, BCashflow Positive is committed to helping businesses all over the country. Our staff are highly experienced and will be more than happy to discuss a tailored solution for your business. Contact us to learn more about how we can help you inject cash flow into your business, stay on top of ATO obligations, negotiate bulk pricing with your suppliers, develop a new product or service, and more.
From Surviving to Thriving: 2021 Key Business StrategiesFeb 10 2021 in Invoice Finance
Businesses of all sizes in nearly every industry experienced difficulty in 2020. Whether they were struggling with cash flow and were forced to close temporarily, or transitioning their employees to work from home, COVID-19 presented a variety of challenges most of us never thought we would have to face.
It was a year of survival: businesses adapted and did what they could to make it out the other side. With 2020 behind us, it’s time to focus on adopting key business strategies to get out of survival mode and into thriving mode. Here’s how to start:
Focus on What You Can Control
There’s still a lot that’s out of your hands: government regulations, public trust and willingness or ability to spend money, vaccination rates, the virus itself, and more. Although it’s good to be aware of how they can affect your business, a better approach is to shift your energy towards what you can control.
This may include developing a new product or a new service that better meets customer demands in the current conditions, adopting a lean and agile operating model, reconnecting with your most loyal customers, or managing your cash flow with alternative finance solutions.
Adopting a Lean and Agile Operating Model
Agile organisations empower teams to make decisions, rather than relying on people at the top of the business hierarchy to make them. Those teams are encouraged to take action, learn from their mistakes, and adapt to move forward. This not only fosters a culture of improvement and innovation, but it also makes it faster and easier for a business to pivot when consumer demands change – and it can better prepare you for unforeseen challenges like COVID-19.
Combining agility with lean operations helps you save money. A lean business is one that focuses on more efficient business strategies to be able to do more with less. This approach helps you eliminate waste, improve sustainability, and reduce your expenses.
Going lean starts with you assessing your organisation’s processes and identifying opportunities for improvements. Once the areas of improvement have been identified, strategies to go lean could be adopting new technology and embracing automation to save costs. Enhancing process efficiencies, improving communications, or restructuring and redefining roles to improve employee engagement and reduce turnover.
Focus on Core Customers and Personalised Offerings
Identifying your core customers – those who are most likely to buy enough of your products to enable you to keep selling them – is essential for both survival and growth. Losing your current customers is a major risk, not only because they are likely to continue to buy in the future, but also because they are the people who are most likely to tell a friend about your business.
Keep your current customers coming back with personalised offers and solutions. Ask your customers for feedback to show them you value their input. Develop a loyalty program that rewards them for their continued support and encourages social sharing. Getting to know your customers and catering to their changing needs are also key foundations in building loyalty.
Cash Is King: Seek Alternative Flexible Finance Solutions
When slow payments start to affect your ability to pay suppliers, pay wages, and meet your ATO obligations, you will soon realise that cash is king. Getting a traditional loan in the current climate can be tough, and your business could be left waiting for weeks or even months. There is a simpler alternative, where instead of waiting 30, 60, or even 90 days for your clients to pay their invoices, you can access that cash in as quick as 4 hours.
BCashflow Positive has been providing flexible invoice financing to help businesses improve their cash flow for over 31 years, via a simple and transparent process:
1. Invoice your clients and send us a copy
2. In as quick as 4 hours, we’ll advance you with up to 90% of the invoice value
3. You’ll receive the remainder with any accrued fees when your client pays us
When you work with us, you will enjoy several benefits that can help you save time, money, and hassles:
Fast approval: A response is provided within 24 to 48 hours of receiving your application.
No hidden fees: Our transparent fee structure ensures you know what you’ll be paying—no surprises.
No quarterly audits: There are no intrusive shadow software or quarterly audits. We give you the freedom to run your business.
Help when you need it: Our friendly local team is only a phone call away to answer any questions you may have.
Since 1989, BCashflow Positive has been a trusted partner to help small to medium businesses improve their cash flow. We have offices in Sydney, Melbourne, Brisbane, and Perth, and work with clients all over Australia. If you are exploring strategies to thrive in 2021, then improving your cash flow should be one of them. Contact us today or call 1300 937 292 to speak to an invoice financing expert.
Improving Your Cash Flow Amidst COVID19-Compelling Reasons to Finance Your Invoices NowMay 19 2020 in Invoice Finance
You have checked your cash flow data, monitoring every accounts receivable from your clients, who have not been able to keep up.
The wait goes on…
We know that having a positive mindset in this pandemic can be an ‘easier said than done’ scenario. But whilst the pandemic has had multiple industries grappling for some financial security, you can still be optimistic about keeping your business afloat – and more.
If you’ve found your cash flow to be slipping away from you more than ever, you need a flexible funding solution like BCashflow Positive invoice finance to stabilise your cash flow during this crisis. Your goal now is to manage overall business risks and keep financial continuity plans in place. You need all the support you can get in managing cash-related pressures during these times.
What short and long term cash flow management methods have you applied so far? What forms of alternative financing have you fuelled your business with to keep a healthy level of cash flow? What are your challenges with customer-client relationships?
Take a look at your invoices, waiting to be processed. Have you received what’s due to you from your clients?
Instead of grappling through your cash flow system, here are some reasons why financing your invoices now should be your next move. We’ve made each process as straightforward as possible so you can get back to being cash flow positive straight away.
Simple application process
In this time of crisis, the last thing you want is to be inundated with complicated paperwork and terms. Simply fill out our contact form and an invoice finance expert will be in touch to guide you through the invoice finance application process, and have a response for your application within 24-48 hours.
Our invoice finance experts will be there every step of the way to ensure that the application process is a simple and a stress-free experience.
Like you, we don’t like complicated jargon. We believe in transparency from the start so there are no surprises. You will know exactly what funding you can get and how much it is going to cost upfront by simply using our fee and funding calculator.
If you need more clarifications around our fee structure simply call 1300 937 292 and speak to one of our invoice finance experts, who will be more than happy to help.
Flexible alternative support
Instead of resorting to traditional loans, you will find invoice finance to be a more flexible alternative to support your business. Invoice finance is not a loan and the funding you receive is proportionate to your invoices. BCashflow Positive invoice finance lets you stay in control by allowing you to choose which invoices you would like to factor.
You can choose between our come and go arrangement with no lock-in or long-term contracts option via Key Factors. Or for more consistent access to funding BCashflow Positive invoice finance is a great long-term cash flow solution.
Manage business growth
BCashflow Positive invoice finance is suited to a variety of SMEs and growing businesses requiring additional working capital, even start-ups, or companies looking to get on top of their ATO debts, can benefit from invoice financing.
If you are in the wholesale industry, manufacturing, commercial cleaning, labour-hire, transport and logistics, manufacturing and wholesale, or earthmoving that is experiencing cash flow constraints due to slow payments, it might be a good time to consider invoice finance to cover the gap.
Rather than chasing receivables, you can concentrate on paying employee wages and outstanding operating expenses, exploring new marketing strategies and ways to pivot your business during COVID-19.
Our team can not only help to fund your invoices, but they will also help you collect them.
Instant cash—in hours
If your business is in need of instant cash, we can fund invoices in as quick as 4 hours. Rather than waiting for up to 90 days to get paid by your clients, you can convert your invoices into cash immediately with BCashflow Positive invoice finance.
Convert your invoices into cash in three simple steps:
- Invoice your customers and send us a copy.
- BCashflow Positive will advance you with up to 90% of the invoice value.
- BCashflow Positive will transfer you the remainder 10% when your client pays us, less any accrued fees.
With the instant cash flow support, you can return to normal operations, even speed up ongoing business transactions, and improve your cash management system.
With COVID-19 uncertainty still looming, it will be worthwhile to look into financing solutions to be able to move into the recovery phase of your business. Acting now and acting fast could be the difference between whether your business will survive.
If you’re unsure whether finance invoicing is right for you, speak to an invoice finance expert at BCashflow Positive today by calling 1300 937 292. With three decades of experience, BCashflow Positive has become the leading factoring company in Australia to help businesses see through cash flow challenges. Whatever your needs, we’re here to help.
How Invoice Financing is Saving Small Business From a Cashflow CrunchOct 07 2019 in Invoice Finance
The tightening of the lending criteria by banks is hurting small businesses looking to raise funds for meeting their cash flow needs.
A few years ago, profitable businesses operational for a period of time and with a good credit history found it quite easy to get approved by banks for a loan. This is no longer the case. Banks are making it harder, even for financially sound businesses to borrow money.
It’s not just hurting small businesses. According to the Australian Small Business and Family Enterprise Ombudsman Kate Carnell, the nation is in serious trouble if small businesses aren’t given help to grow in a flat economy.
Large businesses, on the other hand, continue to benefit. According to the RBA, lending to big business in the past five years has increased by a third, while bank lending to small business has been flat.
In 2017, the Reserve Bank had clearly said it wasn’t the lack of entrepreneurial spirit which was responsible for the economy slowing down, but the absence of entrepreneurial finance which was holding back the small-business part of Australia’s economy.
Late Payments Adding to the Cash-Flow Crunch
Compounding the difficulty to borrow funds when required, many small businesses are not getting paid on time. In turn, they aren’t able to pay their suppliers in a timely manner. This often results in supplies being cut off.
A research study carried out by Intuit across the globe found that 61% of small businesses are finding it difficult to manage their cash flow. The survey was carried out among 3,000 business owners from companies based in Australia, U.S., U.K., Canada, and India.
Despite their cash flow being choked, small businesses need to pay staff and their dues to the ATO. The Intuit study found that 32% of the businesses were unable to pay their vendors on time, while 43% had occasionally delayed payments to employees.
In comparison, large businesses have 60 and 90-day payment terms, as well as huge reserves of cash and, are easily able to tide over a short-term cash crunch.
Invoice Financing – Banks are Not the Answer
Small businesses who approach banks complain that banks will lend them money when it’s not needed and ask them to return it when cash reserves are depleted.
With problems such as cash flow and late payments, small businesses are looking for alternative financing solutions to fund their operations and growth.
Among these are invoice financing offered by companies such as BCashflow Positive. Essentially, invoice financing works by unlocking the cash tied up in invoices, thereby speeding up cash flow.
With the growing popularity of invoice financing, small businesses are able to take advantage of competitive rates compared to what’s offered by banks.
Working With BCashflow Positive – A Win-Win Solution
Partnering with a reputable and established invoice financier like BCashflow Positive is a positive step for SME’S. BCashflow Positive takes care to maintain a client/debtor relationship. We work closely with our clients to fully understand their business and customer needs before providing an invoice financing solution.
If you’re looking to have fast access to cash locked up in your invoices, we can get you up to 90% of your invoice value as quickly as 4 hours and the remaining 10% as soon as your customers make payment to us. Call us on 1300 937 292 for more details or CLICK HERE to get a quote.
Are slow payments squeezing your cash flow?
Large powerful companies, corporations and contractors are actively adopting an approach to delay and defer their accounts payable from processing payments to their suppliers, often taking up to four months to pay their bills as a tactic to manage their own cash flow issues. However, although gaining popularity it is also done [often] at the expense of their suppliers, with a report from the small business ombudsman describing it as the “Silent Killer of Modern Business”.
In the past extended payment terms were often seen as a sign that a company was experiencing cash flow problems, but these days, big robust companies are imposing delayed payment strategies to accommodate their own cash flow restraints. These practices are turning suppliers into lenders, forcing the supplier to carry the cost as they wait for their own receivables to come in.
Who really pays the price?
Small businesses Australia wide pay the price. With banks tightening their lending policies and larger corporations exploiting their size and buying power it becomes even harder for the SMEs to navigate the flow on effects these practices are having. You still have a payroll to run, your own suppliers to pay, BAS and other taxes all of which can’t be put on hold whilst waiting months for payment.
An international study of 30,000 invoices from 80 countries found Australia is lagging the rest of the world in terms of late payments. Research by the UK-based Market Invoice found Australian businesses were being paid on average 26.4 days past the due date, far later than the next latest country, Mexico, with 18.6 days, or South Africa at 16.5 days late.
Are there ways to smooth cash flow?
Invoice factoring is an option that can level your cash flow as you move forward. At BCashflow Positive, our clients get up to 90% of the face value of the invoices in as quick as 4 hours instead of waiting for 60, 90 or even 120 days to be paid.
Instead of waiting weeks to receive payment on invoices, Invoice Factoring lets small and medium businesses access cash via their accounts receivables, allowing you to keep investing in your business, as you work out how to navigate the payment delay tactics your customers are undertaking.
Why BCashflow Positive?
BCashflow Positive is a leading provider of invoice factoring with 30 years’ experience in this field. We are a factoring company, that is what we do. Our fast turnaround can see you accessing funds caught up in outstanding invoices in just 4 hours. No hidden fees and the ability to choose what invoices you want funded allows you to control the cost of the facility.
How quickly can you get funds?
At BCashflow Positive, you can get funds in as quick as 4 hours once a facility is in place. For more information on invoice factoring with BCashflow Positive, call us on 1300 937 292, or fill out our quick contact form and we will be in touch.
How boutique financial services can provide better customer serviceApr 17 2019 in Invoice Finance
How are the Big 4 banks taking advantage of their customers?
The Australian Securities and Investments Commission (ASIC) and Australian Small Business and Family Enterprise Ombudsman (ASBFEO) say they’re concerned after the crackdown of the “fees for no service” scandal of Australia’s biggest financial institutions.
The Big 4 banks and their peers have been scrutinised over the past few months by ASIC and The Royal Commission for their greed and unethical standards. Even politicians have joined the chorus, and all seem to be singing from the same page, targeting deplorable customer service, bad financial advice, and for the practice of charging fees for advice that was never given, worst of all, reported cases of charging deceased clients for financial advice.
Wondering if there’s more? Look past the BIG FOUR
If you’re ready to take control of your financial future, you should first look at whom you’re choosing to get finance from. For excellent service, accountability, transparency and honesty, businesses need to look into the boutique financial services. The independent financial services market is packed with companies that have been operating for many years, and their customers are very well looked after. You have a choice, and there is no better time than now to break free and explore the alternatives.
Invoice finance is growing in popularity as a simple solution to a variety of financial needs, yet most business owners wonder if it is for them. The good news is Invoice Financing is for businesses of any size – including startups with a limited sales history and qualifying for financing is relatively quick and straightforward.
Why should you turn to us for invoice financing?
BCashflow Positive has been a market leader since 1989 and is totally independent. We are free from any influence or restrictions from the big banks or for that matter any other outside influences with its major competitor, a publicly listed company, undoubtedly controlled by its own financing facilities with the big four.
BCashflow Positive has a strong reputation and operates on core values – fairness, transparency and quality customer service levels that the others can only dream of.
BCashflow Positive pride themselves on offering simple, flexible and totally transparent Invoice Finance facilities, and to make it even easier for SME’s, BCashflow Positive does not ask for real estate security.
BCashflow Positive will take no more than 24 business hours to assess your application and come back to you with an answer and a formal offer. If you have dealt with the banks recently you would have experienced turnaround times that extend into weeks and even months.
Are you looking for financing?
If you need to raise funds from your debtors, Invoice Financing through BCashflow Positive would be an excellent alternative to what the majors can offer, with all their strings, controls and real estate security that go along with banks.
Don’t waste your time with the big banks, BCashflow Positive is the best alternative for your Invoice Financing requirements.
Find out more today by calling 1300 937 292 or fill out our quick contact form online.
Invoice finance vs business loans: Which is right for you?Aug 21 2018 in Invoice Finance
If you operate a small business and are looking to gain fast access to extra cash flow, then both invoice finance and business loans can be good choices. In this article, we will explore the advantages & disadvantages of both.
Invoice finance works by using your invoices as collateral to gain access to your money now. You can essentially get funds owed to you ahead of time. For example, instead of waiting up to 90 days to get paid by a client for a $500,000 invoice, you can receive up to 90% of the invoice value from an invoice finance company like BCashflow Positive, in as quick as 4 hours.
Some of the benefits of invoice finance are:
– Instant cash flow
– The more sales you make the more cash you can get
– Cover the gap of slow payments
– The process is usually much swifter and easier than securing loans
– Suitable for startups requiring working capital to expand
One of the disadvantages of invoice finance is that it is not suitable for all businesses. To find out whether invoice finance is suitable for your business contact BCashflow Positive today.
A business loan is a creation of debt by a business, which is paid back over time with added interest. One of the core benefits of acquiring a business loan is being able to spread out repayments over time.
The downsides of securing a business loan are:
– Business loans typically take a long time to process
– You may have to put up large amounts of personal or business collateral to secure the loan
– You might not be eligible if you’ve not been in business long enough
Making the right choice for your business
If you are in need of quick funding to help seize an opportunity, then invoice finance can be a great alternative. BCashflow Positive invoice finance provides fast 48 hours approval and funding can occur in as quick as 4 hours. We aim to be open and honest with all businesses looking to use our service. That’s why we have a handy calculator, which lets you work out exactly how much you will be charged and how much funding you can get. To find out more call 1300 937 292 today!
What Is Invoice Finance?Nov 29 2017 in Invoice Finance
Definition of invoice finance
Invoice finance allows you to unlock immediate cash from your sales invoices instead of waiting up to 90 days for your clients to pay. Similar to a line of credit secured by your accounts receivable, you can convert your invoices into cash in as quick as 24 hours.
How does invoice finance work with BCashflow Positive?
1. Invoice your clients for the sale of goods or services and send BCashflow Positive a copy.
2. BCashflow Positive will credit your account with up to 90% of the invoice value in as quick as 24 hours.
3. Receive the remaining 10% less any accrued fees, when your client pays us.
What are the benefits of invoice finance for my business?
• With invoice finance, you can unlock cash tied up in your unpaid invoices in as quick as 24 hours.
• Improve your business cash flow allowing you to accelerate growth.
• Cover the gap of slow payments – Don’t wait up to 90 days for payment.
• Funding can increase as your business grows – The more sales you make, the more cash you can get.
• There is no property security or quarterly audits required with BCashflow Positive invoice finance facility.
• Fast 48 hours approval with BCashflow Positive– Not weeks like the banks.
• Spend more time growing your business and leave the follow up of accounts to BCashflow Positive.
How much does invoice finance cost with BCashflow Positive?
At BCashflow Positive we are transparent about fees so there are no surprises.
We charge 1.8% for the first 30 days & 0.06% per day thereafter for up to 90 days.
As an example, if you invoice finance $100,000 in accounts receivable you can receive up to $180,000 in as quick as 24 hours. If the $100,000 were paid after 30 days, the total cost incurred would be $3,600 or 1.8%. Give our fee and funding calculator a go to see how much funding you can get and how much it is going to cost.
Why BCashflow Positive Invoice Finance?
Ready to unlock growth by unlocking cash from your sales invoice? Contact BCashflow Positive on 1300 937 292 today to find out more or apply online today by completing our 3 minutes pre-approval form and get a response within 48 hours.
As Australia’s leading invoice finance company with over 31 years experience, your business is in good hands.
Finance Growth With Invoice FinancingSep 01 2016 in Invoice Finance
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.
- Invoice your client and send BCashflow Positive a copy
- BCashflow Positive advance you with up to 90% on the value of your invoices in 24 hours.
- 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.