What
is Invoice factoring?
One of the most important areas for any business
is their cash flow and by far the largest asset is the balance
sheet. Invoice factoring offers to free up this
You can get up to 90% paid on your outstanding
invoices, therefore invoice factoring provides an excellent
answer to slow paying customers.
With invoice factoring you can receive cash
in 24 hours against your invoices, and you will not need
to chase your customers for payment. This allows you to consentrate
on your business and leave you free from the administration
concerns of running a sales ledger.
How does invoice factoring work?
Invoice factoring is a very simple process, it involves
your business entering into a contract with the invoice factoring
comapny. The factoring company will then take care of the
sales invoices and pay you the up to 90% of the value of
invoices within 24 hours. The remaining balance, less the
invoice factoring companies charges will then be paid to
the business when the debt has been paid.
Invoice factoring offers a great way to improve your business
cash flow.
If you would like a no obligation quote on
invoice factoring services fill in the enquiry form below.
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