Invoice Finance – One Of The Best-kept Secrets Of Business Finance

Cash flow should be a critical consideration in every business whether sustaining existing operations or funding potential growth. Businesses need to be able to respond quickly to a constantly changing market, confident that cash will be available to grow their sales and their profits. Traditional methods of finance such as overdrafts and loans can limit profits by restricting the cash available to growing businesses. This is because they rely mainly on past performance and historic asset valuations. An alternative to traditional methods of finance is required.

Over the last ten years one major form of finance has enjoyed unprecedented growth Invoice Factoring. Factoring or Confidential Invoice Discounting will turn your outstanding invoices into cash. In short, by releasing the value of your sales ledger we will help meet the needs of your business. Factoring or Confidential Invoice Discounting can unlock your business potential. As Invoice Finance is geared to current trading levels, it provides you with an immediate and expanding source of working capital.

Factoring or Confidential Invoice Discounting Companies look to the future and not the past. An increasing number of businesses are enjoying the benefits of this flexible source of working capital. As sales grow so does the cash available. Business Finance offers performance linked funding that can help improve financial efficiency and lead to increased profits.

Factoring or Confidential Invoice Discounting services will help put you in full control of your business and with an interactive real time computer link Factoring or Confidential Invoice Discounting provide Companies access to the flexibility of a package of facilities including Domestic and Export funding. All this, with the optional added protection of Credit Insurance.

Invoice Financing – Factoring Or Confidential Invoice Discounting Will Provide Up To 100% Immediately Against The Value Of Each Of Your Invoices

Use it for working capital, to even out the peaks and troughs in your trading cycle, to finance growth, or simply to take advantage of profitable opportunities as they arise. The percentage of invoices available to you is agreed in advance, based on the creditworthiness of your customer base, so you know how much cash will be instantly available. Internet real time, interactive computer link keeps you in touch with your facility and in full control. It is usually provided free of charge and gives you instant access to available funds in addition to an extensive range of management information.

Naturally, the balance of your sales invoices is made available as soon as your customers pay. There is potential to save money if you take advantage of our credit insurance or credit management service, both of which complement the Invoice Financing package. What’s more, Factoring or Confidential Invoice Discounting Companies can provide currency funding if and when you decide to exploit the export market.

Invoice Financing Credit Protection – No Matter How Well You Manage Your Business, Without Effective Protection, Bad Debts Pose A Constant Threat

No matter how well you manage your business, without effective protection, bad debts pose a constant threat. Indeed, just one can be a serious drain on cash and profits. Most Factoring or Confidential Invoice Discounting Companies provides optional Credit Protection service gives you peace of mind and is specially designed for our Factoring or Confidential Invoice Discounting customers, to complement your overall package.

The Factoring or Confidential Invoice Discounting will simply identify a protected trading limit for each of your customers, taking account of your needs and their individual creditworthiness. Provided they are not disputed, invoices within that limit are insured, maybe subject to an initial first loss. So, if a customer does not pay, the insured amount is paid to you as soon as insolvency is confirmed. Unlike other Credit Protection arrangements, Factoring or Confidential Invoice Discounting Companies may also cover instances of failure of the debtor to pay within six months of the due date for goods delivered and accepted. Full details are available on request.

Invoice Finance Control Knowledge Is Power, Especially When It Relates To Your Financial Position

This is why most Factoring or Confidential Invoice Discounting companies automatically provide an interactive, on-line system as part of our tailored package of Invoice Financing services. All this is usually free of charge! Everything from sales to payments received from customers to an up to the minute record of the cash at your disposal is available at the touch of a key. You can also use it to transfer available funds which in addition to a wealth of credit management information means that you are fully in control of your working capital at all times 24 hours a day, 7 days a week!

Invoice Financing Cost Effectiveness – Invoice Finance Is Similar To An Overdraft Facility In One Important Respect

The monthly interest cost is calculated at an agreed rate above The Bank of England Bank Base Rate. A separate management charge covers the work involved in administering your facility, including the processing of individual payments. Reflecting the nature of your customer base, and the forecast level of your sales, our charges are individually assessed and negotiated and are clearly detailed on a monthly statement. Of course, costs are not your only consideration.

Significant savings are possible too. For example, we can demonstrate how a healthy cash flow gives you a good deal more buying power when negotiating supplier prices and settlement discounts. Then there is the impact that our Credit Management Service will have on your operating costs, removing the need for expensive in-house systems, rationalising staffing requirements and reducing postage, stationery and telephone costs. Invoice Finance can help you maximise the potential of your sales ledger so that you can increase profits through growth. Isn’t that what good business is all about?

For more information simply telephone us and speak to any member of our Invoice Finance team or simply apply online.