The Invoice Market (tim) has launched a new website featuring significant upgrades to its online client and funder platform.

In a further step towards simplifying cash flow financing for Australian businesses, tim, the peer-to-peer invoice financer, has completed an online overhaul and is proving popular with customers. With the ability to customise user’s best rates and assess extensive variables applicable to individual businesses, tim provides attractive rates with high levels of flexibility.

tim chief executive, Angus Sedgwick, is certain that alternative finance platforms and fintechs will disrupt the market and firms will have to be prepared to work harder.

“The simple availability of a platform will not create business flow,” he said.

“Much work needs to be done at the coal face to educate businesses about this source of funding. Since establishing tim, we’ve invested considerable time in ensuring clients and potential clients appreciate the benefits of tim’s online platform.”

Sedgwick commented on the new functionality of the new website, stating that there are a number of considerations that are critical to both clients and funders.

“Clients are most concerned about speed, cost and reliability and for the funder, it’s the ability to see a very clear and comprehensive analysis of the risk being funded, plus the ongoing management of the transaction,” Sedgwick said.

“Our platform seamlessly has a nexus between clients, tim and funders.”