We are a large, privately-owned rail construction company with offices across Australia, New Zealand and further afield, with about 1,000 staff on our books.
Our primary role is supplying rail infrastructure construction to medium to large scale multi-disciplined projects for light rail, metro, passenger, freight, heavy haul and crane rail.
We first looked for a new finance facility as we were changing our funding model from private to institutional investors. As a result, we were in need of a short term funding solution as a stop-gap – something we have found to be really effective for our business.
One of the biggest benefits we have found is the flexibility that Apricity Finance provides, allowing us to pick and choose which invoices we would like to fund. Plus, there are no ongoing facility fees, which makes it really cost-effective. The facility has the agility and responsiveness we need to keep our business moving.
Even though our initial need is no longer an issue for our business, we are definitely keeping the facility open. At the odd time when we need a cash boost to the business, we can generally receive it in the bank account in under 24 hours. I would absolutely recommend Apricity Finance to other businesses.
Group Financial Controller
Rail Infrastructure Firm
If you would like to know more about how Apricity invoice finance is different from other facilities, please read here.