The PRWIRE Press Releases https:// 2017-02-01T06:21:18Z Business insurance scheme for panel shops kicked off 2017-02-01T06:21:18Z business-insurance-scheme-for-panel-shops-kicked-off Business Insurance scheme for Panel Shops kicked off! Hundreds of panel shops are interested in having their next business insurance renewal quoted with Australian Factoring Company who has partnered with a motor trades specialist Insurance Broker.  Jane Muir, who has many years’ experience in the insurance / finance industries, heads up the new AFC Insurance Solutions division working with panel shops and the Broker to make the process of organising Business Insurance as simple as possible. We worked hard researching the market and developing this product in 2016 and we now have our first few happy panel shops insured with the right cover and solid savings. For some promotional fun, we offered a $500 Bunnings voucher and the winner was Scott at St Kilda Village Smash Repairs. Scott was over the moon, and all it took to win was a quick chat to register his interest! says Jane. Walter Rapoport, Director at AFC says…we spoke to hundreds of panel shops before we created this product…the feedback was that business insurance is often confusing and expensive! We now have the expertise, via our appointed specialist Broker, to genuinely assist panel shops. AFC is Australasia's largest provider of factoring services to the panel shop industry and is developing a number of new initiatives to further service and support the industry. Insurance Solutions is just one of those new initiatives with to be released this year. Meet the AFC team at their booth at the Collision Repair Expo 6-8 April 2017 in Melbourne. Australian Factoring Company swallows two more competitors 2016-06-01T01:48:22Z australian-factoring-company-swallows-two-more-competitors Release Date:  1 June 2016 Australian Factoring Company, headed by Rael Ross and Walter Rapoport, have continued on its expansion plans and has announced the purchase of the Avoca Factors book of clients as of 1 June 2016.   Avoca, and its predecessor Akling, have provided continuous service to the industry in excess of 30 years. Avoca’s customers are concentrated predominately in Victoria and this purchase by AFC has cemented its position as the largest cash flow funder for the smash repair industry in Australia. The Avoca Factors purchase complements the acquisitions of the Bendigo & Adelaide Bank panel shop factoring business last year, and the purchase of Active Factors in January this year. AFC’s scale has enabled it to offer the most competitive pricing and has recently expanded its state-of-the-art IT systems to accommodate its growth; these systems have enabled transactions between AFC and panel shops to be seamless and highly effective. AFC, by dint of now providing services beyond just factoring insurance company invoices, has been receiving applications for cash flow funding on a regular basis from all parts of Australia.  The company maintains that less than a day can elapse from receiving an application from a repairer to actually begin factoring for the panel shop. ENDS About Australian Factoring Company Australian Factoring Company predominantly services the factoring needs of the smash repair industry. They have also diversified into other products for the Industry. As the largest in Australia, its processes and procedures have been adopted and implemented from the best practices recognized in the Industry. Its personnel are highly qualified, trained and motivated to provide outstanding service to its panel shop clients.   For further information: Contact Rael Ross or Walter Rapoport Australian Factoring Company Phone: 1300 AFC NOW Direct Phone: 03 9523 6100 Fax: 1300 AFC FAX www.australianfactoringcompany.com.au Australian Factoring Company acquires Bendigo Bank factoring portfolio 2015-08-25T04:08:53Z australian-factoring-company-acquires-bendigo-bank-panel-shop-factoring-portfolio   PRESS RELEASE 25/08/2015 FOR IMMEDIATE RELEASE Australian Factoring Company acquires Bendigo Bank panel shop factoring portfolio Melbourne, Australia Australian Factoring Company, Australia’s largest Panel Shop Factoring Company, today announced that it had acquired Bendigo and Adelaide Bank’s panel shop factoring portfolio. Australian Factoring Company’s core niche is the provision of a comprehensive suite of invoice based cash flow solutions designed specifically for the smash repair industry. Australian Factoring Company (AFC) director Rael Ross said “these competencies would be a boon to the industry Australia-wide”. Mr Ross noted that “there is increasing demand for the AFC style of business, indeed as there should be for any market sector, namely – service, reliability, and integrity.  It is important that we can provide all our panel shop businesses with flexibility and support to grow their panel shops, with the common constraint of cash flow finance resolved”. Co-director Walter Rapoport, said that “AFC had made significant investments in its business, in its people, its IT systems and, equally importantly, in its product offering, all of which have resulted in a very competitive pricing model for the company”. Rapoport said that “We have now reached the critical mass where we can plan to provide an even more comprehensive and exciting range of services to panel shops throughout Australia”                   ENDS About Australian Factoring Company   Australian Factoring Company services the factoring needs of the smash repair industry. As the largest in Australia, its processes and procedures have been adopted and implemented from the best practices recognized in the industry. Its personnel are highly qualified, trained and motivated to provide outstanding service to its panel shop clients.   For further information: Contact Rael Ross or Walter Rapoport Australian Factoring Company Phone: 03 9523 6100 Fax: 03 9523 6300 www.australianfactoringcompany.com.au