Factoring & Invoice Discounting
Fed up of chasing invoice payments?
Invoice Discounting and factoring will save you time, money and cashflow worries.
Available for any type of business, including sole traders and partnerships, you can improve your cashflow immediately, allowing you to benefit from the value of your invoices as they are raised and take advantage of any 'early payment' discounts from creditors. Since lending decisions are based upon your future sales, not your historical balance sheet, this is the finance that keeps pace with your business growth.
We have access to an number of invoice discounting providers, but one of our preferred providers offers a bespoke cashflow solution, rather than an 'off the shelf' package. This funding partner is an award-winning discounter, part of a FTSE 250 merchant banking group headquartered in London providing, primarily SME businesses, a highly flexible form of funding with prepayments of up to 95 per cent - a level matched by no other provider in the market!
Their web-based software system integrates seamlessly with all existing accounting packages, making a paperless invoice discounting product a reality. It sits on a secure platform and because it is fully automated, it lifts all the required ledger information direct from the accounting software package. All invoicing and customer payment transactions are conducted automatically, self reconciling on a daily basis.
The system completely eliminates the mountain of paperwork traditionally associated with invoice discounting, meaning that the production of invoice listings, copy credit notes and monthly reconciliations are all a thing of the past.
Key Features:
- Increases funding over traditional facilities by up to 15%
- Secure web-based platform compatible with all software accounting packages
- Totally paperless - No need to produce schedules of invoices or credit notes
- Removes the need for monthly reconciliations
The Benefits:
- A truly flexible, discreet business funding solution
- No more cashflow headaches or uncomfortable conversations with your bank manager,
allowing you to concentrate on developing your business - The ability to obtain immediate 'cash on delivery' from your sales
- The flexibility that allows you to negotiate attractive supplier discounts
ensuring that your increased cashflow works for you - Complete responsibility and control of your sales ledger and customer relationships
Funders respect your customer relationships, so if you need this service to be completely confidential, an invoice discounting service will guarantee it.
Call Vincent to discuss your circumstances in more details Tel: 07881 811 855.
