Professional Services Companies

Professional Services Companies

Professional services companies are in a position of trust with their clients. They are well educated and have a good general understanding of law and business procedures. Some professional services firms are accountants and some offer marketing, consulting or legal services.

Over the last 10 years the has advised the following types of professional services firms on factoring, invoice discounting and other cashflow solutions:-

  • Factoring for Accountants firms
  • Actuaries
  • Invoice factoring for Appraisers
  • Architects firms
  • Factoring for Lawyers
  • Solicitors
  • Barristers
  • Brokerage firms
  • Business consultants firms
  • Copywriters
  • Factoring for Distributors firms
  • Engineers
  • Public relations
  • Professionals
  • Software engineers
  • Value-added resellers
  • Web designer companies

Factoring for professional services companies

  • Professional services firms offer infrequent or ongoing services for their customers. However the business arrangement is factoring can always be considered to free up cash tied up in unpaid invoices.
  • Professional services firms often have a huge amount of money tied in unpaid invoice but fear that they will lose future business if they try chasing payment of unpaid invoices.
  • From our experience, many professional services firms do not have that much cash flow and welcome a factoring or invoice discounting facility to free up cash.
  • Factoring and invoice discounting is most suitable for growing professional services businesses because the factoring facility grows in line with turnover.
  • If a professional service’ firms turnover is falling the level of factoring facility can reduce.
  • Professional service firms need to understand the cost of the factoring or invoice discounting against the costs of in-house debt collection.

Get an invoice finance quote today by calling 0800 597 4757 or apply online to compare factoring companies

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