News

The latest quarterly statistics published by The Debtor and Invoice Finance Association of Australia and New Zealand reported that for the year ended 31 March 2014 there was a $165.6 million increase in factoring turnover over the previous year. This is the fourth consecutive year since the GFC that the industry has witnessed year on year growth in factoring turnover from a total $3.272 billion in March 2010 to $5.74 billion in March 2014.

The growth of factoring highlights the extent to which SMEs are becoming aware of how they can leverage their unpaid invoices to provide working capital for their business. Debtor finance is ideal for many SMEs because it is a very flexible form of finance, and it easily responds to the fluctuations of a company's business activity.