While we hope to support your business, Marmalade is not the right solution for everyone so before you begin, please check that you meet these criteria.
- You have been using Xero, Quickbooks or MYOB as your accounting software for at least three months
- You have standard invoice terms between 0 and 90 days for the majority of your customers
- Your primary customer base consists of Australian businesses
Is your accounting software compatible with Marmalade?
Marmalade uses the accounts receivable data in your accounting platform to provide a transparent and simple way of converting unpaid invoices into cash.
What if I don't use Xero, Quickbooks or MYOB?
If you don't use one of these software you will need to transition to one of these accounting platform provides. Once on Xero, Quickbooks or MYOB and you have at least three months of invoicing and payments data Marmalade may be in a position to support your business.
You have standard invoice terms between 0 and 90 days for the majority of your customers?
As Marmalade provides the ability to convert invoices into cash for a one-off fee we do require that these invoices will be paid within a reasonable timeframe.
If the majority of your invoices have terms longer than 90 days or are paid instantly Marmalade may not be the best solution for your business.
Your primary customer base consists of Australian business.
Marmalade does require invoices to be issued with our payment details and payments from customers to be made through Marmalade. At this point in time Marmalade doesn't support payments from overseas so we do require that the majority of your customer basis is either located in Australia or pays from an Australian based bank account.