We are a large, privately-owned rail construction company. We supply rail infrastructure construction to medium to large scale multi-disciplined projects for light rail, metro, passenger, freight, heavy haul and crane rail. We have offices across Australia, in New Zealand and further afield, managing up to 1,000 people.
We first looked for a new finance facility as we were changing our funding model from private to institutional investors. This created a need for a short term funding solution as a stop gap. And we have definitely found it to be effective.
I love the flexibility in that we can pick and choose which invoices 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, I will definitely keep the facility open. If I need a cash boost to the business, I can generally have it into my account in under 24 hours. I would absolutely recommend Apricity to other businesses.
Group Financial Controller
Rail Infrastructure Firm