Financing your invoices with Invoice Factoring NZ is a fast, flexible and easy way to sort your business cashflow challenges. By using your accounts receivable for security, in many cases we can have you approved, and funds in your account within one business day.
Easy application process that helps you get a fast approval.
We can pay out up to 80% of your debtors ledger (accounts receivables) within 24 hours.
Rather than assets you can use your debtors, your customer invoices, as security.
We help provide you the cash flow your need to grow your business.
To find out more and to get started, get in touch with us today.
If you have single invoices that you would like that you can’t wait to be paid for send them to us for immediate payment now. You do not need to commit to an ongoing finance facility, just send the invoice to us for payment today. Use the facility as and when you need to with no ongoing obligation to you.
Any existing funding facilities and securities you have can remain in place. As we are are purchasing an individual invoice not providing an ongoing loan we are happy to ‘sit behind’ and bank GSA’s or other security given over your business.
As our security is the invoice, not your company, an in depth credit review is not required, we will be happy to lend to start up businesses and you do not need to own any property or other assets.
Submit an invoice below and we will contact you promptly to get it funded.
Invoice Factoring (or invoice finance) give you on call access to up to 90% of your debtors on ongoing basis. For example:
We are able to access your debtors ledger automatically by linking to XERO or you can submit invoices on a weekly basis if you prefer. Your customers are then instructed to pay a new bank account that we set up for you that can also link to your XERO.
We pay up to 90% of the value of your debtors ledger immediately and the remaining 10% is paid to you when your Customer pays.
Invoice factoring can generally be used alongside any other cash-flow facilities that you have and can provide a large cash injection without the requirement for any property security or other arduous conditions that the bank will require.
Invoices can be funded for up to 90 days from the date that they are created.
The costs for an invoice finance facility will vary depending on the size and risks involved but will generally always be less than what you offer your customers for prompt payment discount.
Undisclosed Invoice Finance, for those who qualify, provides all of the cash flow benefits of an invoice finance facility without notifying your customers of the relationship.
Each week up to 90% of the value of invoices created is made available to use on call like an overdraft.
We access your accounting systems and provide you with this seamless cash flow overdraft.
Invoice financing, or invoice factoring, is an option that is growing exponentially worldwide and is still relatively new in New Zealand. Invoice factoring is a financial transaction whereby a business sells all or a portion of its accounts receivable (invoices) to a third party (called a factor) at a discount, in exchange for immediate money with which to finance continued business.
The NZ invoice factoring market is currently at $1billion and growing, while in Australia is it has been valued at $78 billion.
Invoice Factoring NZ is one of New Zealand’s leading specialist business financiers.
Our service focuses squarely on the smaller SMEs who benefit most from improved cash flow using their main asset, unpaid invoices. We’ve the advantage of extensive experience and cutting edge software that provides real time transparency through a unique online client interface.
If you think invoice financing could be the solution for your cashflow woes, then contact us today.
More than 97% of NZ businesses fall into the SME category and they employ 30% of our country’s workforce. So whether they thrive or fail has a big impact on our economy.
In Australia, businesses are waiting nearly eight weeks to be paid by other companies, with the average invoice payment time rising to 55 days for the first quarter 2013. In New Zealand, it currently stands at 43 days – still too long for those needing to pay staff and with their own suppliers demanding payment on 20th of the month terms.
Increasing payment terms and delays are pushing the limits for many small businesses which depend on incoming cashflow to pay their own suppliers and staff on time. Indeed, surveys show that more than 70 per cent of small businesses expect cash flow to be an issue to their operations.
Many debt financing options for SMEs can be restrictive with prohibitive terms or finance rates, as those who have had to provide guarantees against their personal assets can attest.
Submit copies of your invoices to your Invoice Factoring NZ and receive up to 80% of the value of those invoices into your bank account. Your customers pay your us, and we then releases the remaining 20% to you. Keep submitting invoices for continuous cash flow. Invoice finance is for businesses that provide goods and services to other businesses on credit. If your customers are a mixture of private individuals and commercial, only invoices to your commercial customers will be funded against. Most of the time you do not put up any personal property as security. Your business provides the security and there will need to be guarantees from the directors of the business.How does it work?
What businesses are suitable for invoice factoring?
What security would I need to provide?
You can choose whether to get funded against the invoices for one, some, or all of your customers. For your selected customers, you do need to fund against all of their invoices so that they only have one bank account to pay into. Most invoice finance facilities are disclosed, meaning that your customer is aware that they are paying their invoices into the bank account of a finance company. If strict criteria are met, you may qualify for an undisclosed or confidential factoring facility. The administration fee settled on will vary depending on the size of the facility, number of debtors, invoicing cycles and other characteristics of the business and the industry you are working in. Fees may range from 1% to 5% of the face value of invoices submitted for funding. Interest is charged only on the amount borrowed (not the facility limit) and is comparable to the before-fees interest rates of bank overdrafts.Do I need to submit all of my invoices?
Do my customers need to know that I am factoring?
What does it cost?
Invoice Factoring NZ operates from their Auckland and Whakatane offices and has the clout of this New Zealand icon company to support its factoring operation. We are also able to provide vehicle, plant and equipment and property loans directly from Asset Finance.
We are not a bank, you are not a number
While New Zealand banks are very good they will always lend on their terms only and do not have the same flexibility that our specialist invoice finance company does. We learn our client’s idiosyncrasies and adapt our facilities to suit individual needs in the spirit of partnership.
Professional yet flexible
We have professional, international grade systems and an interactive client portal that enables us to provide headache free funding solutions. Our flexibility in no way compromises the professionalism that Asset Finance has been delivering to customers for many years.
Competitive rates
Factoring with Invoice Factoring NZ does not need to be expensive as our tried and proven systems serviced hundreds of New Zealand clients in the past. We charge a simple interest rate and a single admin fee based on invoice value. If your invoices are paid within 90 days this is it, we do not charge additional fees when an invoice goes to 30 or 60 days as many other New Zealand factoring companies do.
Your Fielding Accounts Receivable Lending Specialists
We provide Invoice Discounting services.
We provide Invoice Factoring services.
We provide Invoice Finance services.
We provide Invoice Funding services.
We provide Accounts Receivable Factoring services.
We provide Accounts Receivable Financing services.
We provide Debt Factoring services.
We provide Debtor Finance services.
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