Imagine having instant access to cash from your invoices and knowing that your working capital will always keep pace with your growth. Invoice Financing makes this a reality.
Traditionally, businesses have obtained working capital through a bank overdraft facility. The downside of this arrangement is that the bank overdraft is capped and doesn't grow at the same rate as the business.
Invoice Financing is the modern alternative to an overdraft. The number of companies in Australia and New Zealand, using this flexible service, has grown by 30% each year for the last five years. One of the main benefits is that, unlike a bank overdraft, finance grows at the same rate as the increase in sales and is not linked to the value of additional security.
Our finance service can turn your invoices into cash as you generate them. No more waiting 60, 90 days or more. This means your working capital is driven directly by your current sales. The more sales - the more cash. Unlike an overdraft there is no fixed limit and need to renegotiate as you grow. Good cashflow places you in a strong position with suppliers and makes offering settlement discounts unnecessary.
Well-established businesses with their own effective credit control and collection systems will use this service in combination with our credit protection service. This gives them the flexibility of sales linked financing, but they use their own credit control systems. This maintains the confidentiality of the service because neither your customers nor your competitors need know of our involvement.
Invoice Financing is a very easy process to implement and maintain. We undertake our due diligence process and once approved, we then offer you a facility. Because we are not constrained by a bank's rigid risk policy and rulebook, this approval process usually takes no more than 24 hours.
Once approved your ledger is then duplicated on our system. We call this process creating a Shadow Ledger. This process is done electronically and usually takes about 30 minutes, depending on the configuration of the information on your computer system. This process is not system dependant so it does not matter if your computer operates using Windows©, Mac©, Unix© or DB2©.
This means that you can draw funds from us within 24 hours of completion of the due diligence process. Imagine that, you now have access to cash from your invoices as you continue to make sales.
On an ongoing basis you forward invoices to us, electronically via our Ledger Manager, either daily or weekly, depending on your requirements. This automates the process and allows a seamless transfer of data from you to us.
It's simple and easy to implement. No wonder it's the fastest growing form of debtor finance.
You need not be concerned about transferring information to us via the Internet, as security is an area we have well covered. Ledger Manager uses industry standard secure encryption software called SSL (Secure Socket Layer). If your browser is SSL equipped, your transactions with us will be secured automatically.
SSL works by encrypting all communications between your computer and our web server. This means unwanted parties can't intercept the information. To ensure the highest standard of security Ledger Manager Data will only allow connections from browsers that support SSL.
If you choose to use our credit management service you will have more time to concentrate your resources on selling and manufacturing while we provide tailored credit control, sales ledger routines and information. For many businesses this is the most cost effective way of working and still keeps them in full control and does not hinder their hard won customer relationships.
For many businesses bad debts are an ever-present danger. Our credit protection service offers simple administration and payment of credit approved and undisputed invoices within 120 days of the invoice due date. This means your cash flow is assured, your profit secure and you are in full control of your customer's credit.
- May be an established business or new venture.
- Will have turnover in excess of $500,000 in the coming year.
- Have sales to trade customers on credit terms (typically 30 to 60 days)
- Do not have sales to any single customer normally exceeding 30% of total sales.
- Are unlikely to be in contract work, construction or supplying capital equipment.
- Have low levels of customer returns.
Q. What is the difference between Factoring and Invoice Finance?
A. Under both facilities you assign your invoices to obtain immediate cash flow,
but with Invoice Finance your facility is confidential and therefore not disclosed
to your debtors or competitors.
Q. What are the costs?
A. There are two costs involved with Invoice Finance.
The first is an administration fee for maintaining your shadow ledger on our system.
The second charge is a discount (interest) charge calculated on actual amount of funds
drawn from your facility. The interest rate on these funds is comparable to those charged
by banks for overdrafts. To find out more contact our office for an obligation free quotation
for your particular business. You'll be pleasantly surprised at how little it costs.
Q. Do I need to provide Real Estate security?
A. Invoice Financing is secured primarily by your debtors' ledger. Real Estate security
is not required and is a major point of difference between a bank overdraft and Invoice Discounting.
Q. What about bad debts?
A. We offer a service that covers non payment of invoices, over an amount agreed with you
at the commencement of your facility. Payment of credit approved and undisputed invoices
are made within 120 days of the invoice due date.
Q. Does my business qualify?
A. Check the general criteria above and if you are still unsure contact someone
in our office to discuss your particular business.
Our objective is to provide services that enable clients to predict and improve their cashflow and enable them to develop their business potential. We do this by using technology to deliver services that enable our clients to concentrate on their business with the minimum of disruption.
To obtain further information please contact one of our offices or through our web site at www.pacificinvoicefinance.com.
NEW ZEALAND:
PACIFIC INVOICE FINANCE LIMITED
Level 10, 52 Swanson Street, Auckland,
New Zealand, Phone: (09) 377-8490 and...
183 Montreal Street, Christchurch, New Zealand, Phone (03) 379-0500
AUSTRALIA:
Phone: 1-800-140-061.
ON THE WEB @: www.pacificinvoicefinance.com
You can download and print our PDF application form here:
Download Application Form 
Simply return the completed form and required supporting information to us via fax and mail.
Mail:
NEW ZEALAND:
PACIFIC INVOICE FINANCE LIMITED,
P O Box 3292, Auckland, 1001
For
further information on how your business could benefit from our services,
please contact us on:
Australia: 1-800-140-061
New Zealand: (09) 377 8490 or (03) 379-0500, or email: info@pacificinvoicefinance.com
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