Factoring
Improve Your Cash Flow And Save Management Time
Factoring - What Is It?
Factoring, also known as cash flow finance, debtor finance and invoice finance, can help improve your cash flow and fund growth by providing an immediate injection of cash against the value of your outstanding invoices.
Then as you raise an invoice, we can release up to 85% of the value of that invoice within 24 hours. The remaining 15% is paid to you, less a small service fee, once we receive payment from your customers.
In addition to the cash we provide, Debtor Finance can also save you valuable management time and money. We can help you manage your sales ledger by preparing and sending out monthly statements on your behalf, undertaking cash reconciliations and allocations, collecting outstanding invoice payments if required and maintaining detailed accounts of your transactions so you can get on with what you do best - growing your business. All this information can be accessed 24 hours via the internet. You remain in control by working with a team of professionals who ensure your customers are as happy to deal with us as they are with you.
Factoring - The Key Benefits?
With a Factoring facility, your business has access to a reliable, ongoing supply of cash linked to your sales. So as your business grows so does the amount of funding available to you, meaning your funding is always matched to the needs of your business, allowing you to grow, free from cash flow constraints.
- Improve control over cash flow to help your business run smoothly
- Fund business growth with increased working capital
- Win business by offering more competitive terms of trade with confidence
- Improve margins from suppliers with greater buying power
- Funding grows in line with sales, unlike overdrafts or other solutions
- Protect the bottom line by reducing or scrapping early settlement discounts
- Save management time and money by outsourcing debtor management if required
- Release the family home from the business funding equation
- Access funds quickly to capitalise on business opportunities as they arise
- Improve supplier relationships through more prompt payment
- Improve customer relationships through more prompt fulfillment
- Gain confidence in strategic decision making with reliable cash flow
Factoring - Who We Can Help?
If your business is a startup, growing or established and trades on credit terms with other businesses (business to business), we can help.
Factoring - How Much Does It Cost?
Our Factoring services are tailored to your business, so the fees will depend upon your specific needs.
There are two types of fee. The first is the cost of the money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee.
What Next?
If you would like to speak with one of our Factoring specialists simply complete our enquiry form. Alternatively you can call us on 1300 850 322, email us at marketing@bibby.com.au or request a call back.
