We’ll take the time to understand your needs before making any recommendations, then we can put you in touch with factoring and invoice discounting providers that offer the right service for your specific requirements.Īt Touch we have access to a panel of more than 25 quality providers. Our free consultation service helps small and medium business owners decide on the best way forward. If you are considering factoring and invoice discounting, why not speak to an impartial expert at Touch about how this form of finance could benefit your business? Feel free to call us in office hours – we’re on 02. ![]() If your business is larger, and you have the human and information resources to efficiently manage your own sales ledger and debt collection - or if you feel strongly that you want your own company to deal with debt collection - invoice discounting is likely to be your preferred option. If your business is relatively small and your human resources limited, the credit control and collection service that comes with invoice factoring is likely to suit you better. Whether you choose an invoice factoring or discounting facility will largely depend on the size of your business and your sales ledger management resources. Struggling businesses - bridging the gap between invoicing your customers and getting paid.Growing businesses - putting your cash back to work for your business as soon as you’ve earned it.Business start-ups - flexible start-up finance to get your new company off the ground.Invoice factoring and invoice discounting are useful options for: Who uses invoice factoring and invoice discounting?įactoring and invoice discounting are particularly suited to businesses in areas such as:īut in any business that provides services or goods to other businesses and gives customers credit terms of 30-120 days (after the job has been completed), factoring or discounting can solve the problems associated with slow payment. Services for both are often competitively priced, and offer excellent business guidance. Increase the level of funding available with your turnover.Pay supplier invoices promptly and increase your power to negotiate discounts.Free up cash to overcome cash flow problems or grow the business.Secure funding without requiring other assets.Release up to 100% of the value of your outstanding invoices within 24 hours.Those differences aside, the benefits of both types of finance are similar. The benefits of invoice factoring and invoice discounting Your customers pay their invoice amount into an account that is managed by the funding company but is in your name, so confidentiality remains intact without customers knowing a third party is involved. With discounting, your business retains control of its sales ledger and chases payment in the usual way. The customer settles their invoice directly with the factoring company, so your customers are likely to be aware of the fact that you are factoring. In factoring, the provider takes the role of managing the sales ledger, credit control and chasing customers for settlement of their invoices. The essential differences between invoice factoring and invoice discounting lie in who takes control of the sales ledger and responsibility for collecting payment, and the level of confidentiality. Invoice financing solutions can help to lessen the load.įinding the right invoice financing agreement can sometimes mean the difference between sinking or swimming in such a competitive sector. When working for business clients, receiving payment upon completion of the job can be hard. There are alternative funding solutions out there to help you with your publishing and/or printing business – including tailored invoice financing agreements.Īt Touch, we are experts in helping manufacturing business owners find the invoice finance they deserve. ![]() This is where invoice finance might be able to help. ![]() ![]() There are many individual reasons for cash flow problems, unique to each retailer. Invoice finance could be the key to unlock your cashflow Invoice finance can help to keep the money coming in to ensure payment delays don’t lead to drastic action.ĭemand for care homes is only growing but securing the funding to break through can be a challenge. Used by recruitment companies for decades, invoice finance is tailored perfectly to the industry. Find out how invoice financing can assist a construction company’s cash flow.
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