Release 100% of Invoice Value Now
Factoring takes a great deal of pressure off your company’s resources. It’s a fully managed solution where the factoring company takes care of the ledger, chases payments and issues invoices on your behalf. You get the cash immediatly.
Pros: Fully managed, no accounts receivable required
Con’s: Slightly more expensive rate than discounting
Discounting provides you with the same credit line as factoring, but you handle the receivables in-house. It’s a great solution if you already have resources on hand.
Pros: Fastest access to credit for business, with lowest rates (from 0.5%)
Con’s: Non payment risk and management handled by you
Once you win an order from a customer, you agree the credit terms you would like to give them and process the invoice as normal.
Next you simply forward the invoice to your provider, upon receipt they wire up to 100% of the invoice value within 12 hours. You are free to use these funds as you wish.
Once the credit period has expired there is nothing further for you to do, the factoring company deals with the collection, debt recovery and legal proceedings if required.
We promise to connect you with a suitable factoring company who can deliver a ethical and low priced solution for your cash flow requirements.
