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    Using AI In Invoice Finance

    I had the opportunity to discuss Artificial Intelligence (AI), and its application to the invoice finance sector with James Beck, the CTO of Optimum Finance.CONTACT OPTIMUM FINANCEGlenn: James, what's your role at Optimum Finance?James: I am the Chief Technology Officer (CTO). My background is in IT development and technology, and I am working to integrate cutting edge technologies to enhance the...

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    Invoice Finance Decision In Just 60 Seconds

    You could be approved for invoice finance in just 60 seconds from now.Optimum Finance is leading the invoice finance industry in terms of its recent deployment of technology. It has enabled them to achieve rapid growth, deliver "instant decisions" to new customers, and to offer a remote facility approval service to new UK based companies that are currently in lockdown.Optimum Finance has...

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    I Just Had A "Thank You" From BCR Publishing

    You may be aware that BCR Publishing were kind enough to ask me to speak on a panel about invoice finance auctions at the annual Alternative & Receivables Finance Forum 2019. Well I just received a nice thank you note from them, as follows, that I wanted to share.It read as follows:"On behalf of BCR, I would like to extend a heart-felt thank you for your commitment to making the Alternative and...

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    Emergency Finance Help With The Business Impact Of Coronavirus

    There have been many impacts from novel coronavirus and the hysteria that has surrounded it. In some cases companies have been receiving huge orders to assist with the UK Government's preparations. What might be termed "coronavirus finance" can be essential to help deal with this.Also there have been surges in demand for products that people are stockpiling in preparation for any period of...

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    Coronavirus Business Interruption Loan Scheme (CBILS) And Alternatives

    Following the novel coronavirus outbreak, the UK Government has announced that there will be a Coronavirus Business Interruption Loan Scheme, CBILS for short, available from 23rd March 2020. This will be orchestrated by the British Business Bank (although they don't deal with applications themselves) and the Government will guarantee 80% of the value of the lending by their partner organisations,...

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    FundInvoice Are Business Moneyfacts Awards Finalists 2020

    We are delighted to announce that FundInvoice LLP have been confirmed as "Finalists" for "Best Invoice Finance Broker" in the 2020 Business Moneyfacts awards!This is the 6th year running that we have been confirmed as finalists for an award from BMF - this year we have made the shortlist of just 8 finalists from across the whole of the UK.We really need a testimonial from you so that we can win...

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    Financing Large Orders For Coronavirus Preparations

    Concerns about Coronavirus (CoV or COVID-19) affecting the UK have been rising on the back of media reports, despite some statistics suggesting that the threat may not be as significant as that from normal seasonal flu and other diseases. Regardless of the situation, the Government is taking action.Concern about the virus formerly known as “2019 novel coronavirus" has resulted in the...

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    Funding Big Services Contracts Relating To Novel Coronavirus

    As expected the Government's preparations for a novel coronavirus epidemic in the UK have led to big contracts being placed for support services. In some cases these government contractors will require additional funding.We have been speaking to a communications company that have been awarded a multi-million pound contract to provide communications services, relating to the coronavirus...

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    97.5% Business Funding Success Rate

    We have managed to find funding for 97.5% of the businesses that we have spoken to over the course of the last year.FIND BUSINESS FINANCEWe regularly look back and back to see what proportion of customers we have been able to help. The last time we checked it was 97 percent. Well since then, we have improved by half a percentage point to 97.5%. A really high success rate.That means that we have...

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    Confirmed - Kier Suspended From The Prompt Payment Code

    IMPORTANT NOTICE: THIS SITUATION HAS CHANGED POST PUBLICATION - SEE THE LINK TO THE PROMPT PAYMENT CODE BELOW FOR THE LATEST INFORMATION.Others may have also been surprised to see that Kier are not shown on the Prompt Payment Code suspension list (as at the time of writing), despite media reports that they have been suspended for late payments. The PPC have just confirmed to me that Kier will be...

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    Do You Need Invoice Finance Surveyor Or Auditor Resource?

    Do you need more survey or audit resource? If so a very experienced colleague is looking to undertake surveys and audits, for invoice finance and factoring companies on a self employed basis (please note that the services are provided directly to you by the freelancer and not via FundInvoice LLP).REQUEST A CALL RE SURVEYS / AUDITSWe have know this particular freelancer for a very long time, so we...

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    Funding Alternative Suppliers Due To Coronavirus

    I have written previously about the impact that the UK's preparations for coronavirus by stockpiling could be placing upon UK suppliers, who receive large orders that will stretch their available cash flow. There are solutions to this that we can offer. Call 03330 113622.However, we had an interesting conversation recently with an existing client who have identified a different problem relating...

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    How Do People Fund Their Businesses?

    How do people fund their businesses? I have previously listed all the various funding options that are available to businesses. The new SME Finance Monitor research report from BVA BDRC (Q2 2019) gives some quantified insight into what people are actually using. The study uses significant sample of UK SMEs - 18,002 respondents annually.The results were as follows:Reading through some of the...

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    Invoice Finance Termination Guide

    Termination is the process by which either an invoice finance company, or their client terminates the receivables finance facility that exists between them. The circumstances under which termination occurs can vary, and are explained in this guide to invoice finance termination.This invoice finance termination guide is intended to help companies that have been given notice of termination by...

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    Jack The Lad Gave His Time To Support The Rockinghorse Children's Charity

    I was fortunate enough to be invited to the Rockinghorse Children's Charity, Festive Fundraiser Gig on 3rd December 2019, at the Amex Stadium, Brighton, as a guest of Close Brothers Invoice Finance, one of our panel of funding partners."Jack The Lad", the popular radio DJ, real name Jack Hayes who has just joined More Radio, was there giving his time, free of charge, to compare the charity...

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    Would You Like To Feature On Our Website & In Our Magazine?

    Would you like your business to feature on the FundInvoice website, in our monthly magazine and on our social media channels?How about running a series of articles highlighting your organisation, with a response link that prospects can use to contact you?REQUEST DETAILSWe have had a couple of enquiries recently from businesses wanting to feature on our various channels. Its not something that...

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    How To Credit Check A Customer

    Granting credit to customers is often a leap of faith so conducting credit checks on a customer can give some element of comfort to the supplier. However, even the most well known, household names can fail.Recent experience with long established brands such as Thomas Cook, Mothercare and Debenhams (to name but a few that failed in 2019), shows that no one is immune to problems that can lead to...

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    Please Help FundInvoice Win Best Invoice Finance Broker 2020

    This is your last opportunity to help FundInvoice win the Best Invoice Finance Broker award at the BMF Awards this year, by providing a testimonial before the deadline at the end of January 2020 (NOW CLOSED). Back in December I wrote about how we had been confirmed as "Finalists" for the award - "Best Invoice Finance Broker". This was from the Business Moneyfacts Awards 2020. This made it the...

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    A Request To Fund Crypto Currency Invoices

    We have just had a request in to provide funding against some invoices that are payable in cryptocurrency.It's early days with this particular enquiry, but it appears that the transactions are being quoted, and invoiced, in US Dollars (USD) - but that the transactions are to be paid in some form of crypto. This could be Bitcoin or any of the other alternatives. This could be an attempt to avoid...

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    FundInvoice's Social Media Channels

    Social media is a key part of how we share our content here at FundInvoice. This includes research regarding the invoice finance sector, general articles about business finance, and related content that we write.Just about everything we post will have the hashtag: #fundinvoice so that it's easy to find our material. We have also used #IFaware to help raise awareness of our sector of the business...

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Examples of just a few of our finance partners:

funding invoice
hitachi
nucleus
marketfinance
investeccapitalsolutions
skipton