Supercharging Your Business Growth With Smart Invoice Financing Strategies ft. Amanda Keneally from Earlypay | Episode 03 Artwork

Finance Fusion

Finding the proper financing solution for your business can be a long and challenging task, so here at Finance Fusion Podcast, we want to provide you with the tools and resources to approach this process confidently. We've gathered a group of industry experts, including successful business owners and financing professionals, to share their experiences and strategies for securing the funds necessary to grow one's business. Our goal is to help you navigate the constantly shifting world of business and asset finance.

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Finance Fusion

Supercharging Your Business Growth With Smart Invoice Financing Strategies ft. Amanda Keneally from Earlypay | Episode 03

July 03, 2023 • Louie Dib • Season 1 • Episode 3

In this episode of the Finance Fusion podcast, we have Amanda Keneally, State Manager for NSW/ACT of Earlypay, a lending company that provides Australian businesses with the cash flow and working capital they need to grow.

Amanda talks about business sectors that align well with invoice financing, how invoice financing transformed from a last resort to a cost-effective choice for businesses, and the flexibility in the assessment that Earlypay uses to determine business eligibility for invoice financing.

She also addresses common objections and concerns associated with invoice financing and talks about Earlypay's technological advantage in streamlining the invoice financing process, how it stands out to other new lenders, and strategies for mitigating the costs associated with invoice financing.

If you want to learn more about invoice financing and how it can help you achieve your business goals, make sure to tune in to this episode!

Timestamps:
00:00 Intro

00:04 Amanda's Role at Early Pay

02:07 Industries Where They Won’t Lend Money.

03:28 Amanda's Preferred Business Sectors

06:09 Shattering Stigma: The Evolution of Invoice Financing for Businesses

09:12 From Last Resort to Cost-Effective: The Price Revolution of Invoice Financing

11:31 Navigating the Storm: How the Business Fared During COVID-19

13:43 Flexibility in Assessment: Balancing Factors for Business Eligibility

17:18 Addressing Objections: Overcoming Concerns in Invoice Financing

20:41 Tech Advantage: Early Pay's Differentiation in Invoice Financing

24:27 Beyond Interest Rates: Exploring Banks' Approach to Invoice Financing