- 17 Mar
More Details Of That 50% Invoice Finance Cost Saving
Yesterday I mentioned that we had managed to find one prospect an invoice finance deal that would save them 50% of their current costs, today I have more details of that cost saving case study.
The prospect was a small wine supplier that had a recourse factoring deal from a bank owned factoring company.
They were paying a combined service charge and discount charge of over £12,000 per annum in combined fees which we were able to reduce by 50% by finding them an alternative factoring company, saving them c. £6K per annum in factoring charges.
This has been achieved using our free quotation search so it has not cost our client anything and they have saved £6K each year.