APositive - workforce experts, specialising in funding and back office solutions
APositive are workforce experts specialising in funding and back-office solutions for recruitment, labour hire, and other contingent labour industries.
APositive offers a range of products designed to help business owners overcome cash flow or administrative challenges, allowing them to focus on their core activities. Think of APositive as a partner; their team of recruitment industry specialists will support you on your journey to success, providing everything you need to grow your business.
Whether you're starting or scaling your business, or just looking for some expert assistance, APositive has got you covered!
Some key features of the foundU and APositive integration include:
- Create accurate invoices fast - Use your payroll data to create invoices that factor in your wage costs and charge rates.
- Get funding in a matter of clicks - Automatically send your invoice to APositive and access up to 90% of your invoice funds, often within minutes.
- Keep your cash flow healthy - Access the money you've already earned, so you can easily pay your team on time.
In this article, we will cover:
- How APositive can benefit your business
- Connecting APositive to your foundU platform
- FAQs about APositive
For more information on APositive and their offering, book a demo, and we'll set up an introduction to the team!
Waiting on invoice payments while trying to meet payroll, manage expenses and scale your business can be challenging. That's why we've integrated with APositive to bring you a fast invoice funding solution. Invoice funding gives you access to cash exactly when you need it, so you can take on bigger jobs and grow.
If you're seeking specialists in workforce funding and back-office solutions tailored for recruitment, labour hire, and other contingent labour sectors, APositive is here to assist!
How the integration will work
If you have decided that APositive will benefit your business, the integration process will look like the following:
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- Book a demo to learn about the integration and get your account set up with APositive.
- Connect foundU in your APositive account.
- Enter your unique email address provided into Payroll Settings > Office Code > 'Invoice BCC Email' in your foundU platform.
- Issued invoices for that Office Code will now flow through to APositive for processing automatically! There's nothing else you need to do!
- APositive process and approves the invoice within minutes.
- APositive then funds your invoices, which you can view in your APositive account.
Once APositive has been connected to your foundU platform, your invoice data is pulled from foundU, verified against your Approved Shifts, and subsequently funded by APositive.
Benefits of APositive
With our industry-leading integration, you can access up to 90% of your invoice funds within minutes!
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- On-Demand Cashflow Management: Take control of your cashflow by unlocking funds immediately from your invoices, all seamlessly handled in the background through integration—no manual intervention needed and no need to wait for your clients to pay.
- Integration: The only invoice funding provider directly integrated with foundU, with automated data flow between both products, making it easy and free to set up.
- No Changes to your Invoicing process: Continue using foundU as you do now, with no modifications to how you invoice.
- Industry Experts: foundU and APositive understand the recruitment and labour hire sectors and have designed the integration specifically for them.
If you would like to see the above key features and an overview of APositive, then watch the video in the next section or check out APositive's website here.
The APositive-foundU integration has been designed to make funding your invoices more seamless, straightforward, and quicker than ever. It automatically sends a copy of your invoice to APositive simultaneously as it goes to the customer, with no extra effort required from you during the process.
Once received, the APositive platform retrieves data directly from the foundU platform to process and fund the invoice. This removes the need for you to upload invoices manually or forward them separately to APositive; everything happens when you send invoices to your customers. As a result, you'll spend less time on admin work and gain faster access to invoice funding.
To set up the APositive-FoundU Integration, you will need to do a two-step process of:
- Connect foundU to your APositive Client Portal.
- Add your APositive alias email address to the relevant Office Code in foundU.
To see the simple steps to set up your integration, watch our Initial Integration video below, or use the detailed steps provided underneath the video. This video also illustrates using the Integration itself!
Connect foundU to APositive
To connect foundU to APositive:
- Log in to your APositive Client Portal, then navigate to Settings > Connected Apps.
- Select the 'Connect' button next to the foundU integration option in the 'Available' box in
the 'Connected Apps' menu.
Please note: If you can't see this menu or the FoundU option within it, the APositive team will need to add this to your user profile. Please contact the team at APositive to organise this. - An 'Add FoundU Connection' pop-up box will appear. Enter your foundU portal name in the 'Customer' text box. Once you have entered your portal name in the text box, select the 'Connect' button.
Tip: Your portal name is the first part of your foundU URL. - You will be redirected to log in to your foundU account if you aren't already logged in. Once logged in, a confirmation message will appear, indicating that the connection is being established.
- Select the 'I have permission to Integrate this app into foundU' confirmation check box and select the 'Continue integration' button.
- Finally, a message will appear at the top of the screen advising that the integration has been successfully connected.
Add your APositive alias email address to the Office Code in foundU
To ensure the proper functioning of the APositive-foundU integration, you must also BCC your unique APositive alias email address on each invoice sent from the foundU platform.
APositive's Operations Team will provide your APositive alias email. However, if you do not have an APositive alias email or are unsure of it, please contact our team to confirm.
To include your alias email in your invoice emails sent to customers, the following steps must be completed within your foundU platform.
Please note: If you bill for multiple entities through your foundU platform, you must complete the following steps for each Office Code (paying entity).
- Log in to your foundU platform and navigate to the main menu > Payroll Settings > Office Codes.
- Navigate to the Office Code relevant to the entity you are integrating with APositive. This should be the same billing entity that your Invoice Finance account is for, and select the pencil to edit.
- Next, scroll down to the 'Invoice Payment Details' section and find the field labelled 'Invoice BCC Email', then enter your unique APositive alias email address. Once you have entered the email address, navigate to the bottom of the screen and select 'Save'.
- Now that you have saved, you will be redirected back to the Office Codes page. The integration process is now finished, and you will have successfully added your APositive alias address as a BCC to your invoices to Customers!
Here are some of the more frequently asked questions about the APositive x foundU Integration. Check back here for more relevant questions in the future.
How long does it take to set up APositive?
The set-up for APositive will take 3-5 business days.
How long does it take to fund an invoice once APositive has received it?
The invoice can be funded within minutes!
How do I get started?
Book a demo to see how our fast invoice funding solution works. We will also help you enable the integration with APositive.
What is invoice funding?
Invoice funding (also known as invoice financing) helps you access funds based on the value of your outstanding invoices. It allows you to secure invoices earlier than your customer payment terms.
Do I need invoice funding?
Invoice funding is helpful for labour hire and recruitment businesses. This is because they can be subject to seasonal trends and long customer payment terms. If you're starting out or trying to grow your labour hire business, it can help you get to the next level faster. This funding model moves at your pace and gives you access to the money you've already earned. It enables you to take on bigger jobs, without worrying about how you'll pay your employees before the invoice payment comes in.
It could also give you peace of mind if you're concerned about how the new minimum wage increase or proposed Payday Super requirements could impact your cash flow.
If you're using another funding option, like a cash or business loan, then invoice financing can offer you a more secure, debt-free cash flow cycle.
How much does invoice funding cost?
There are multiple pricing models available to help meet your requirements. APositive can charge a single fee as a percentage of your invoice, so you know your costs and the impact on your gross margin upfront. Alternatively, they can provide a Line of Credit where you only pay for the funds you draw.
What percentage of incoming invoice funds can I access?
APositive can facilitate a variety of packages that are tailored to your business with up to 90% of funds available. You can talk to the team to explore a solution.
I need some help with my APositive Integration, where can I get in touch with them?
If you need assistance from the Apositive team, you can get this via their support details below.
- ops@payrollpartner.com.au
- (03) 7018 3183 or, in NZ (09) 889 2395