Worldwide Associates - Factor & Invoice Discount




	Invoice Discounting and/or Factoring Invoice discounting or factoring are forms of cash flow finance now being used by over 40,000 UK companies with the biggest growth area being confidential invoice discounting. These companies are generating a combined turnover in excess of £132 billion according to statistics released by the factors trade association and are constantly on the increase. Prior to 2001 the banks were happy lending on overdraft safe in the knowledge that their fixed and floating charge placed them near the top of the pile in the event of the failure of their client but the “Brumark” case changed all that as the Privy Council ruling pushed the banks down the security pecking order. Most banks were not slow to begin transferring banking clients over to their invoice discounting subsidiaries. It may appear that the majority of organisations (estimated at 70%) using confidential invoice discounting had accepted their bank manager’s suggestion and signed on the dotted line without first establishing whether or not there were more suitable options available… which in many cases there were and still are. Invoice Discounting Early payments - Up to 95% of the value of your invoices. You retain responsibility for credit control. Bad debt protection - optional Invoice Discounting is a comprehensive funding facility that has been designed specifically to release the cash tied up in your sales ledger. You remain in full control of maintaining your sales ledger, credit control and collection activities. The facility can either be confidential or disclosed to your customers. Invoice Discounting from Close Invoice Finance gives you fast, flexible and cost effective access to the cash you require. It is very simple to operate, requiring minimal administration from your organisation. Confidential Invoice Discounting is provided for established, profitable companies with a strong balance sheet and the arrangement is not disclosed to your customers. Confidential Invoice Discounting is most suited to businesses with UK sales of at least £200,000 per year, which have a minimum net worth of £25,000 and have demonstrated reasonable profitability. Disclosed Invoice Discounting is provided to younger growing companies or to those whose balance sheet is not so strong. These companies are selling goods or services on normal credit terms. Likewise they are likely to have a computerised credit control system and effective credit management techniques. The benefits include a truly flexible business funding solution: No more cash flow headaches or uncomfortable conversations with your bank manager, allowing you to concentrate on developing your business. The ability to obtain immediate 'cash on delivery' from your sales. The flexibility that allows you to negotiate attractive supplier discounts ensuring that your increased cash flow works for you. Complete responsibility and control of your sales ledger and customer relationships. Factoring Early payments - Up to 95% of the value of your invoices Comprehensive credit control service Bad debt protection optional Factoring is a comprehensive sales funding and credit management facility with funds directly linked to your outstanding sales invoices. This hassle free form of working capital finance can be 'drawn down' as and when you need it. In addition Factoring offers a comprehensive sales ledger management service that is completely flexible and gives you the freedom to concentrate on growing your own business. Factoring is most suited to businesses with UK sales, on normal credit terms, from start-up to £30 million turnover. The benefits include a truly flexible business funding solution supported by a comprehensive management service: No more cash flow headaches or uncomfortable conversations with your bank manager, allowing you to concentrate on developing your business. The ability to continue to give your customers the credit they expect while obtaining immediate 'cash on delivery' from your sales invoices. The opportunity to make considerable savings in your current administration costs. The flexibility that allows you to negotiate attractive supplier discounts ensuring that your increased cash flow works for you. The opportunity to significantly improve your average customer payment period. Contact your local Accredited Partner for more details.	Quick links Find the assistance you want. Free advancement review Planned, controlled and first rate assistance Advance magazine 'Advance' is the business magazine of the International Confederation for Business Advancement (ICFBA) Supply Partner

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Invoice Discounting and/or Factoring

Invoice Discounting

Factoring