Leading Invoice Factoring, Invoice Finance & Funding Service in New Zealand

Invoice Factoring in New Zealand

Your Local Invoice Factoring NZ Specialist

Invoice Factoring in New Zealand

More than 97% of NZ businesses fall into the SME category and they employ 30% of our country’s workforce. So whether they thrive or fail has a big impact on our economy.

In Australia, businesses are waiting nearly eight weeks to be paid by other companies, with the average invoice payment time rising to 55 days for the first quarter 2013. In New Zealand, it currently stands at 43 days – still too long for those needing to pay staff and with their own suppliers demanding payment on 20th of the month terms.

Increasing payment terms and delays are pushing the limits for many small businesses which depend on incoming cashflow to pay their own suppliers and staff on time. Indeed, surveys show that more than 70 per cent of small businesses expect cash flow to be an issue to their operations.

Many debt financing options for SMEs can be restrictive with prohibitive terms or finance rates, as those who have had to provide guarantees against their personal assets can attest.

Invoice financing, or factoring, is an option that is growing exponentially worldwide, but is still in its infancy in New Zealand. Factoring is a financial transaction whereby a business sells all or a portion of its accounts receivable (invoices) to a third party (called a factor) at a discount, in exchange for immediate money with which to finance continued business.

The NZ factoring market is currently at $1billion and growing, while in Australia is it has been valued at $78 billion.

Asset Factors is one of New Zealand’s leading specialist business financiers.

Our service focuses squarely on the smaller SMEs who benefit most from improved cash flow using their main asset, unpaid invoices. We’ve the advantage of extensive experience and cutting edge software that provides real time transparency through a unique online client interface.

About Us &

What We Do

Asset Finance Limited has been supporting New Zealand small business for over 20 years and is a non-bank issuer governed by the Reserve Bank. Its professionalism is unquestionable and its reputation on the New Zealand business markets is impeccable. Asset Factors operates from their Auckland and Whakatane offices and has the clout of this New Zealand icon company to support its factoring operation. We are also able to provide vehicle, plant and equipment and property loans directly from Asset Finance.

We are not a bank, you are not a number

While New Zealand banks are very good they will always lend on their terms only and do not have the same flexibility that our specialist invoice finance company does. We learn our client’s idiosyncrasies and adapt our facilities to suit individual needs in the spirit of partnership.

Professional yet flexible

We have professional, international grade systems and an interactive client portal that enables us to provide headache free funding solutions. Our flexibility in no way compromises the professionalism that Asset Finance has been delivering to customers for many years.

Competitive rates

Factoring with Asset Factors does not need to be expensive as our tried and proven systems serviced hundreds of New Zealand clients in the past. We charge a simple interest rate and a single admin fee based on invoice value. If your invoices are paid within 90 days this is it, we do not charge additional fees when an invoice goes to 30 or 60 days as many other New Zealand factoring companies do.

Invoice Discounting

We provide Invoice Discounting services.

Invoice Factoring

We provide Invoice Factoring services.

Faster Cashflow Means More Working Capital

Invoice Finance

We provide Invoice Finance services.

Invoice Funding

We provide Invoice Funding services.

Accounts Receivable Factoring

We provide Accounts Receivable Factoring services.

Accounts Receivable Financing

We provide Accounts Receivable Financing services.

Debt Factoring

We provide Debt Factoring services.

Debtor Finance

We provide Debtor Finance services.

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