- 26 Jun
Latest ABFA Factoring & Invoice Discounting Statistics
The latest Asset Based Finance Association (ABFA) statistics have been published for Q1 2009.They show reductions in the amount of funds provided and contractions in client turnover but they also show a reduction of c. 3% in the actual number of clients across the members.The invoice finance market is tough but we are still seeing growth in our own client book, indeed having recently had our best...
- 23 Jun
Is Cheap Factoring Always Best Factoring?
It is interesting to note that we have had a number of enquries recently from businesses who already use factoring and are looking to change providers but NOT in order to save on cost. What we have noticed about some of these recent factoring enquiries is that they are driven by a need for an improvement in service levels rather than costs, specifically around the collection of debts.Going back a...