Invoice Financing Becomes 'Fashionable'

If the amount of expensive advertising being done by the banks at the moment is anything to go by, it would appear that, all of a sudden, invoice financing or ‘factoring’ has become extremely fashionable. The professional team at Working Capital Solutions have considerable experience in this area and are dedicated to the continual supply of our professional and dynamic invoice finance products in the support of New Zealand companies. Working Capital Solutions is a locally owned business financier based in Auckland, New Zealand and 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. This particular form of providing cash flow liquidity is certainly not new or fashionable to them, or their customers.

As Kimberley Hill of Kimberley Hill Management says, “Working Capital Solutions have become a key partner to Kimberley Hill Management. We operate in an industry with little financial certainty and prolonged payment terms sometimes exceeding ninety plus days. Factoring with Working Capital Solutions has provided cash flow liquidity which has enabled us to pay our valued models and talent in faster succession than most others.

Edward and the team have been a pleasure to work with and I would gladly recommend their services.”
Joanna Wilson of The Ultimate Recruitment Company is another very satisfied recipient of Working Capital Solutions’ extremely capable financial expertise and has been for some time. As Joanna says, “The relationship with Working Capital Solutions makes my life easier – it is as simple as that! They are always quick to respond to my needs and give me a high level of confidence that Ultimate’s business is in good hands. Edward and his team genuinely care about their clients, and I have appreciated their willingness to tailor their approach to accommodate the specific needs of our business.”

Although invoice finance has only recently become 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 are converted to cash and paid to the company in the form of a flexible overdraft. The overdraft is repaid by the debtors of the company and new funds are re-drawn as new invoices are produced. Invoice finance converts your business to a cash business and provides the precious cash flow your business needs for growth.

For further information on invoice financing, please visit their website at http://www.workingcapital.co.nz.