Providior Plus

Designed for firms that want all outlays and disbursements on a client file paid for by a third party. We pay supplier invoices on your behalf.

  • funding at a flat, competitive rate and terms

  • drawdown funds only as needed

  • only pay interest on funds used

  • ideal for firms that want all disbursements funded

  • simplified payment process

  • fast electronic processing via EFT

  • daily processing of payments

  • we pay suppliers directly; expert reports released to you

  • your choice of professional service providers

  • for legal files, nothing to pay until file settles or at term

  • easy application process

  • no client involvement – our agreement is with you

  • transactions handled in an efficient and friendly manner

  • specifically designed to integrate with existing systems

  • provides a high level of flexibility

We pay direct.
Comprehensive, fast, flexible and cost-effective disbursement funding.

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Don’t need all disbursements funded?

Consider Providior Premier, our funding solution for firms that only need to make adhoc disbursements.

Providior Premier

Designed for firms that may only require one or two disbursements per file to be paid. We pay supplier invoices on your behalf.

  • funding at a fixed cost per transaction

  • gives certainty of cost

  • drawdown funds only as needed

  • ideal for files expected to settle quickly

  • ideal for firms who may only need one or two larger disbursements paid on a file

  • fast electronic processing via EFT

  • daily processing of payments

  • we pay suppliers directly; expert reports released to you

  • your choice of professional service providers

  • for legal files, nothing to pay until file settles or at term

  • easy application process

  • no client involvement – our agreement is with you

  • transactions handled in an efficient and friendly manner

  • specifically designed to integrate with existing systems

  • provides a high level of flexibility

We pay direct.
Fast, flexible and cost-effective funding for ad-hoc disbursement items.

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Got day-to-day business expenses?

With Providior Max, you get working capital funding so you’ll always have enough cashflow for daily operation.

Providior Max

This flexible standalone product has been specifically designed to provide funding for general business expenses of your choosing. We forward you funds, and you pay your expenses.

  • replenishes cash reserves fast

  • provides funding as a percentage of work in progress (WIP)

  • provides cash flow for ongoing work in progress / fixed costs like wages and rent

  • we give you the working capital, and you make your payments

  • can be made available within 24 hours of application approval

  • easy application process

  • no client involvement – our agreement is with you

  • provides a high level of flexibility

We pay you.
Work in progress funding for all your working capital needs.

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Do your litigation clients need access to cash?

Our Pre-Settlement Loans funding solution can help ease the financial burdens on your clients.

Pre-Settlement Loans

Specifically designed to assist your clients with any urgent pre-settlement funding needs.

  • extra financial support for legal clients involved in litigation

  • support when it’s not business as usual

  • covers urgent living expenses

  • this standalone funding is provided for Providior Premier and Providior Plus clients

Your clients can access much-needed cash.
Short term, one-off funding for litigation clients.

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Funding Solutions Comparison

A comparison of the features of our core offerings Providior Plus, Providior Premier, Providior Max and Pre-Settlement Loans.

Features Disbursement Funding Work In Progress Funding
Providior Plus Providior Premier Pre-Settlement Loans Providior Max
Ideal for:
Personal Injury Law Firms »
General Practice Law Firms »
Professional Service Firms »
Fast application
Competitive pricing
Easy to use
Any disbursement
Expert reports
Working capital for practice
Advances for living expenses

Work In Progress (WIP) Funding

Long-term works in progress (WIP) frequently create a cash flow bottleneck for many businesses, resulting in a lack of working capital. For example, a law firm may be required to work on a number of cases over a long time, which means payment is delayed and the business suffers due to poor cash flow. As a result, financing for work in progress can be a lifeline for many.

Financing For Working Capital

Finance for work in progress, also known as invoice finance or working capital finance, provides a significant cash injection into a business, allowing it to unlock capital and improve cash flow. Working capital finance is sometimes required in order to keep a business running and avoid financial difficulties.

Working capital loans are appropriate for various businesses, including law firms, accountants, agencies, and other professional service firms that operate on an invoicing basis or have finance tied up due to long-term work in progress.

WIP Loans From Providior

Providior can help you improve your cash flow by arranging to fund against your company or law firm’s work in progress.

Call us today at (03) 3831 5193 to find out how we can help your company, or get in touch using our contact form.

What’s Our Process?

Application for our funding process is quick and easy!

Step 1 - Apply

  • Give us a call

  • Meet with us

  • Complete the easy Facility Application

Step 2 - Establish a facility

  • Facility Application reviewed

  • Loan Agreement signed

  • Facility established

  • Ready to go

Step 3 - Request payments (FOR PLUS AND PREMIER)

  • Submit request through our portal

  • We pay same day (conditions apply)

Step 4 - Repay the loan (FOR PLUS, PREMIER AND MAX)

  • When file settles or at term

Work In Progress Funding
FAQs

A business may need financing for work in progress if it often has long-term works in progress (WIP), which bottleneck its cash flow and prevent it from having working capital. An example of this would be a law firm that has to take on several cases at once and may not get paid until each one is completed – causing financial difficulties.

Service businesses, such as accounting or legal practices, use WIP to track hours billed to a client but not yet invoiced. WIP is an asset placed on a company’s balance sheet. If there are different stages of completion for WIP legal cases, it has the potential to create profit for the company through various outcomes.

WIP is offered to customers with a proven track record in disbursements. The law firm must be able to prove they have won the case before WIP will be given, and that they are only waiting for funds to settle the matter – which can take weeks or months.

A portion of the lawyers’ fees will be paid by Providior prior to the final settlement being reached. Afterwards, we will receive reimbursement for the fees plus interest. It’s important to keep in mind that with a no-win no fee arrangement, the lawyer handling the case may not receive payment for their work for quite some time after the matter is settled.

Ready to talk?

We’re just a phone call or email away and would love to hear from you. Contact us today to discuss your business and funding needs.

Let’s Talk