BizPay | A Better Way to Fund Contract Labour Hire

A New Way of Working

We live in an age of disruption where survival is increasingly predicated on a business’s ability to adapt to new products, services and processes.

In this context, one of the last bastions of the “old economy” (the traditional employment model) is now under pressure and the emerging “new economy” model of hiring specialist resources on a contract basis, to meet specific business needs is on the rise.

The underlying macro-trends driving this change are:

- An accelerating rate of change: which means that the full time staff hired to do a particular job, may not be required in 10, 5 or even 2 years time
- The impact of disruption: which mean that most businesses experience regular short-term demand for specialist skills to help them pivot to a new way of working that largely disappear when the transformation is complete
- The evolution of employment law: which is making it increasingly difficult for businesses to part ways with under-performing or functionally redundant staff
- Changing financial management practices: which make the idea of taking employee costs off balance sheet, increasingly attractive
- A change in employee expectations and aspirations: from securing “a job for life” to achieving a “work-life-balance” that includes greater control of one’s working conditions

The confluence of the above trends is rapidly pushing us towards a tipping point. One where the employment model that first emerged during the industrial revolution, is replaced with a whole new way of working.

KEY CHALLENGES FOR THE CONTRACT HIRING INDUSTRY

Product Details	BIZPAY	Other Market Products
Debtor Finance Facility Value	Unlimited	Limited
Invoice Advance Rate	100%	75-85%
Facility Term	N/A	6-24 month
Notice Period	N/A	> 1 month
Monthly Minimum	N/A	> $500/month
Recourse Period	After 120 days	90 days
Service Fees	N/A	$1000 - $5000/month
Administration Fees	N/A	> 1%
Management Fees	N/A	> $1000
Set up Fees	N/A	> $5000
Service Fee	0.75 - 1.5% per fortnight	Varied
Ongoing Facility Costs	N/A	> 0.5%
Special Conditions	N/A	Specified
Private Confidentiality	Shared Confidential Account Available	Unavailable

WHAT IS BIZPAY?

BizPay is a technology platform that solves cash flow issues associated with the hiring process. Our innovative financial products make BizPay the easiest way to grow your business.

Our frictionless, transparent & affordable solutions enable:

Professional Labour Hire and Recruitment firms to accelerate their business growth without being constrained by cash flow
Employers to recruit the talent they need through the Labour Hire or Recruitment firm of their choice

In what-promises-to-be the biggest disruption to hit the Contract Labour Hire Industry since it first came into existence, BizPay has all but eliminated the funding gap and unshackled firms constrained by their internal funding capacity.

KEY BENEFITS

BizPay for Contract Labour Hire Firms

Get 100% invoice funding in 24 hours.
The biggest problem in labour hire is having funds to pay weekly wages until your customers pay you.
We fund you 100% upfront so you can focus on securing more projects for your business.

How BizPay helps you

You get 100% funded within a day of issuing an invoice. For a fee of 1-3% per month, we’ll advance you your full invoiced amount within 24 hours of the issue of the invoice. BizPay is the only company that will offer you 100% of the required funds. The industry standard is a maximum of 75% upfront.

No lock-in contracts or hidden fees

With BizPay, we have only one simple fee of 1-3% per month so there are no hidden surprises in store for you, and you can end your BizPay service any time.

Lightning fast approval

The application takes only 2 minutes to complete and no financial information is required. You will get the application outcome in a day. When you request payment, you will only need a minute to upload the invoice to BizPay.

HirePay---Helping-you-hire-better-people

Easy 3-Step Process

Sign Up

Our simple form takes seconds. No financial info required.

Notify

Notify selected clients that you are assigning invoices to BizPay for collection.

Process

Complete the online application form and start uploading invoices for payment.

WHAT OUR CLIENTS SAY

BizPay Contract Labour FAQs

What is the fee payment process and schedule?

As an example, for a $100,000 invoice, which your company issues to a client, you will receive the full amount in 24 hour net of HirePay's small fee (e.g. 0.75% per fortnight) as per the payment schedule of your choice: