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What is Invoice Factoring?

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Invoice Factoring NZ

Factoring Offers On-Call Access To The Funds That Are Tied Up In Your Company's Accounts Receivable Ledger

Invoice Factors offers a Factoring service to businesses in New Zealand who need cash for funding the growth of their business or help to meet their daily financial requirements.

As a provider of Invoice Factoring, we assist businesses with converting their sales on credit terms into cash flow immediately.

We focus on sole proprietorships and small to medium business and strongly believe in providing high quality, affordable Invoice Factoring to help them succeed and grow their businesses, and help the local economy succeed and grow also.

  • Factoring Facilities Adjust as Your Business Continues to Grow
  • More Funding Potential Compared to Bank Overdraft Facilities

Paying suppliers early or on time means you can negotiate or avoid late payment penalties or take full advantage of prompt payment discounts.

How does factoring work?

The Factoring Process

  • When your invoice run is complete, all customer invoices can be copied and forwarded to Invoice Factors.
  • You will receive an overdraft type payment totaling 80% of all customer invoices minus applicable service fees.
  • A direct payment to Invoice Factors will be made by your customer.
  • A drawdown of the remaining 20% will be left for you.

The Cost of Factoring

Each facility will pay an administration fee of all invoices provided and this fee will be between 2-5%. The administration fees will cover a variety of expenses associated with sending statements, receipting cash, chasing payments, liaisons between you and your clients, and the processing of drawdowns and invoices.

There will be an approximate 0.25% per day fee charged for each day past-due.

 

About Us &

What We Do

Invoice Factors services the entire country of New Zealand.

We can provide funding for clients for almost every major industry including manufacturers, distributors, service providers, importers, construction, medical providers, and transportation for both large and mid-sized businesses.

Invoice Factors is focused on offering financial services to mid-sized and small businesses. Offering invoice factoring services is the core product that we provide but we will provide equipment and plant fundings, vehicle financing, and also lease to buy services to allow your customers to buy from you.

We provide funding to a wide range of different industries and provide flexible funding requirements that a majority of businesses that sell products or provide services can qualify for easily.

We are able to fund customers for almost all major industries, including manufacturers, distributors, service providers, importers, construction, medical providers, and transportation large and mid-size businesses.

Call us on 0800 002 453 today so we can discuss how invoice factoring can help your business.

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