A: Invoice financing is a cash flow solution which allows businesses to draw down cash against outstanding sales invoices.
A: We provide invoice discounting service – both selective invoice discounting (only sell when you need to) or the whole turn over invoice discounting depending on your business needs. We also offer confidential invoice discounting, which means that your end customers will not be aware that cash has been advanced against sales invoices before payment has been received. Alternatively we can offer notification invoice finance where we fund and collect the invoices for you.
A: At InvoiceInterchange, we facilitate the sale and purchase of trade receivables between sellers and purchasers and do not lend money to companies. We are not regulated by ASIC but are registered as a Secured Party Group on the PPSR under the Personal Property Security Act 2009 (Cth) (PPSA) and qualify under Australian Transaction Reports and Analysis Centre (AUSTRAC) as a factoring service.
A: No, new businesses must first pass InvoiceInterchange’s assessment procedures before they are accepted as members of the platform and allowed to begin selling their invoices. For example, businesses must meet pre-determined minimum criteria and satisfy credit and anti money laundering checks.
A: There is no obligation to sell, no minimum usage. You can sell as many as you like – as and when you need to. Fees are applied only on sold invoices.
A: It typically costs between 1.5%-3.5% of the invoice amount. The actual fee percentage is determined by factors such as quality of debtor and prevailing cash rate.
A: We assess each invoice on a case-by-case basis. Invoices are usually issued to large well-recognised customers (e.g. listed companies, large private companies, government organisations). In general, our investors accept a wider scope of invoices than banks/traditional sources.
A: Only our community of registered Investors are able to view your business information. Our Investors are either institutional investors or Sophisticated Investors who have satisfied our strict assessment checks. They have also signed strict confidentiality agreements and therefore have a legal obligation to use this information solely for the purposes of bidding for your invoice. They are forbidden to share this information with any third parties.
A: If you have sold your invoice on InvoiceInterchange and received the agreed cash advance for the sale, you are contractually obligated to repay the amount owed (to the Investor) should your Customer not pay.
A: In most cases we can offer a non-disclosed facility. You continue to retain your customer relationship and credit collection.
A: We transfer cash over to you usually on the same day within 4 hours (*conditions apply) after close of auction. In some cases, it may take up to 24 hours.
A: Very secure (actually much more secure than it would be sitting on an average PC). Your data and files are hosted on Amazon AWS servers – the same highly secure and reliable storage servers used by many major global banks.
InvoiceInterchange’s website includes SSL encryption to keep your data safe. InvoiceInterchange’s product software and infrastructure are also secured with the latest security patches.