Xero waiting time with a Fuelled cashflow solution

At Fuelled we’re proud of our partnership with Xero to make cash flow management easier for small and medium-sized enterprises (SMEs).

Our solution gives SME owners a simple way to fix their cash flow problems by advancing invoices.This can be done safely and securely from a computer in a matter of minutes.

Read more about Fuelled + Xero

What is invoice financing?

What does ‘advancing invoices’ mean I hear you ask?

Well, the business model is called ‘Invoice Financing’ and it’s an oldie but a goodie.

The official definition is this: “Invoice financing is a way for businesses to borrow money against their outstanding customer invoices.

Invoice financing helps businesses improve cash flow, pay employees and suppliers, and reinvest in operations and growth earlier than they could if they had to wait until their customers paid them.”

At Fuelled we have used technology to make the service fast and convenient by integrating the Fuelled platform with Xero.

No more time wasted filling in forms or printing out your accounts to send on to the bank.

How does it work?

Creating a Fuelled account is free and you find out in a matter of seconds whether you qualify for the service, how much cash you can free up, and what the total cost is per invoice.

You can use Fuelled only when you need it; no lock-in to long term contracts or monthly fees. It is an everyday tool available to you when you need extra cash to pay bills or accelerate your growth.

So how does it work in practice? Put simply, you create your account and authorise Fuelled to read your Xero data.

Our platform does an immediate credit analysis and, if you qualify, lists the invoices that meet our criteria. You choose the invoices you want to fund, we provide a quote, and you click submit.

If this is your first invoice, there is some additional information we need to collect, mostly due to regulatory reasons (such as anti-money laundering legislation).

You typically receive the funds in your account the same day. The service is confidential and doesn’t interfere with your customer relationships.

‘Faster, Better, Smarter’

It doesn’t cost you anything to find out if Fuelled funding is available to you so that when the day comes that you’re running low on funds, you can login to Fuelled and release cash tied up in your unpaid invoices.

I suggest you give it a whirl! Introduction to Fuelled video