Invoice Finance

A true partnership

Invoice Finance is a line of credit against your outstanding invoices. It is effectively a non-collateralised overdraft facility (no bricks and mortar).
Invoice Finance is when a business sells its receivables debts (invoices) to a financier.
With full service Invoice Finance all information is usually disclosed. This helps greatly in the collection process.
The financier assists with the debt collecting. This frees up your A/R staff and is provided free of charge.

Anybody coming into the wine industry has to invest a lot in equipment. Return on capital in the wine industry is not great. Most of our customers are on open credit. So we invest in the inventory, we send it out, then we’ve got to wait 3-4 months before the money comes back in, so someone like AR (Cashflow)makes a big difference to us because a lot of that cash we can access immediately. There are a whole range of things that we can do to make things a lot easier for ourselves. Obviously outsourcing and minimizing capital investment is one thing, utilizing AR is another.

Ian Yarraman Wines