GET SIMPLY SMART WITH INVOICE FINANCE

Invoice Finance is a financial solution which awards businesses an improved cashflow; in short it provides a steady stream of funding in parallel to the sales and invoices produced by the business, thus making cash flow easier to manage with the removal of the ups and downs caused by the delay of customers taking their time to pay.

Companies need to be simply smart with their cash-flow as many businesses fail to realise the importance of speed in relation to cash-flow, as silly as it sounds some are more focused on making the sale, or supplying the goods or services than the actual ‘right I now need the money part’ which falls way down the list, causing needless and untold problems and stress.

Businesses who use an invoice Finance service will typically receive 80% of the gross value of the invoice once it has been raised, with the reminder less any service costs being available for payment once the customer has paid their invoice. This means that businesses will receive a high percentage of value of their invoices instantly and not having to wait for their customer to pay them.

There are four main products relating to invoice finance with brief descriptions details below:

Export Finance

Export Finance is targeted to assist businesses in improving the efficiency of their export business by reducing the ricks and pressure of cash-flow by implementing tight credit control and credit checking.

As soon as the invoice is raise typically up to 90% of the invoice would be paid with the balance less agreed fees being paid once the customer has paid.

A bad debt protection policy can also be taken out within this service.

Import Finance

Import Finance is a financial product which is aimed so as to assist businesses close the funding gap when an order is placed by a UK customer on credit terms and the demand for payment by the overseas supplier – this product is also often referred to as Trade Finance.

Import Finance can fund up to 100% of overseas purchases which can include duty and VAT as well as freight.

Invoice Discounting

Invoice Discounting is a service which primarily is used by medium to large businesses and can be a better more flexible solution in obtaining finance than normal methods via banks such as business overdrafts.

This service is a funding only solution and does not therefore have a credit controller allocated to the account.

Invoice Factoring

Invoice Factoring is the term given to a full service facility which can, depending on circumstance award up to 90% of the invoice value up front. Usually a credit controller is allocated to run the ledger, which would also include the production of statements.

In some circumstances there may be caution over certain accounts in that they may produce or lead to bad debt, to help plan and be covered for this there are certain insurances polices which can be taken up.

Should you be considering using any form of invoice financing to assist in improving your company’s cashflow now or in the future, then please fill out the form above and a Squashed Bills for Business appointed representative will be in touch in the strictest of confidence to discuss your requirements further.

• Dr Squash Invoice Finance Quotes :

              invoice factoring the right way – helps companies stay on top of their sales 

              a steady stream of funding – flows into a pool of positive cashflow