Nationwide Asset Finance
Debt management services, cash flow industry, business lines of credit UK
Invoice Factoring
Invoice Discounting
Business Financing
Brumark
0800 505 3399
email
Invoice Factoring
Benefits
Cash flow industry
The main invoice factoring benefits for any business are all about improved cash flow. In fact you could say that invoice factoring is the cash flow industry. But there are many more benefits which should not be overlooked.
Cash advances
Immediate cash advances to ease your cash flow problems.
Business lines of credit
A borrowing facility which rises automatically as your sales increase ensuring future growth is not restricted.
Less stress
No more cash flow headaches or dreaded calls to the bank.
Peace of mind
Also the facility is not normally re-payable on demand like a bank overdraft, thus removing another worry.
Debt management services
Release of that most valuable of resources (time) to concentrate on running and growing your business free from the shackles of keeping up with back office routines.
Debt management solution
Professional credit control speeds up the cash flow even further and helps identify early signs of payment problems keeping bad debts to a minimum. Most factors collect debts in 45/50 days.
Credit management
Online access to credit ratings allows you to trade confidently with new customers.
Sales ledger services
Considerable savings in administration costs, stationery, bank and telephone charges, staff time, extra office equipment, etc., from outsourcing the sales ledger management. In addition the costs of employing a good credit control clerk which can be anything from £10k to £15k per annum is avoided.
Prompt payment discounts
With better cash flow comes increased bargaining power with suppliers and the potential for prompt payment discounts (more than covering the cost of the service). Conversely, there will be less need to concede discounts to your customers. A double bonus.
Bad debt recovery
Bad debt protection means you get paid within 120 days of the invoice date if your customer becomes insolvent. You also avoid the policy administration/claims procedures associated with traditional credit insurance.
Security
Most invoice factoring companies only require a charge over your debtors and a warranty from the directors whereas a bank will take a full debenture plus directors guarantees thus tying up all the company's and directors assets.
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