Invoicing
Finance
Bridging
Loan Factoring
Free
your cash flow. If you are struggling with
cash-flow control due to payments outstanding,
we can quickly source you the best deal to
suit your individual circumstances.
What
is Invoice Discount Finance?
Often
confused with invoice finance is factoring
though they are both very different forms
of pulling in monies owed to a company and
should be used for the right situation only.
The aim is to ease cashflow and get money
into the business. A healthy business can
go to the wall if there is not a tight control
over their cash flow.
It
is an alternative way to collect money owed
via a companies' invoices.
But
a company still maintains control over their
company books. And invoices will still be under
the appearance of the company. The company's
customers would not know that a invoice finance
firm is being used.
Normally a invoice discount company will advance
money on the outstanding invoicing they choose.
They charge by taking a percentage of the invoice
and perhaps charge a fee. This can free up time
and resources. Some companies will outsource
this task to save on labour costs. In some circumstances
staff may be able to be cut back on and hence
the company would make saving to help offset
the costs.
The
company can choose, there is recourse and non-recourse
methods, this sets out who will be looking after
recouping unpaid debts and invoices. Obviously
chasing money would incur a higher cost.
|
