Despite invoice finance only recently becoming popular in New Zealand, it is the oldest and most prevalent form of business funding used throughout the world. With invoice finance debtors on a company’s balance sheet being converted to cash and paid to a company in the form of a flexible overdraft. The debtors of the comp repay the overdraft and new funds are redrawn as new invoices are produced. Invoice finance can convert your business to a cash business and provides the precious cash flow your business needs for growth.
Trillions of dollars are funded using invoice finance throughout the world annually and it begs the question, why would you not give your business the added cash advantage of invoice finance or a factoring facility?
Reasons behind choosing invoice finance could be because funding is based on your sales, and is not a fixed limited that must be reviewed continually, your debtors are the security and there is no requirement for external property security, and you can use invoice finance on top of your other borrowing facilities.
Working Capital Solutions is a locally owned business financier based in Auckland. They are a specialist invoice financier offering the full suite of invoice finance products from the purchase of single invoices to large undisclosed invoice finance facilities.
“Our management team have had considerable experience in this area and are dedicated to the continual supply of our professional and dynamic invoice finance products with the support of New Zealand companies,” said Victoria Bernecker.
“We have developed cutting edge invoice finance software and platforms that are currently unmatched in New Zealand. Our systems allow us to manage our client's needs efficiently, creating transparency through our electronic reporting regime and online client interface.”
Although building a successful business is one of the most meaningful and rewarding adventures a persona can have it is also the loneliest, challenging and testing journey a business owner will go on. Most small business fail, but when they do succeed, they become and enduring expression of the founders’ vision. Working Capital Solutions understand the unique difficulties a business owner will have, and respect their struggle and celebrate their success.
Traditional finance companies tend to overlook the smaller businesses, although 90 percent of New Zealand businesses fit into this category, turning over less than a million dollars and employing less than five people.
“We are proud of the personal service that we can provide to small businesses and are in the business of assisting small enterprise with its funding requirements.”
For more information contact Working Capital Solutions on 0800 386 382 or info@workingcapital.co.nz.
