December 2019 Newsletter

A Times are certainly tough for small business operators. It seems that a new business risk emerges every day. 

The challenges range from low inflation and consumer spending, to legislative change, to the impacts of drought and fires, to rising power bills and the costs of technological innovation, to name just a few.

ASIC figures revealed that 8,105 businesses entered external administration in the 2018/19 financial year, with businesses in NSW and Victoria accounting for more than 60% of these. This was up from the 7,747 businesses that entered external administration in 2017/18.

According to Deloitte Access Economics’ Chris Richardson, writing in his October 2019 Business Outlook, the single biggest obstacle to economic growth, in Australia and globally, is that ‘families and businesses have lost confidence in the ability of political leaders to govern wisely’.

Lack of business confidence means that companies are reluctant to commit to large projects that stimulate the economy. Richardson says that when consumer spending does pick up, it is expected to be ‘mild rather than wild’. At least the housing market seems to be making a recovery.
The challenges and stress increase for small business owners over Christmas and New Year, when many businesses shut down. This can create headaches for businesses that have invoices unpaid by debtors at this time, as they still have costs to cover as well as additional expenses such as leave loading. Christmas and New Year should be a time to kick back and relax, not lie awake at night worrying about how you are going to pay your staff.

Contact Australian Invoice Finance on 1800 FUNDIT (386 348) to discuss how we can help you manage your cashflow and cover expenses over the holiday period.

We will convert up to 90% of the value of an outstanding invoice to cash, usually within 24 hours. Once the outstanding invoice is paid, the remaining 10% of the value of the invoice up to a cap of $3 million, is transferred to you. Importantly, we also work with small business owners to help them better manager their cashflow over the long term.
I’d like to take this opportunity to thank all of our clients for their support over 2019 and wish a Happy Christmas to you and your families.

Read more on avoiding the Christmas Cashflow Crunch

A Real Finance Broker Doing Invoice Finance for his Client ! 

Martin Mulder, business adviser at VHM Finance Partners, explains how he identified invoice finance as the solution for a construction company refused further credit by its incumbent bank.

Read the full article here

 

Confidential Invoice Finance

We at Australian Invoice Finance are excited to launch our Confidential Invoice Finance product that allows your clients to manage their sales ledger and customer relationships using a facility that is entirely confidential.

Often business owners prefer to keep their financing arrangements confidential. Our new Confidential Invoice Finance product enables business owners to maintain control of the collection of their payments, meaning their customers won’t know they are using our service.

Confidential Invoice Finance is perfectly suited to more established businesses that have strong back office support. AIF will provide funding of up to 85% of the value of outstanding invoices and leave all of the back-office collections to the business.

Of course, approval criteria do apply but, if a business does not qualify, we can offer a Partnership Invoice Finance facility where the business can still manage its collections and customer relationships with a non-confidential facility.

Call your local AIF BDM today for a confidential discussion about Confidential Invoice Finance.

 

Industries that commonly use invoice finance include:

  • Labour and professional hire
  • Transport
  • Manufacturing
  • Wholesale
  • Trade supplies
  • Printers
  • Equipment hire
  • Ragtrade
  • Traffic control

 

Client Rewards : We want to say thank you for helping us. 

 

The Australian Invoice Finance team is delighted that we have been able to help you keep your business’ cashflow on track.

It is our mission at AIF to ensure that every one of our clients has strong, even and sustained cashflow in their businesses.

We are always on the lookout for other businesses in need of help with their cashflow and would like to reward you for helping us find them. In our day-to-day business activities, most of us encounter companies experiencing cashflow problems. It is these businesses that we would like to help.

At AIF, we appreciate any referrals from our clients, but to show how much we truly value our referrers we are offering a series of cash bonuses.

 

We want to reward you

We will pay you $100 for every lead that meets the qualifying criteria below.
Once a client qualifies, you will receive:

  • $1200 for each of the first two
  • $1500 per client taken on after the first two.

 

Qualifying criteria
An individual client must refer at least one lead that involves a business that is:

  • Conducting B2B transactions
  • Supplying a product or service on terms
  • Engaging in work, service or delivery that is completed prior to invoicing.

Please contact your AIF business development manager with any questions and to pass on potential leads.

Good luck to all.

 

Greg Charlwood
Managing Director

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