Our business supplies skilled transport drivers to trucking companies. We operate throughout the North Island of New Zealand, providing casual as well as permanent drivers – often at short notice.
Our clients are big players with large scale freight and distribution needs and our scope of work can fluctuate according to this.
We have been in business for 11 years and over that time, maintaining steady cashflow has been the key issue we have faced. In fact, as we grew to supply larger businesses our cash flow become worse rather than better.
Our invoice terms are 7 days as our workforce is primarily casual and can vary. However, trying to push our invoices through our bigger clients became more and more of a headache. We were spending a lot of time chasing payments through various contacts and departments in order to meet our own obligations to our drivers.
As we continued to struggle with cash flow, our Accountant suggested invoice finance could be the way to go and put us in touch with Apricity.
Having an invoice finance facility has made a huge difference to our business (as well as our levels of stress) we have cash flow surety and a positive rating with the Bank. Our business is now operating in a much more stable environment – in fact we should have done it years ago!
Apricity have a simple and straightforward product. We have a really good relationship with them and we have great support no matter who we speak to, here or in Australia.
Director, NZ Transport Driver Business