- 04 Sep
Factoring: Is it still relevant in 2015? | Bdaily Business News
This was my comment posted on this article asking: Factoring: Is it still relevant in 2015? | Bdaily Business News.
My comment: Our Study of Invoice Finance Users February 2015 asked existing invoice finance users about their attitudes to invoice finance, and what they thought stopped more businesses using these products. We found that only 8% of respondents made any reference to negative attitudes about invoice finance, 21% cited a lack of promotion and awareness of these product and 51% mentioned pricing as a barrier. The interesting thing about pricing is that in many of our studies we have found these concerns to be unfounded. Our own research has found that we can save businesses money on invoice finance costs in 4 out of 5 cases with an average saving of 35% found.