Pacific Working Capital Solutions In Australia

New Zealand invoice financier, Working Capital Solutions, has expanded into Australia with the opening of a Sydney office. Supported by one of the industry’s most experienced authorities, Australian Greg Charlwood, this locally owned business is cited to be a major new player. In the last seven years, the factoring industry in Australia has grown by over 82 per cent, yet it is still an untapped market. Small and medium businesses are most likely to benefit from invoice factoring, and in Australia, there are two million businesses of this size, compared to less than half a million businesses in New Zealand.

An estimated 100,000 of these Australian businesses meet the industry and size profile to benefit from invoice finance, however only 5000 businesses currently use it. Working Capital Solutions have moved across the Tasman to remedy this. Pacific Working Capital Solutions are a specialist invoice financier offering the full suite of invoice finance products from Full Service Factoring to Undisclosed Invoice Finance facilities. Their management team have had considerable experience in this area and are dedicated to the continual supply of their professional and dynamic invoice finance products in support of Australian companies.

Pacific Working Capital Solutions have developed cutting edge invoice finance software and platforms which are currently unmatched in Australia and their systems allow them to effectively manage their clients’ needs, creating transparency through their electronic reporting regime and online client interface.

Creating a successful business is one of the most meaningful and rewarding adventures a person can have, but it is also the most lonely, difficult and testing journey a person will ever go on. Most small businesses fail, but when they do succeed, they become an enduring expression of the founder’s vision. At Pacific Working Capital Solutions, they understand the unique difficulties a business owner will have and respect their struggle and celebrate their success. These businesses have invested savings, obtained credit from suppliers and probably have an overdraft secured by equity in their property. This cash resource is then invested in stock or a manufacturing process. The goods are then sold on credit and much of the scarce cash resource is tied up in unpaid invoices. During this time the business can’t actively grow as they don’t have the cash to fund new stock. With invoice finance, Pacific Working Capital Solutions provide 90% against outstanding invoices, and the effect of this kind of finance is that businesses can turn their scarce cash resource over 12 times a year rather than six.

For more information go to http://www.working-capital.com.au .