As we approach the end of the year cash flow will become tighter for many businesses as they aim to fulfil orders with less working days and customers inevitably taking longer to pay.
This coupled with less support from staff due to holiday commitments, means that we often see an increase in new factoring and invoice discounting facilities to help manage and accelerate cash flow.
Your Options of Facilities
Setting up an invoice finance facility is quick and simple and gives you access to up to 85% of your outstanding sales invoices within 24 hours. If you choose our factoring solution we will look after the credit control function for you which means that we professionally collect your outstanding invoices and ensure these get paid, while building strong rapport with your customers.
You can read more about this on our outsourced credit control blog. If you have a credit controller in house but they will be away over the seasonal period, this service could be an additional and much needed pair of hands to help you and your business until they return.
Confidential Invoice Discounting works in a similar way to invoice factoring, however you retain the credit control function and your customers are unaware of our involvement. This facility can also be set up quickly and with ease.
If your business suffers from seasonality and you have a large order but will need to wait a while to get paid, we can help with our Selective Invoice Finance. This service enables you to fund just one invoice at a time and comes with Bad Debt Protection to cover you against non-payment of the invoice. This is a popular facility with businesses in the distribution, fashion and wholesale industries, and you can read more about how this works by clicking here.
Invoice finance is often cheaper than you think and a cost effective solution which can often save a business money.
If you are new to invoice finance our expert team can help you every step of the way and answer any question you may have. You can learn more about our experienced and friendly team here.
To give you extra comfort you have the option to trial your new facility for 3 months to make sure that the solution will work for you and your business. We are very proud of the clients we support and you can read a few of our Clients’ experiences on our Client Stories page here.
For more information or to speak to one of our team, please call 01908 268888 or email us here.