Forget ‘factoring’ & ‘discounting! Forget ‘receivables’ financing! If you operate a ‘fee for service’ business, discover the unique benefits of ‘Fee Funding’ Managing cash flow is critical for any business, irrespective of the economic cycle. In addition, important people resources are distracted from core business activity sorting debtor management issues. There are several options we can offer: ‘Fee from Returns’. Only applicable to accountancy firms where fees are settled from ATO refunds. Please visit www.refundfee.com.aufundfee.com.au. ‘Fee Collect’. Where clients can’t pay in full now, but are happy to agree to periodic payments over a short period. For accountancy, legal & other ‘fee for service’ firms, please visit www.feecollect.com.au. For ‘product supply’ businesses, please visit www.paymentcollect.com.au. ‘Fee Funding’. Currently only available for accountancy & legal firms. With Fee Funding, your firm receives 100% of the Tax Invoice being funded and your clients pay by monthly instalments, including interest costs. The funder manages the monthly ‘client instalments’.. Many of your clients would be familiar with this type of service as they would be using ‘insurance premium’ funding. The upside for your firm is money in the bank within 7 or so business days; enhanced cash flow; no debtor management distractions; and staff allowed to focus on core business activities. It’s important to recognise that Fee Funding is ‘limited security’ funding, with ‘recourse’ against the professional firm for any client ‘instalment defaults’. ‘Recourse’ is viewed as back-up security for the funder. As such, the funder will assess applications on the basis that the client, not the professional firm, can repay the loan. Longevity of accessing Fee Funding is about building a relationship with the funder, plus professional firms ensuring their clients have a healthy attitude towards meeting their repayment obligations. Funders will typically approve an initial ‘funding cap’ for the professional firm and work to increase this ‘cap’ as a successful relationship develops. There are several prudent steps that can be adopted to ensure continuity of your Fee Funding facility. Our ‘Welcome’ email, after sign-up, will provide additional information or you can chat with us at any stage. Also click here for helpful hints on debtor management. Next steps There is no cost to your firm to establish a Fee Funding facility. To proceed, click here to access & complete the online Enquiry Form. Based on the information provided, we’ll be able to assess which funder can best respond to your needs and we’ll contact you to discuss. About Fee Funding Australia Pty Ltd (ABN 22 127 779 006) (‘FFA’) Whilst FFA’s origins date back to the late 1990’s, our recent launch results in the coming together of several skilled executives in Fee Funding and consolidation of activities & client relationships under a common banner. Kev Ryan, ex-founder of Smartfee, is widely known throughout the accountancy community & has played a key role in the advancement of Fee Funding in Australia (). Kerry Henry, founder of FFA, assisted in the establishment of Profee Australia Pty Ltd (now owned by Lumley Finance) & remains an Authorised Representative of the Profee service (). Tony Ruppas, CEO of Audit Services Pty Ltd, is also an Authorised Representative of Profee, plus provides a number of niche services to the accounting & legal sectors (). Brent Christie has been involved with Lawfund’s fee funding service (). Our contact details are Phone: 1300 731 817. Fax: 1300 739 817. Email: . Postal: PO Box 20756 World Square NSW 2002. Our offices are located in Brisbane: 7 Prospect Street, Fortitude Valley QLD 4006. Melbourne: Suite 4, 15-17 Pakington Street, St Kilda VIC 3182. Sydney: Suite 2, Level 7, 541 Kent Street Sydney NSW 2000.