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FN Money offering Brisbane and Gold Coast Businesses a unique opportunity
Wednesday, August 22, 2012

Brisbane and the Gold Coast have seen dramatic development in recent years, yet try as we might, we are still behind other leading Australian cities when it comes to business efficiency and consumer happiness. While the mining boom saved Australians from the brunt of the global financial crisis, its effects were still felt in South East Queensland. Unable to maintain steady cash flows, businesses were forced to make employers redundant, causing a chain reaction that proved harmful to the regional economy. With banks in a state of turmoil acquiring loans was difficult and many businesses payed the ultimate price.  

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IFD Quarterly Analysis
Wednesday, August 22, 2012

The Institute for factors and debtors (IFD) is an Australian company dedicated to providing in depth analysis and assessment on the state of factoring in Australia. The institute releases a quarterly report that is informative and useful to both factoring companies and those that utilise, or are considering utilising invoice discounting or factoring services. The reports revealed some interesting trends and are a testament to the growth of the factoring industry. The March 2012 quarter saw a growth of 3.2 % in debtor financing turnover claiming a total of $14.7 billion. Of the $14.7 billion invoice discounting proved to be the most lucrative accounting for $13.5 billion while factoring turnover equalled $1.2 billion. This strong growth is largely due to the popularisation of Invoice discounting a service that offers immediate funds on outstanding invoices. Discounting has been immensely popular during the fall out from the global financial crisis, and has ensured the survival of many businesses that required immediate funds to stay afloat.  

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