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Discussing the Cash Gap with Earlypay

Updated: Aug 23, 2023


Cash Gap with Earlypay

Cash Gap with Earlypay


As a labour hire or contractor management business, you would be acutely aware of the dangers cash flow problems pose to your operations.


Waiting weeks for your clients to pay their invoices (with credit terms potentially in excess of 45 days), while you have to pay your contractors within 14 days can bring about a significant cash gap — which is very difficult to bridge without the right management process and financial tools.


Think about it — if you’ve just paid a contractor for work they completed two weeks ago, but your client has been offered payment terms of 45 days, you still need to wait 31 days before you’ll see any revenue come in for that particular job. This essentially leaves you out of pocket until your client pays the invoice.


A common issue that makes this cash flow gap even wider is when your clients do not approve timesheets in a timely manner. If you have paid your contractor before your client has even approved the timesheet, you could be out of pocket for months!


The Solution to Your Cash Flow Gap


At Platinum WFM, we are thrilled to present our comprehensive solution, powered by Earlypay, designed to supercharge your cash flow while providing unparalleled contractor care and invoice finance.


Supercharge Cash Flow with Managed Contractor Care and Invoice Finance


Are cash flow delays holding back your business's growth and potential? Imagine a world where these hurdles are a thing of the past. With Platinum WFM and Earlypay, you can set your business on a trajectory of success, scalability, and profitability. Our combined offering tackles the most pressing challenges faced by businesses today – ensuring smooth contractor management and unlocking swift access to cash.


Streamlined Contractor Management System


Our Contractor Management System is meticulously engineered to streamline your entire back-office process, from onboarding to payroll and reporting. No matter the complexity of your business requirements, our end-to-end solution guarantees the efficiency and accuracy you need. Imagine saying goodbye to administrative bottlenecks and hello to a seamless, integrated process that works for you.


Key Benefits of Choosing Platinum WFM & Earlypay

  1. Scalability for Growth: Our solution is built to grow your business, giving you the confidence to expand without limitation.

  2. Branded Portal & Systems: Showcase your brand with pride through a customised portal and systems, enhancing your credibility and capability.

  3. Integrated Processes: We eliminate admin headaches by streamlining processes, allowing you to focus on what matters most.

  4. Unlock Unpaid Invoices: Access cash tied up in unpaid invoices, ensuring your cash flow remains consistent and reliable.

The Platinum WFM Advantage


Our dedication to excellence sets us apart:

  • Streamlined Timesheet Management: We actively engage with your contractors, ensuring timely timesheet submission to optimise your cash flow process.

  • Client Approval Management: Our dedicated team follows up diligently on client approvals, expediting invoicing and putting your funds in motion.

  • Automated Invoicing Efficiency: Our cutting-edge system generates and dispatches invoices automatically upon approval, providing a seamless invoicing experience.

Earlypay's Instant Cash Access


With Earlypay's Invoice Finance Facility, you're in control of your cash flow. Gain immediate access to cash as soon as invoices are issued, empowering your business growth.


The Benefits Await Your Business

  • Contractor Retention & Satisfaction: Enhance relationships with your contractors by ensuring timely payments, boosting retention and satisfaction.

  • Credibility & Capability: Elevate your brand with a state-of-the-art onboarding, timesheet, and payroll management system.

  • Cost-Neutral Solution: Funded by your client margin, this solution won't strain your budget.

  • Administrative Burden Lifted: Say goodbye to time-consuming admin tasks and focus on strategic business priorities.

  • Rapid Access to Cash: Forget waiting weeks or months for payments; access your funds within days.

Ready to Transform Your Business?


Your success is our priority, and we're excited to help you streamline your processes, enhance your cash flow, and supercharge your business growth. To learn more about how Platinum WFM powered by Earlypay can revolutionise your operations, Enquire Now or contact us today at 1300 241 850 or hello@platinumwfm.com.au.


Take that pivotal step toward a more prosperous future. Let's unlock your business's full potential together.

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