July 2014

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    Finance Product Finder

    Below is a link to our business finance product finder. 10 simple questions to help you select the best business finance product for you: Finance Product Finder...

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    UK Invoice Finance Research Group Tops 800 Members

    The UK Invoice Finance Research group, on LinkedIn, now has over 800 active members.The group discusses research findings from surveys related to the invoice finance industry and it is open for anyone with an interest in growing the invoice finance industry to join.If you click on the "Research" tab at the top of this page you'll see a link to the group....

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    Invoice Discounting

    We have many resources about invoice discounting: 1) How does invoice discounting work? 2) List of Invoice Discounting companies. 3) Invoice discounting case study. 4) Cost of Invoice Discounting For more information or to discuss your particular requirements please contact Sean on: 03330 113622 or view the CID section of our website....

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    Looking For Factoring?

    If you are looking for a factoring company we have lots of useful information to help you find a factoring company that suits you.1) How factoring works 2) Factoring research 3) List of factoring companies 4) Factoring case study 5) Cost of Factoring. 6) Article about the benefits of factoring. If you would like to speak to an expert adviser, without charge, please call Sean from FundInvoice on:...

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    Last Minute Factoring

    It is striking how many prospective clients leave arranging a factoring facility until the very last minute. Another common characteristic is that initially there is a lot of pressure from the client to arrange a factoring facility very quickly, then after us doing so, the client delays proceeding. The reason for this is often that a particular debtor payment has been received and the client...

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    What Is A Recourse Period?

    A "recourse period" is the time after which an invoice finance company will withdraw funding against an invoice if it has not been paid. This is only the case with a recourse style invoice finance facility. There are other options available. The alternative is a non-recourse, where you also receive protection against bad debts. In this case, there is no recourse period, the funding against an...

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    Invoice Discounting With No Additional Charges

    If you are unhappy with paying additional fees for invoice discounting, please see yesterday's post about invoice discounting with no disbursements. Charging additional charges is common within the invoice discounting industry and these are often levied for particular transactions such as making a payment by CHAPs transfer. This new invoice discounting product does away with the additional...

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    No Disbursement Charges

    One of our invoice discounting partners has just launched a confidential invoice discounting facility, for businesses with a turnover of at least £3 million, that has no disbursement charges whatsoever (providing you stay within the terms of the facility. The only charges are a one off arrangement fee, the Administration charge, for operating the facility and a discount charge, which operates in...

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    Factoring Calculator

    This post has a link to our factoring calculator that you should use if you are considering using factoring. The calculator takes into consideration all the benefits of factoring, such as the reduction in credit control costs from using an outsourced credit control service. You need to remember though that the service levels between different factors vary so you need to choose the right service...

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    Read This Before Choosing An Invoice Finance Company

    Before you choose an invoice finance company, please read this: Invoice Finance Research Our invoice finance market research page contains details of the research that we have completed so far and links to resources that will be helpful deciding which invoice finance company to choose.In addition please read our article: 10 Things To Consider When Choosing Invoice FinanceIf you need advice speak...

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    Help With Slow Payments

    Factoring can help with slow payments from customers and debtors in two ways. Firstly factoring will release cash against unpaid sales invoices, for example 85% of the gross invoice value could be released with the balance, less charges, passed to you when the customer pays. The second benefit of factoring, with regard to slow payments, can be from the credit control service provided by factoring...

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    Small Businesses Paid Almost 50% Slower

    A new piece of research by the ABFA shows that small businesses, with a turnover of less than £1 million per annum, are being paid almost 50% slower than bigger businesses. In an article: http://www.economicvoice.com/smallest-businesses-forced-to-wait-over-3-weeks-longer-for-payment-than-biggest-companies/ . . . their research was quoted as showing an average payment period of 71 days for...

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    MarketInvoice Exceeds £200M Invoices Funded Via Auction Platform

    Congratulations to MarketInvoice, the invoice auction platform who report that they have now funded over £200M of sales invoices on their invoice auction site. Funding invoices via an auction site can be a good option for some businesses, especially where they are looking to raise short-term funding for particular batches of invoicing. If you think that an auction style invoice trading platform...

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    Factoring For Seasonal Invoicing Peaks

    Factoring can be used to smooth out the cash flow problems caused by seasonal peaks in invoicing and trading. A "seasonal peak" is when the trade, and hence invoicing, of a business is not even throughout the year. A classic example might be a fireworks manufacturer. Most of their annual turnover is likely to be concentrated around bone fire night. There are also many other, less dramatic...

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    Factoring Company Reviews And Ratings

    If you are looking for reviews and ratings for factoring companies, FundInvoice can help. FundInvoice have carried out extensive research of the factoring market including canvassing existing clients for ratings and reviews of their existing factoring companies. These ratings and reviews can be used to assist you in deciding between different factoring companies....

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    Factoring Problems

    Problems with your factoring facility? FundInvoice may be able to help you. Although the vast majority of factoring clients are happy with their facilities sometimes clients run into factoring problems. For example: insufficient funding, problems with the collections service, a desire to reduce costs or a breakdown in the relationship with the factoring company. In all theses cases FundInvoice...

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    What Does An Invoice Finance Take On Involve?

    An invoice finance take on, also known as a switch on, normally involves a visit to your company premises by a surveyor from the invoice finance company. However, in some cases it can be conducted by the sales person, or it may be conducted over the phone/electronically. The purpose of the take on visit is to acquire the sales related records of your business in order to create a copy of your...

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    What Does An Invoice Finance Survey Involve?

    An invoice finance survey is normally a visit to your business conducted by a surveyor. Typically, a survey can take from a few hours to several, days depending upon the size of your business and hence the amount of records that need to be examined. The surveyor will examine the records of your business in order to better understand the nature of your trade, how easily your sales invoices are...

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    What Is The Invoice Finance Sales Process?

    The sales process involved with being approved for an invoice finance facility, such as factoring or invoice discounting, can vary between different providers. A generic overview of the process would be as follows: 1) Initial contact, normally by phone. 2) Meeting with a Sales representative. This will normally involve general discussion about your business and what you need. 3) Survey - this may...

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    Factoring Clients Survey

    We conducted a factoring client survey where 46 users were asked to rate and review their factoring company. We also captured information about their life as invoice finance users over time.You can read some of the results here: Factoring Clients Survey...

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    What Is A Bank Waiver?

    A bank waiver is a document, issued by a bank, that waives its rights to the book debts of a company so that the company can use these book debts to support an invoice finance facility, such as factoring or invoice discounting. Waivers are often required as the outstanding sales invoices, or book debts of a business, are encumbered by any existing charge over assets or debenture, held by the...

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    Can You Have Invoice Finance And An Overdraft?

    Yes, you can have invoice finance and an overdraft from a bank. In fact, our recent research amongst a sample of invoice finance users found that 30% of them used some combination of invoice finance and overdraft or loan finance. So it is very common. We often come across situations where a small residual overdraft remains after the client starts using an invoice finance facility such as...

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    Factoring Company Review Ratings Vary Dramatically

    Our factoring survey found huge differences between the rating reviews for overall satisfaction assigned by existing clients to their factoring company. The range of ratings assigned by clients, for overall satisfaction with their factoring company, went from 4/10 up to 9/10, A dramatic difference of 125% between the lowest and the highest ratings. These results demonstrate the enormous...

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    Factoring Clients Use Two Different Factors On Average

    Our survey of 46 existing factoring clients from across a spectrum of different factoring companies, revealed that on average a factoring client will use 2.2 different providers during its life as an invoice finance user. In total we found that clients used factoring for 4.8 years on average and they had spent 2.2 years, on average, with their current factoring company. These findings suggest...

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    Crowdfunding Comments

    I posted a while back about comments being posted on a Facebook advert for Crowdfunding, these have continued to appear, following exactly the same pattern - a belief that businesses turning over £100,000 per annum don't need to borrow anything! This is so far from the truth - looking at an example in detail:1) If a business has £100K pa turnover, it invoices £8,333 per month. On average...

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    Criteria To Qualify For Invoice Finance

    The basic criteria to qualify for invoice finance are very simple: 1) You are a business that raises credit invoices to other businesses. It is really as simple as that. Certain specific products such as factoring or invoice discounting may have further particular criteria, but in general in order to access some form of invoice finance you only need to satisfy the criteria stated above. Even the...

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    Need Help Paying Suppliers?

    If you need help paying your suppliers invoice finance can help. If you have unpaid sales invoices outstanding to your customers, invoice finance can release a large proportion of that unpaid debt to you in cash. You can use that cash for any purpose, including paying your creditors and suppliers. This can dramatically reduce creditor pressure. As you raise more sales invoices so the invoice...

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    Retailer Finance For Shops And Restaurants

    Our funding partners are now able to provide finance to retailers. The finance is based on historic receipts and the finance is collected from future income, over an agreed period. Retailers such as restaurants and shops can raise money through this source....

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    Business Finance With Poor Credit Or CCJs

    Factoring can provide business finance even where the directors, or the business, has previous poor or adverse credit history (even CCJs - County Court Judgements). Unlike most bank finance, with factoring the finance is based on the strength of your debtors and your invoices rather than the financial strength of your directors or your business. Even if you have a poor credit history you may...

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    Benefits Of Supply Chain Finance

    The principle benefit of arranging a supply chain finance facility for all your suppliers is that it enables your business to take a credit period from your suppliers, whilst they all get prepayments, from the supply chain finance company against their invoices. The finance is provided at preferential rates to your suppliers based on the strength of your business....

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Examples of just a few of our finance partners:

acg
metro bank sme finance
castle
woodsford tradebridge
nucleus
marketinvoice