MEDIA RELEASE
INVOICE DISCOUNTING

The revamped financial product that is growing better than 30 percent.

Oxford Funding has experienced an upsurge in the use of its Invoice Discounting product since it was revamped six months ago.

The lift in use is due to the way Oxford Funding has made two big changes compared to the market:
? Selective discounting where customers can now choose which of their debtors to select for this service instead of having to submit all debtors, which means saving money.
? Concentrations of larger debtors where Oxford Funding does not have theindustry standard of a 30 percent limit.

‘These changes were made deliberately to make us a lot more competitive,’ says Oxford Funding¹s Rob Lamers. ‘We’re now becoming associated with this type of product which in the last six months has become a big seller for us. And the amount of business we¹re writing is well ahead of the 30 percent industry growth rate for this area.

‘It meets market needs because of the ability to select and the capping removal as well as the confidentiality advantage.

‘Our now being part of the Bendigo Bank gives us a substantially improved operating platform due to the better cost of funds. Our Invoice Discounting product is now very competitive and is a great example of we are moving forward.’ Lamers said.

ENDS

Contact Oxford Funding on 1800 850 509 or www.oxfordfunding.com.au
More media information: Rob Lamers (03) 8414 7600

Back to Media Releases