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MEDIA
RELEASE Australia’s leading debtor financing specialist has released an all-new product which will raise the level of invoice factoring to small and medium enterprises. Oxford Funding’s Invoice Xcelerator is a non-recourse factoring product which will lift the standard of the Australian factoring industry. Invoice Xcelerator is a financial solution to a business’ working capital and trade credit insurance needs. It provides 90 percent funding against Accounts Receivable and then assumes the risk of the customers not paying. I0 f the customers cannot pay, Oxford Funding takes the risk. As well as providing cash flow, this all-new product provides an alternative to trade credit insurance without annual premiums, no excesses nor long term contracts. Invoice Xcelerator is available with flexibility where the facility grows with the individual business paying for only what is needed, whether this is to be used regularly, irregularly or a once-off. Clients choose which invoices they require funding and credit protection. They are not required to factor all of their invoices. ‘This new product reflects an overseas trend which we’ve now introduced into Australia,’ says Oxford Funding’s Rob Lamers. ’Non-recourse factoring in this form has been very popular in the US and Europe, and now local Australian businesses are able to access the service. For further details on our Loyalty Scheme, contact one of our Business Development Professionals ‘The advantages of Invoice Xcelerator includes true flexibility where we can provide funding and credit protection against just one or all of a company’s customers. And that opens up a new era into this industry in Australia. ‘With many SMEs needing a reliable funding service for debt factoring, this is the product which Australian businesses have been waiting for. ‘Invoice Xcelerator is a premier debtor financing product which has introduced a new way such businesses can now expand without the stress of being paid.’ Lamers said. Contact
Oxford Funding on 1800 850 509 or www.oxfordfunding.com.au |
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