Many businesses face difficulties when it comes to agreeing payments terms and if your business does not have the ability to compete or offer such terms you may find your business missing out on potential orders. Invoice Financing will allow a business to release funds from current and future invoices to create a comfortable working capital cycle. Your business will be able to offer credit to your customers as the factor will bridge your payment terms. You may even have the ability to negotiate better terms with your suppliers by paying them sooner. This is how it works:
As well as funding UK customers an Invoice Finance provider can also look to fund your overseas customers. Not all funders offer this service so it is important to speak to a specialist in the market, like Compare Factoring, to ensure you are speaking to the best suited providers. As well as providing funding we have lenders that can release and receive funds in a variety of currencies. A financier can also help with your overseas collections, many having bilingual client managers.
