Growing at a rate of 10% in the last 2 years, the media industry has to deal with new product developments, special offers, promotions and launches. Permanently staying ahead of the competition (for you and your clients) is imperative.
Some projects are often made up of many components which can take a lot of time to manage. Time is also consumed in managing invoicing and payments, both in and out. As for cashflow, well sadly your clients aren’t as quick to pay as they are to demand.
Introducing Confidential Invoice Discounting (CID). An invoice finance facility that your customers are not aware of, but…
How does CID work?
- You deliver your goods or services and invoice to your customer as normal and you send us a copy of the invoice (uploaded via our online portal)
- You have access to of up to 90% of the invoice value (including VAT) and you decide how much you want to draw down. We then transfer funds into your bank account the same day
- Your customer pays into a trust account in your name
- The balance (10%) is released to you
Confidential Invoice Discounting is one of the most favoured finance options for media agencies in the UK, providing predictable cashflow solutions in a fickle and volatile market place.
What Are The Benefits of CID?
- Provides financial stability, growth and cashflow. Regardless of whether your clients pay you in 30, 60, 90 days or more, we’ll still pay you within 24 hours which gives you financial stability and peace of mind
- Optimises your cashflow easily, efficiently and cost effectively. With your own dedicated Client Manager and secure online portal, you can see all your outstanding and settled invoices, payments and drawn down funds
CID with Calverton:
Our understanding of the financial pressures that many media agencies are subjected to is why we provide services to so many agencies in the UK. And it works for them, last year our clients using invoice finance grew there businesses by an average of 13%.
For an informal and private chat call us today on 01908 268888, alternatively, get an ‘in principal’ 5 minute approval online.