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• 21 May

  

  

  Working Capital Partners Go Into Administration

  Working Capital Partners (WCP), the selective invoice finance and trade finance company, have gone into Administration. This appears to be as a result of a recent client fraud. Sad news about a long established firm, that first entered the market back in 2010.If you need alternative funding please contact Sean for help on: 03330 113622.Client fraud is one of the biggest challenges facing...

  By Glenn Blackman
• 19 Aug

  

  

  What's Happening At Optimum Finance? We Spoke To Richard Pepler, CEO.

  I recently had the opportunity to catch up with Richard Pepler, the CEO of Optimum Finance, to discuss developments within the invoice finance sector, and the record results that their business has achieved recently.CONTACT OPTIMUM FINANCEGlenn: What is the new technology that you have just launched at Optimum Finance? Richard: The biggest product innovation that we have recently developed is an...

  By Glenn Blackman
• 10 Jul

  

  

  30 Seconds On - Invoice Finance Explainer Videos

  Nobody has time to waste these days, we all know how it is to be busy. When you are looking for guidance online, YouTube is a good source of information about products and services but I find myself growing more frustrated with the length of guidance videos that I watch, often padded out with calls to "like", and "subscribe" to the subject YouTube channel. So I thought - make it shorter.Watch our...

  By Glenn Blackman
• 08 Oct

  

  

  Single Fee Factoring For Small Companies Using Courier Exchange Or Haulage Exchange

  One of our funding partners have been able to help provide factoring to a number of small courier companies recently. We are seeking further small couriers and hauliers to provide with invoice funding, if you are in that sector and looking for flexible funding support please get in contact.GET A FACTORING QUOTEThe facility that has been most popular is single fee factoring, providing funding...

  By Glenn Blackman
• 10 Oct

  

  

  Natwest Rapid Cash Integrated With Xero Accounting Software

  Natwest have announced that Natwest Rapid Cash has been published on the Xero App Marketplace (posted on LinkedIn).Xero is subscription model cloud based accounting software. Xero was founded in 2006, based in New Zealand, and as at Feb 2019 had 1.8M subscribers worldwide (according to Accountancy Age). As at 10/10/19 Trustpilot shows Xero with an average 3.9, out of 5 stars rating across 1,727...

  By Glenn Blackman
• 16 Oct

  

  

  An Alternative To Funding Business Through Credit Cards

  Are you funding your business through your personal credit cards? It is an easy trap to fall into, and one that can prove to be very expensive. There is a cheaper alternative method of funding your business.An article in the Guardian (21/09/19) quotes figures from Moneyfacts showing that average credit card interest rates have now hit 24.7% - their highest point since 2006. With base rate holding...

  By Glenn Blackman
• 11 Oct

  

  

  Credit Control Tips

  Credit control is a key part of the services that we find for our clients, therefore I am always on the lookout for credit control tips that we can share. Recently I have seen a couple of useful articles, listing some invoice chasing tips.You can also read our free guide to running your own credit control function.Veritas shared an AAT publication - "Chasing Late Payments Without Awkwardness"....

  By Glenn Blackman
• 05 Jun

  

  

  A Warning About Invoice Fraud.

  Avoiding invoice fraud is an important part of providing invoice finance and running any business. We were recently speaking to one of our funding partners who outlined a fraud methodology that is being currently being used. This method of boosting the credit worthiness of a company had been used in an attempted fraud against this particular funder.The fraudsters start by acquiring a company...

  By Glenn Blackman
• 23 Dec

  

  

  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...

  By Glenn Blackman
• 04 Jun

  

  

  Berkeley Trade Finance Has Launched.

  Berkeley Trade Finance has launched, according to a report in Business Money 03/06/19. According to the article, they have already provided funding to "a number of clients".GET A BUSINESS FINANCE QUOTEBerkeley Trade Finance Limited (company registration number 11872190) was registered at Companies House on the 09/03/19 and apparently started trading in May 2019. Co-founders Steven Pleace and...

  By Glenn Blackman
• 14 Oct

  

  

  Invoice Discounting Can Be Available After A Liquidation.

  If your business fails it can feel like the end of your world. What's worse is that you might struggle to get back into business, as traditional lenders don't want to support your new venture. Even if you have had a previous company enter insolvency, such as a compulsory liquidation, you may still be able to get funding if you decide to start a new company. Everyone deserves a second chance.We...

  By Glenn Blackman
• 03 Oct

  

  

  Why Do Profitable Businesses Sometimes Have Cash Flow Problems?

  Why do profitable businesses sometimes have cash flow problems? The answer, is because profitability and good cash flow are not the same thing. Whilst it is more likely that your cash flow will be good if your are profitable, it is far from a certainty.The reason that profitable businesses can still have cash flow problems is to do with how quickly their customers pay, versus how quickly they...

  By Glenn Blackman
• 30 Sep

  

  

  Which Is The Best Factoring Company?

  Which is the best factoring company?We get asked that question a lot - surely it's a simple answer?It sounds like a really simple question, but the answer is a lot more complicated than just stating a single factoring company name, that stands out as being a "head and shoulders" above all the others - and there are currently over a hundred different UK based providers to choose from.This short...

  By Glenn Blackman
• 01 May

  

  

  Cirrus 4Syte Have Rebranded

  Cirrus 4Syte have rebranded to 4Syte Construction. The 4Syte Group now consists of four distinct opperational names that deliver their  invoice financing, and business financing services. These operational names as explained below.If you would like a business funding quote from them, please use the following contact request form:ARRANGE A CALL BACK FROM 4SYTEA range of invoice financing...

  By Glenn Blackman
• 11 Apr

  

  

  Reverse Factoring

  Reverse factoring (sometimes called Supply Chain Finance) is a financial facility that a large company can arrange with a financier, providing a factoring service to some or all of their suppliers. It turns the whole factoring model upside down. Instead of individual suppliers having their own facilities, the substantial debtor puts in place an umbrella arrangement that benefits all (or some) of...

  By Glenn Blackman
• 08 Apr

  

  

  Business Moneyfacts 2019 Awards For Best Invoice Finance Company And Best Service

  The ceremony for the Business Moneyfacts Awards 2019 was held a few days ago. FundInvoice were delighted to be confirmed as "Finalists" in the category of "Invoice Finance Broker of the Year". To be one of just ten brokerage companies across the UK, to make the finals for a national award is a big achievement for a small business like ours.The other categories that always interest us are the...

  By Glenn Blackman
• 07 Oct

  

  

  31% Average Cost Savings Found For Invoice Finance Users.

  We have just checked our stats for the invoice finance cost savings FundInvoice have achieved over the last year. We have managed to find average savings of 31% for our clients. These are savings against quotes for invoice finance that have been sourced elsewhere. So that's almost a third that our clients can save by using our invoice finance price checking service.We can achieve these types of...

  By Glenn Blackman
• 25 Sep

  

  

  Online Invoice Factoring

  Online invoice factoring can have a number of different meanings, each of which I have addressed below. In general terms, factoring normally refers to a facility that provides prepayments against outstanding sales invoices, together with a credit control service to collect those payments in.The modus operandi of factoring facilities will be very different depending upon the provider (called a...

  By Glenn Blackman
• 14 Jun

  

  

  Why Use An Invoice Finance Broker?

  Invoice finance brokers normally work with a range of invoice finance companies, in order to understand what they offer and to be able to introduce prospective customers to the right provider. We are based in St. Leonards-on-Sea, near Hastings in East Sussex from where we handle the whole of the UK. We can introduce you to funders that have offices local to you if required.You may be asking...

  By Glenn Blackman
• 24 Oct

  

  

  Are Cash Flow Constraints Stopping Businesses Taking Orders?

  Marketinvoice published some research in Finance Monthly, that indicates that some 87% of businesses may be stopped from taking on potential orders, due to cash flow constraints. That's a large percentage to be turning away business, at a time when our economy is experiencing little growth in GDP (Gross Domestic Product - the key measure of economic growth).There continues to be, what I would...

  By Glenn Blackman