- 09 Apr
Deal Completed - Supplier of Mats Non Recourse Factoring Improved Credit Control
This client seldom borrowed money from their bank owned factoring company but they were looking for an improved deal in terms of the service charge that they paid for their factoring and the quality of the collections service (credit control service) that they received.
Where a company isn't borrowing significant amounts or even any funds, the collections service is absolutely key as it can enable a business to manage without/with minimal dedicated credit control staff. In cases where the directors undertake the invoice collections and credit control themselves, it can replace the directors of the company having to undertake the credit control activity themselves, allowing them to focus on other things such as sales and running their business.
We were able to find this client a non recourse factoring facility with a full collections service and protection against bad debts at an improved cost from their existing factoring facility.