Shift Trade + Sole:
Why we partnered with Shift Finance
At Sole, we believe in providing tools that empower businesses to manage their cash flow with ease and flexibility. That’s why we’ve teamed up with Shift Trade, an industry leader in business credit and payment solutions. Together, we’re giving Sole customers more control over their finances—whether you’re paying invoices on your terms or getting paid faster.
For Buyers:
Shift Trade improves the process of paying invoices so that timing can be optimised for both buyers and suppliers. Suppliers are paid up-front and buyers choose payment terms that suit their business and cash flow needs.
Pay invoices when it suits you
As a buyer, Shift Trade allows you to optimise your cash flow while still paying your suppliers on time. Shift pays your supplier the next business day while you choose a payment schedule that suits you.
Cost-effective. No establishment or account keeping fees. No transaction fee on invoices up to $20,000 on terms up to 14 days.
Simple. One account for all suppliers. No need to open multiple accounts for multiple suppliers. No requirement for your supplier to connect to Shift. Register online in minutes.
Flexible. For each invoice, you can choose to pay in full at a later date or choose to pay in weekly instalments up to 20 weeks, with the flexibility to further extend your terms.
Control. Take control by viewing and comparing the transaction fees for various payment options before choosing your term.
For Suppliers:
Shift Trade improves cash flow and eliminates credit risk by transforming accounts receivable.
Get paid the next business day
As a supplier, Shift Trade allows you to be paid up-front while still offering your customers payment terms that suit them and their business.
Improve cash flow. Shift remits 100% of your invoiced sales next business day.
Cost-effective. No establishment or account keeping fees. No transaction fee on invoices up to $20,000 on terms up to 14 days.
Eliminate credit and payment risk. Shift manages the credit risk of your buyers. You receive payment on every invoice. Shift Trade settles transactions on a non-recourse basis.
Drive sales by providing tailored credit to customers. The credit limit offered to your customers by Shift boosts their spending power which helps drive increased new customer acquisition, average order values and purchase frequency.
Fast to implement and easy to use. Available through a web-based platform or full API integration. Your account manager and Australia-based support team are available to support the transition of your accounts receivable program.
Enhance operational efficiency. Confidently dispatch goods, knowing that payment is assured. Eliminate paper-based credit applications, trade references and paid credit assessments. Reduce resources allocated to managing credit assessment, risk and payment collections.
About Shift
Shift builds credit and payment products that are designed for Australian businesses.
Shift’s credit and payments products allow businesses to take control of their cash flow, streamline trade terms and choose the right financial products for their ever-changing needs. They’re focused on bringing the same level of digitisation that consumers enjoy everyday, to the business world so SMEs can manage their finances with ease, flexibility and control.
Established in 2014, they’ve provided over $2.5b in funding to support the growth aspirations of Australian businesses.