6 Reasons to use Fee Funding

In my time visiting Firms in relation to Fee funding, I often get reasons to why they do not want to use this as a payment option. The main thing I love about what I do is being able to sit down face to face with these Firms and have a chat about their business, what type of clientele they have, any concerns or questions that may be bothering them and being able to offer them a solution to enable growth within their Firm. Some of the few issues that often come up;

We’re just too busy to look at this right now

SmartFee is designed to deliver growth for your firm. Our expertise, experience and exceptional customer service ensure that firms using SmartFee are achieving immediate impact to their bottom line. If you are “too busy” it means that talking with us is exactly what your NEED to do!

My client won’t borrow for our fees

They don’t have to. SmartFee is a payment option for your clients. They can pay you in full and on time if that’s the best option for them. If they prefer to divide your fees up over easier to manage monthly instalments or need to have an adhoc project completed, SmartFee is the perfect option and your client will appreciate that there’s an option. We have no application fees, our rates are comparable to similar finance options, the borrowing charges are tax deductible and we approve within 24 hours with no financials required.

Our clients always pay us eventually

SmartFee is about you getting paid ON TIME. There’s a cost to having outstanding debtors and as long as you accept non payment within terms as an option you will always carry that cost. Being paid on time, every time, frees up cashflow for the firm to invest in growth!

We don't have a debtor issue

SmartFee is considered a payment option for your clients rather than a debt collection tool. Your client can have the option to pay by your regular methods e.g Credit Card or BPay, or they can pay their invoice using easier to manage monthly instalments by using SmartFee. In saying that, SmartFee can fund an invoice up to 12 months old, so any slow payers can be offered this payment method to get back on track if needed.

We already provide a monthly instalment option

There are 2 key issues to consider here. 1st is your time. It takes time to follow up payment arrangements with clients, reminders of upcoming payments, following up on any missed or dishonored payments and negotiating deferral of payments. 2nd key point is cashflow. If you enter into a payment arrangement with your client, you ultimately have to wait until the end of the term to receive the full amount owing to you. With SmartFee we pay your firm upfront and in full for your invoice and your clients still have the convenience of being able to pay this off over time in monthly instalments.

We don't want an external party speaking with our clients

We have deliberately introduces direct communication with SME owners as a part of our approval process to ensure we build a connection with your clients. We do not believe that you should be having to chase up missed payments or following up on any enquiries. After all, that is our core expertise and a part of the value we deliver. We have found that this approach delivers high client satisfaction and low defaults. The feedback we get from our SME's is outstanding and the fact that we are a third party often means your client appreciates being able to deal direct without needing to bother their trusted advisor.?

If you are an Accountant or Lawyer and would like to know a little more about how we work and what we do please do not hesitate to contact me on 07 3310 2086 or on [email protected]. More information can be found on our website at smartfee.com.au.