Business Introducer Copy. Funding Solutions

Transcription

1 Business Introducer Copy Funding Solutions

2 Benefits Why wait 30 days or more to get paid? We pay out up to 80% of the value of invoices raised within 24 hours Cash management is made easy with the ability to accurately predict the timing of receipts There are no monthly repayments to make our facilities are rolling and ultimate repayment comes from your customers Cash flow cycles are more even with peaks and troughs smoothed out Credit checks are completed free of charge on all funded customers Our clients are able to talk directly to the decision makers on their accounts We have been providing funding solutions to businesses Australia wide since 1985

3 Different to the Banks Paperwork is minimal A Cashflow Finance Business Development Manager guides each client through our straightforward application process Our prime security is the client s debtors Real Estate Security is not normally required We don t believe in making our client s wait Funding decisions are made quickly, to ensure our client s don t miss out on opportunities Our fees are similar to early discounts that most businesses are already familiar with

4 Products Product Notice of Assignment Post Invoices to Customers Telephone Chasing Statements to Customers Maintain Sales Ledger Drawdown Option Full Service Client attaches to Invoices Client or CFA CFA CFA Discretion CFA and/or Client CFA Discretion Own Service Client attaches to Invoices Client Client CFA Discretion CFA and/or Client CFA Discretion Confidential Service No Client Client Client CFA and Client Yes Invoice Discounting No Client Client Client Client Yes

5 Products and FAQs Full Service An ideal facility for small to medium sized businesses selling goods or services to customers on credit terms. We advance up to 80% of the value of invoice raised within 24 hours and follow that up with a professional collections service, ensuring that inward payments are received, processed and correctly receipted, all in a timely manner. Own Service For those clients who prefer to maintain regular telephone contact with their customers and perform their own collections service. We still advance up to 80% of the value of invoices raised whilst maintaining a full sales ledger and taking receipt of collections and remittances on our client s behalf. Monthly statements are issued to all live customers to complement the client s collections activity and our full collections service is available should any invoices become significantly overdue. Confidential Service For businesses that might not meet typical invoice discounting criteria, but where it is preferable for our involvement to remain undisclosed. We maintain a copy of the sales ledger, but all collections activity remains with the client, with inward payments being processed through a dedicated Cashflow Finance bank account. Invoice Discounting Typically confidential, this type of facility is ideal for profitable growing businesses with an in-house finance department and strong administrative systems and procedures. We advance up to 80% of the value of invoices raised, but all collections activity remains with the client, with inward payments being processed through a dedicated Cashflow Finance bank account. Clients take responsibility for their own sales ledger management, including reconciliation of their figures to ours at each month end. Purchase Order Primarily available to businesses importing pre-sold goods for onward sale to customers in Australia. We pay the supplier directly up to 80% of the price of the goods. Once the goods have been delivered to our client s customers, the accompanying invoice is assigned to us under a debtor finance facility. Frequently Asked Questions What is Debtor Finance? Debtor finance facilities enable businesses to raise funds against outstanding invoices rather than having to wait 30,45 or 60 days for payment. How will it help my business? It provides working capital for growth, enabling businesses to fulfill more orders or take advantage of early payment discounts to boost profitability, as well as the option to outsource collections and general sales ledger administration.

6 How Debtor Finance Debtor Full Finance Service Works 7. Following the month in which the invoice is paid, the unfunded percentage is paid across to the client less Cashflow s fees 1. The client completes work for their customer. 2. The client submits the invoice (or a copy) to Cashflow Finance 6. Cashflow Finance collects the invoice 3. On a random basis Cashflow Finance verifies with the customer that the details are correct 5. The client has the option of posting out the original invoice or leaving it to Cashflow Finance at no extra cost. 4. Cashflow Finance funds the invoice within 24 hours of successful verification.

7 How Debtor Finance Debtor Own Finance Service Works 7. Following the month the invoice is paid, the unfunded percentage is paid across to the client less Cashflow s fees 1. Client completes work for debtor. 2. The client posts out the original invoice to the customer 6. The client chases payment of the invoice but the proceeds are paid direct to Cashflow Finance 3. Client submits the invoice (or a copy) to Cashflow Finance 5. Cashflow Finance funds the invoice within 24 hours of successful verification. 4. On a random basis Cashflow Finance verifies with the customer that the details correct

8 How Debtor Confidential Finance Debtor Finance Service Works 7. The unfunded percentage of the invoice is paid across to the client less Cashflow s fees. 6. The client collects the invoices and pays the proceeds into a nominated locked box account 1. The client completes work for customers 2. The client posts out the original invoices to the customers 3. The client submits copy invoice batches to Cashflow Finance after they have completed the work 5. Cashflow Finance funds the invoices at the agreed percentage 4. Cashflow Finance checks the invoices and loads them onto a mirror sales ledger

9 How Debtor Invoice Finance Debtor Discounting Finance Works 7. The unfunded percentage of the invoice is paid across to the client less Cashflow s fees. 1. The client completes work for their customer 2. The client posts out the original invoices to the customer 6. The client chases payment of the invoice and pays the proceeds into a nominated locked box account 3. The client submits details of the invoice batches to Cashflow Finance 5. Cashflow Finance funds the invoices at the agreed percentage 4. Cashflow Finance adds the total of the batches to the rolling sales ledger total

10 Underwriting Criteria Client Criteria Financial Standing Systems and Procedures Additional Security Concentration Limits Nature of Debt/ Business Product Full Service No Restriction No Restriction May be required if one on one for $100K plus facilities and/or debt is contractual No Restriction No Restriction Own Service No Restriction Must have in house credit control capability May be required if one on one for 100K plus facilities and/or debt is contractual No Restriction No Restriction Confidential Service Min 2 year trading history Currently profitable Competent in house accounting function May be required dependent upon overall strength of proposition No one debtor to exceed 40% of sales ledger Simple product or service Real Estate Security required if debt is contractual Invoice Discounting Min 3 year profitable trading history & Positive Worth Competent in house accounting function First or Second Charge over Real Estate required to cover minimum 25% of facility No one debtor to exceed 30% of sales ledger Simple product or service No Contractual debt

11 Typical Industries Transport and Road Haulage Manufacturing Printing Engineering Temporary Labour Hire Plant and Machinery Hire Wholesale and Distribution General Service Industries

12 Situations Working Capital Funding for growth Start Ups Re-starts Turnaround Administrations Deed of Company Arrangements Management Buy Outs Company Acquisitions

13 Introduce Business We understand that your clients are your most precious asset All introductions are treated with the utmost care and respect We keep our business introducers informed from first meeting to pay out Our introducers can be confident that their clients will experience a fast, efficient and professional service But don t just take our word for it.give us a try! To find out more about our range of funding solutions call Dean Martin on Deal with the local decision makers Queensland owned and Brisbane based