In the highly competitive industry of commercial printing, managing finances can be hard. Yet it needn’t be.
Picture the Scene
You’ve got good customers, but they are slow payers. You don’t want to be chasing them constantly. You don’t want to risk alienating them and losing out to a competitor. Not in your competitive industry.
We know that in the world of print, invoices can easily take 90 to 120 days to be paid. And given the huge outlays you have to commit to for raw materials, expensive investment in new printing presses and modern digital technologies, it can make staying on top of your finances an uphill battle. When you are constantly managing your money rather than looking for new business, it can also make expansion and growth incredibly hard to achieve.
Help is at Hand
That’s why so many commercial printers are now favouring invoice factoring as part of their daily finances. A solution that advances funds on issued invoices within 24 hours, with transparent fees and no personal assets to act as security.
Ocean Colour Print are just one such printer. Here, Wendy Osborn, Director, tells us why Calverton Finance’s tailored invoice factoring service was right for them:
“We at Ocean Colour Print have been factoring our invoices with Calverton Finance since 1999".
“When sourcing factoring companies we chose Calverton because not only were their rates very competitive but the size of the company compared to the mainstream finance corporations meant that we were able to form a personal business relationship with them and we were not ‘just a number’".
“As a small family run company it was vital that the factoring company we chose would be able to recognise that; and treat our customers as we would treat them".
“The flexibility that factoring has given our company has been one of the key ways in allowing us to grow as a company. We look at Calverton Finance as our credit control department, and as such, we do not need to employ a credit controller".
“All of the team at Calverton are extremely professional, courteous and polite and any issues that do arise are always quickly dealt with".
So if you’re looking to manage your cash flow and working capital get in touch with our highly experienced and professional print factoring team here at Calverton Finance.
Image courtesy of Danilo Rizzuti at FreeDigitalPhotos.net