Grapple Utilised Across Business Sectors

Published: 10/02/2021

Over the last 18 months, Grapple has been able to work with businesses across many different industries. The flexibility of Grapple’s proprietary platforms makes it easy for businesses to get get the kind of financing that they need. Grapple doesn’t believe in one-size-fits-all service, which is why we work closely with our clients to provide them with the business financing that they require and remain flexible as their needs change. We offer a range of options in our invoice financing platform, including no lock in contracts, single invoice funding, and a full facility line of credit for large companies.

Here are four examples of how businesses in different industries and at different stages of growth utilise Grapple’s solutions.

Industry: Technology/Businesses Services

BAS Technologies provides managed services and project support specialising in database systems, with a focus on the health, government, retail and education sectors. They use on-demand invoice financing through Grapple to help manage their cash flow, financing invoices ranging from $10,000 to $50,000. The flexibility of GrappleOne is unrivalled, allowing SMEs to easily fund a small number of invoices as and when they come up. Not having to wait out the payment terms negotiated with their clients, means BAS Technologies always has the cash necessary to focus on growing their business.

Industry: Labour Hire

RampUp Talent, a telecommunications recruitment specialist, knows that managing cash flow for a labour-hire company is a key driver of success in their industry. Grapple makes it simple to fund payroll by providing finance backed by accounts receivable, bridging the gap many labour hire companies struggle with. Once the time sheets have been approved, the invoice is uploaded to Grapple’s system and the client can receive payment as quickly as the same day.

Industry: Cleaning/Hygiene Product Distribution

As a successful distributor of cleaning and hygiene products, TBC Distribution experienced rapid growth in product demand in the last 12 months. Having a facility with Grapple meant that they could meet the growing demand and successfully navigate a changing marketplace. GrapplePlus facilities backed by the business’s account receivable ledger allow funding to increase organically along-side business growth.

Industry: Construction Materials

Another GrapplePlus client services a range of clients from small construction projects to large civil developments. Starting a facility with Grapple allowed the business to easily manage their cash flow and focus on growth without always waiting for customer payments. As their sales grow so does their ability to receive financing through Grapple.

Invoice financing is a great solution but it’s not suitable for all industries

Not all industries can make use of invoice financing. For example, companies with cash sales, related party transactions, progress payments or permanent placements with a staffing agency won’t be able to use this form of funding.

But those in the industries below are great candidates:

• Transport
• Farming/Primary producers
• Wholesalers
• Suppliers to large corporations
• Professional services firms
• Civil earthworks
• Distribution
• Printing
• Recruitment/Labour hire
• Manufacturing
• Food and Beverage

We’re constantly developing our products to improve the user experience and make attaining business finance a seamless experience. There are many benefits of using invoice financing over traditional funding sources. Visit the grapple website to learn more about funding your business or learn about partnership opportunities if you know of a business that could use our services.