INVOICE FINANCE / CASH CONNECTOR
Turn your unpaid sales invoices into cash
Connect your accounting software for quick, easy access to funds in 24hrs.
What is Cash Connector?
Cash Connector makes it easy to access the funding locked away in your unpaid sales invoices. Similar to an overdraft you can access funds as you need to. It’s simple to apply and only takes 5 minutes to connect to Cash Connector with your accounting software. Once connected you can see the same information across systems – saving you time. You can also pick and choose the customers you’d like us to fund against, giving you the freedom and flexibility to manage your cash flow the way you want
Don’t use an online accounting package?
Don’t worry! Call one of our friendly finance specialists today. They can help you find a finance solution that fits you.
What are our customers saying about us?
For us, the real advantage of invoice finance is that we can offer longer payment terms to customers thanks to ScotPac.
ScotPac make the effort to understand us and really partner with us. Its a lot more flexible than dealing with banks.
ScotPac have assisted a number of our clients in time critical situations and are highly experienced cash flow lenders.
We think of ScotPac more than just a Financial Services provider, they care enough to know our business and as such we are more like partners
It’s growth funding that gets us the best from our working capital, which covers materials, wages and other costs while we wait to be paid for our goods.
The finance you need to move with the times
- FUNDING AVAILABLE IN AS LITTLE AS 24 HOURS
- FUND NEW AND PRE-OWNED ASSETS
- FUNDING FOR IMPORTED EQUIPMENT
Fast, flexible and personalised Home Loans and Business Loans for Business Owners
- FAST SET UP – CONDITIONAL APPROVAL IN AS LITTLE AS 48 HOURS
- FLEXIBILITY ON DOCUMENTATION REQUIREMENTS
- USE YOUR RESIDENTIAL SECURITY FOR FUTURE BUSINESS BORROWING
Our Invoice Finance solution allows you to access the cash in your unpaid invoices
- LINE OF CREDIT WITH NO NEED FOR PROPERTY SECURITY
- UNLOCK THE VALUE IN YOUR INVOICES
- FACILITIES FROM $10K TO $150M
Trade Finance provides a cash flow injection to help manage the import or export of goods
- PAY OVERSEAS AND DOMESTIC SUPPLIERS
- INCREASE STOCK LEVELS AND EXTEND PAYMENT TERMS
- SELL TO OVERSEAS CUSTOMERS
Is Cash Connector right for me?
Cash Connector helps lots of businesses, you just need to meet this criteria, and as with any other business finance, it’s subject to approval.
- You invoice other Australian companies
- You have been trading 6 months or longer
- You have unpaid invoices totalling $10k or more
- You invoice only after the work is complete
- You are an incorporated company
- You use Xero, MYOB or Quickbooks
We find a way to say “yes”. We’re nimble and inventive with our funding solutions by unlocking the hidden value in your assets.
Frequently Asked Questions
HOW MUCH DOES CASH CONNECTOR COST?
Cash Connector offers highly competitive rates which are tailored for each business. Unlike some other providers, you only pay a fee on the funds you draw.
WILL APPLYING IMPACT MY CREDIT SCORE?
Creating a Cash Connector account will have no impact on any credit scores and is obligation free. However, a credit assessment is required prior to making funds available. Cash Connector will only perform the credit enquiry when you let us know you would like to proceed.
WHY DO I NEED TO CONNECT MY CLOUD ACCOUNTING SOFTWARE?
Connecting makes the application process simple, fast and efficient. The integrated system makes bookkeeping a breeze and removes the hassle of administration.
Should you choose to proceed with Cash Connector, the integration is kept live to automate the ongoing credit line. If you choose not to proceed, simply disconnect.
I DON'T HAVE A SUPPORTING ACCOUNTING PACKAGE, CAN I APPLY?
Yes, ScotPac provide a range of other solutions that can help. Please enquire now or call us on 1300 665 457.
WHAT ABOUT DATA SECURITY?
Your data is transferred using industry standard 256-bit TLS encryption technology. Cash Connector houses your data within an Australian data centre, configured with multiple firewalls and network intrusion detection technology.
HOW DO I NOMINATE CUSTOMERS?
Nominating customers is easy. Once approved by Cash Connector, you can choose which customers you would like to fund from your dashboard.