Factoring Summary
Improve Your Cash Flow And Save Management Time
Factoring In A Nutshell
- Factoring, also known as cash flow finance, invoice finance and debtor finance, improves your cash flow by providing an immediate injection of cash into your business against the value of your outstanding invoices.
- When you raise an invoice, we can release up to 90% of the value of that invoice within 24 hours. The remaining 10% is paid to you, less a small service fee, once we receive payment from your customer.
- Your business has access to an ongoing supply of cash linked to your sales so as your business grows so does the amount of funding available to you.
- We can also save you valuable management time. We will prepare and send out statements, telephone all of your customers, collect payments for you and maintain professional and detailed accounts of your transactions to free up your time to undertake the activities which move the business forward.
- Your customers make payments to us via a specialist bank account.
- You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you. You also have 24 hour access to your account and reporting via our secure client website.
- Reduce debtor days and improve control over cash flow.
- By making use of a factoring facility you can improve profitability by taking advantage of any volume and early settlement discounts in purchasing, and by reducing your own discounts.
- Free up real estate security, such as the family home, from the business altogether or use it to secure additional finance to reinvest.
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.
