About BillFix
Elevate your financial ease with our cost-free fee funding option. Access professional services on your terms, with no additional charges.
At BillFix, we empower our clients with the financial flexibility to pay their professional fees in convenient instalments, rather than as an upfront lump sum. This way, you can still receive full payment within just 3 days.
Many businesses find it more convenient to make smaller, manageable instalment payments for their professional fees, as opposed to a single, large sum, which can have a negative impact on their cash flow.
Even successful businesses encounter unexpected disruptions in their cash flow from time to time. Offering access to professional fee funding allows your clients to navigate these challenges and reinvest their freed-up funds into their businesses. Meanwhile, your own business's cash flow will benefit from prompt and full invoice payments, eliminating the need to chase outstanding accounts.
How BillFix Works
Fee Funding Process
Download and Submit Agreement by Firm:
The firm downloads, completes signs and submits to Billfix the Firm Agreement Billfix approves the application and advises firm cap and client cap i.e. the maximum borrowing limit for each client and establish an overall maximum limit for the firm. Note if the client defaults the firm’s is only ever responsible for the unpaid principal and has no liability for interest or any other costs i.e. the firm partly refunds the fees received under the arrangement as has full recourse against the client for the outstanding amounts under the invoices.
Product Presentation to Client:
The firm may present the fee funding product to its clients, facilitating the download of the Client Agreement. This may involve explaining the terms, benefits, and any obligations under the agreement and the firms position in arranging the facility.
Client Agreement signed and first instalment paid:
The client reviews the Client Agreement and if acceptable, signs and returns the agreement to the firm. Client pays first instalment to Billfiix
Submission of Documents to Billfix:
The Firm submits to Billfix the signed Client Agreement with relevant invoices.
Review and Payment by Billfix:
Upon receipt Billfix reviews Client Agreement and invoices and if order pays the full amount of invoices financed to the firm within 3 days.