invoice finance

Invoice finance in the form of either factoring or invoice discounting is perhaps the fastest growing financial facility in the UK allowing companies to receive cash from their invoices as soon as they are issued instead of having to wait 30, 60 or even 90 days for the customers to pay.

Instead of tying money up in outstanding invoices for lengthy periods invoice finance will enable up to 85% of the invoice values to be paid within 24 hours of the invoice being raised.

One of the advantages of invoice finance is that the availability of funding isn’t fixed as it is with more traditional bank overdrafts but will automatically increase in line with increasing sales so no more returning to the bank manager to try and negotiate an increase in the overdraft to cope with rising sales.

In addition to the provision of funding, the factoring company will also maintain the sales ledger and handle all credit control matters and this outsourcing can make significant cost savings for the company as well as the application of more effective credit control techniques reducing the exposure to bad debts.

There are a large number of factoring companies actively competing for business and you can access online quotes from twenty of the major funders from here and the completely automated process will even ask whether you wish the factoring companies to call to discuss their offers with you.

Please click on the link to the left to be taken to the website of our partnering company for instant online invoice finance quotes or if you wish to discuss any matter relating to factoring with human beings please contact us directly.

 

 

 

 

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