THE OXFORD ADVANTAGE

TRUE NON-RECOURSE FACTORING SUCCEEDS IN AUSTRALIA

Oxford Funding’s Invoice Xcelerator product released last year has proven a big success. The company is at the forefront of the Australian Debtor Finance industry and has thoroughly researched what is available overseas and then introduced the product into Australia. It is unique to Oxford Funding and is true non-recourse factoring.

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.

If the customers cannot pay, Oxford Funding takes the risk. As well as providing cash flow, this 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.

‘The success of this new product reflects an overseas trend which we 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 accessing the product.

‘The advantages of Invoice Xcelerator include true flexibility where we can provide funding and credit protection against just one or all of a company’s customers.

‘The success of Invoice Xcelerator is due to the way it meets demand and its popularity is reward for the innovation we applied by thoroughly researching it in the US.’ Lamers said.

Contact Oxford Funding on 1800 850 509 or www.oxfordfunding.com.au

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BUSINESS NEWS

OIL RISE DOUBLE HIT
Many analysts are becoming more vocal about the damage to the economy from the continually rising price of oil. This week, the price broke the $US70 per barrel mark. The wide-ranging effects include the much higher price of petrol taking spending away from many areas of the economy and the cost of oil imports to our already weak balance of payments as our oil self-sufficiency slides.

TAX REDUCTIONS LIKELY
Various business groups are now using all avenues to pressure for tax reform in the run-up to the federal budget. They are using figures like Australia has the third highest corporate tax rates in the OECD. So far, the Treasurer is predictably resisting promises but has indicated tax reform is high on his list of priorities which he can afford to deliver.

PUBLIC SECTOR DROPS
A fascinating new statistic for those interested in where our taxes go is how public sector employment has shrunk. In the past 20 years the public sector level of employment has reduced by over 900,000. Taking federal, state and local governments together, the public sector has fallen from 26 percent to 16 percent of total employment.

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