Have you heard how invoice finance helps small businesses in New Zealand?
Of course we know that cashflow is the lifeline of any business, so if your business is struggling with cashflow issues then maybe you need to take a closer look at alternative finance methods.
This is all about unlocking the funds tied up in unpaid invoices.
Invoice or debtor finance allows businesses to access the capital from sales already made, and having access to those funds allows you to thrive and to grow. If you’ve been struggling with cashflow issues then invoice finance might just be the financial solution you’ve been searching for.
Discover how invoice finance helps transform your business’s cash flow challenges into growth opportunities?
What Is Invoice Finance?
Imagine turning your outstanding invoices into cash today.
That’s essentially what invoice finance does. It’s an financial solution that allows you to convert unpaid invoices into immediate cash flow and with many of the funders you can even link it to your accounting software so you can get the finance on the same day that you raise the invoice.
No more waiting for the due date in the hope that you will be paid. Invoice finance doesn’t just improve liquidity but also provides a more flexible and efficient alternative to traditional financing options like the bank overdraft.
The process is straightforward. You work with an invoice finance provider who advances a significant percentage of your invoice value. You start by submitting your invoices to the provider and they evaluate the eligibility and advance funds based on the value of these invoices.
As a result, you gain quick access to cash that would otherwise be tied up for weeks or even months.
Furthermore, invoice finance is not a one-size-fits-all solution. Businesses can choose from various finance options tailored to their needs. Whether you opt for a complete all invoice option, or just getting funded on ad-hoc invoices as needed. Speak to a finance broker and you’ll find a method that aligns with your business model and goals.
By embracing invoice finance, you not only improve your cash flow but also enhance your ability to plan and execute business strategies. It’s a win-win scenario, offering both financial stability and growth potential.
Invoice Finance Is Designed To Support Business Growth
Here at Kiwi Edition we are all about supporting business growth and when it comes to finance, an option like invoice finance stands out as a real game-changer for many businesses.
It provides businesses with quick access to funds.
This helps enable businesses to get their cashflow sorted out so they can act on growth opportunities without any delays. Improved cashflow means you can tidy up existing debts, invest in new projects, hire additional staff, or expand your operations.
It’s one type of finance that can support business growth right from the early stages and continue as the business grows, and even during periods of rapid growth.
This supports your business with growth whereas traditional bank finance can constrain growth.
This type of finance is based on your invoice value so as your sales increase your ability to get funded also increases – automatically. It’s like having a financial safety net that catches you when cash flow constraints threaten to trip you up.
By removing the cashflow barriers, it allows you to focus on the bigger picture. This makes achieving your business goals easier so you can drive forward with confidence.
Getting Started is Easy
You should speak to your finance broker about the options.
Then it’s a simple matter of getting an application in so that you can get approved and get set up to access funds when needed.
You want to be ready to act when needed, and it’s a good idea to get an account set up now even if you do not think that you need any funds for weeks or even months.
