The best invoice finance facility in Australia

If you’ve ever searched for an invoice financing facility for your business, then you’d appreciate how nice and simple it would be if we could just Google search for “the best invoice financing facility in Australia” and pick one from the top two or three on the list that’s generated. Fortunately, it’s not that simple – fortunate for you because if you’ve ever searched for an invoice financing facility for your business, then you know that there are many varied financing options on the market – there are many because no single facility suits every business. There is no “best invoice finance facility in Australia”, so anyone saying otherwise either doesn’t know what they are talking about, or doesn’t have your best interests in mind.

So, if there isn’t a “best” one, how do you find what’s right for you? The answer is in the question – what’s right for you depends on:

·        What proportion of your debtor book do you need financed? More, or less, than 50%?

·        What proportion of your debtor book is able actually to be financed? (If you don’t know what this means, then watch this video: https://youtu.be/P8WMuvRCB9s)

·        Do you need to finance frequently, or infrequently?

·        Do you need to be able to start and stop the facility at your discretion?

·        Do you have multiple debtors, or just a couple (less than 4)?

·        Is your business new, or well established?

·        Do you want to be able to pick-and-choose which invoices are financed, and when, or do you want to pay for financing on all of your invoices all of the time?

·        Do you want to be dealing directly with your financier, or multiple (random) employees who don’t know you or your business?

All of the above questions can be boiled down to one definition – “flexibility”. The more flexible a facility is, the more you can control it, hence the more control you have over your destiny. Just how flexible your facility needs to be is dependant on your business needs, which is why each facility should be tailored to suit each client.

Before embarking on the journey of finding “the best invoice financing facility in Australia”, start with a thorough understanding of your wants and needs. Then, find a financier who you prefer to deal with, and work towards establishing a tailor-made, specific financing solution for your business. You will then have the best invoice financing facility in Australia for your business.