Introduce Invoice Finance / Factoring
To drastically improve your business cash flow, consider introducing an Invoice Finance / Factoring facility. If your business gives its business customers credit terms to pay their invoices then Invoice Finance / Factoring will work for your business.
How Does It Work?
When you raise your invoices you send a copy to your Invoice Finance provider by uploading to their online portal. The Invoice Finance provider may or may not verify the invoice with your customer. Then you will be given up to 90% of the total invoice value into your bank account. When the credit period is up your customer then pays the Invoice Finance Company direct; The Invoice Finance Company then owes you the balance less their fee.
This gives you instant cash retention on day 1 of the invoice cycle. This will allow you better terms with suppliers, monies for wages and generate better cash flow throughout the business.
Why not call us on 0808 168 8085 for us to help you understand more on how Invoice Finance / Factoring can help your business.