Cash flow finance expert joins AIF
Australian Invoice Finance (AIF), the rapidly growing challenger in the Australian cash flow finance sector, has made a significant Queensland appointment.
Cash flow finance veteran Drew Vautin will set up AIF’s Queensland operations and spearhead sales growth across the state. Mr Vautin will be based in Brisbane.
Since launching in August 2017, AIF now has clients in five of Australia’s six states and is exceeding growth expectations.
Mr Vautin was most recently a business development manager for specialised products with Scottish Pacific for Queensland and NT. Prior to that he was National Manager for Bad Debt Protection for Scottish Pacific.
An established team:
Mr Charlwood said established cash flow finance players were not meeting the needs of SMEs, especially smaller companies.
“Drew’s experience in dealing with SMEs across Australia, NZ and SE Asia will be invaluable to the growth of AIF. Furthermore, he has proven himself as an accomplished leader in the cash flow finance industry and built successful teams from scratch,” Mr Charlwood said.
Mr Vautin is also heavily involved with Brothers Rugby Club, where he is currently breakdown and forwards coach and assistant coach of the Premier squad.
What is cash flow finance?
Cash flow finance, also called factoring, is a form of business lending where a loan is backed by a company’s expected cash flows. Consequently, the loan amount is based on the value of outstanding customer invoices for work done or goods sold. With same-day approval, up to 85% of these unpaid invoices is lent up front. Finally, the balance paid, less a fee, when the outstanding invoices are received.
Antonino Blancato – FCR Michael Pollack – FCR
D: (02) 8264 1009 D: (02) 8264 1002
Read more about Drew’s appointment in Australian Broker.