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• 27 Nov

  

  

  Clients Returning So We Must Be Doing Something Right

  We hope that our clients will stay with us indefinitely, however occasionally a client will choose to leave the invoice finance company that we introduce them to, in favour of an alternative. However, that is not always the end of the story. Like boomerangs, sometimes they come back!GET A FREE INVOICE FINANCE QUOTEI was pleased to see a recent example of a client recontacting FundInvoice, after...

  By Glenn Blackman
• 21 Jul

  

  

  Urica Supply Chain Finance Liquidation

  Urica, the new Global Supply Chain Finance company has announced on its website the appointment of liquidators as at The 20th of July 2018. The liquidation is apparently as a result of a large fraud in France.If you are an existing client of Urica, looking for an alternative source of finance please contact Sean on 03330 113622 and he will help you find what you need.A quick look at Companies...

  By Glenn Blackman
• 01 Jun

  

  

  Populous Completes The Worlds First Blockchain Based Invoice Finance Transaction

  Populous have apparently completed the world’s first blockchain based invoice finance transaction, with the debtor having paid their invoice, completing the payment cycle.You may be aware that I have written previously about this, and discussed the security benefits of using blockchain to reduce invoice finance fraud.It would seem to me that the key to how useful this type of technology could...

  By Glenn Blackman
• 23 Feb

  

  

  How Invoice Finance Prices & Funding Levels Compare Between Companies

  Before you go ahead with an invoice discounting facility you may want to read our summary of how prices and funding levels compare between different invoice discounting companies.GET A QUOTE FOR INVOICE DISCOUNTINGWe conducted this comparison by seeking quotes for a client, from a number of different providers that offer these types of invoice discounting facilities. The client was of an average...

  By Glenn Blackman
• 15 Mar

  

  

  Funding Invoices For Body Shops

  If you are a body shop, undertaking crash repairs that are billed to insurance companies, you may be waiting 60 days or more to get paid for the work that you undertake.You don't have to wait to get paid, you can sell those invoice for their full value (less a small charge for using the service) and get your money in 24 hours. You will not have any further responsibility after you sell the...

  By Glenn Blackman
• 17 Mar

  

  

  What Is A Prepayment?

  There is a lot of jargon used in the invoice finance industry, "prepayment" is one of many terms commonly used without explanation. Below we explain what a prepayment is. It can also be called an "early payment" or an "initial payment" by some providers.A prepayment is a cash advance against an unpaid sales invoice raised on credit terms, or application for payment - which are sometimes used in...

  By Glenn Blackman
• 20 Feb

  

  

  Chasing Invoices Via Social Media

  I noticed an interest in chasing unpaid sales invoices via social media and I thought it would be good to add something about this to our existing comprehensive credit control guide.The first question is whether this is the right channel to use or not?I think the truth is that if you have resorted to using social media such as Twitter, Facebook, LinkedIn or Google+ to chase your invoices, you...

  By Glenn Blackman
• 13 Jun

  

  

  Nucleus And Skipton Product Information Added

  We constantly update information about the various invoice finance companies on this site, and are we have just added two new product services pages for two providers.Both of these companies are members of our panel of funding providers, and from the product information pages you can access links to make contact with them.Over the last few days, I have also been reminded, how the approach and...

  By Glenn Blackman
• 16 Mar

  

  

  Invoice Finance For 100 Percent Permanent Placements

  An interesting recent case where one of the invoice finance companies passed a client to us, that they were unable to assist.This particular case was a specialist recruitment company, dealing with the education sector - staff such as nursery teachers. The agency dealt with 100% permanent placements, that is recruiting for permanent roles, rather than temporary staff.Temporary staff recruitment is...

  By Glenn Blackman
• 13 Mar

  

  

  Funding For Growth In Body Shop Car Crash Repairs

  The body shop car crash repair sector is one that often uses invoice finance to fund their growth. There are specialist funders that deal with the body shop sector and the funding service tends to work in a slightly different way to other sectors.The most obvious difference with body shop invoice finance is that the prepayment level is often 100% of invoice values (less charges). This high level...

  By Glenn Blackman
• 21 Mar

  

  

  How Does Body Shop Factoring Work?

  Car repairers, and car crash repair specialists, often use body shop factoring to release the money tied up in unpaid sales invoices.Although their invoices tend to be to insurance companies, which can be of good standing, there can often be a delay in receiving payment, which can mean waiting 60 days or even more in order to receive payment for a repair that has already been completed. This can...

  By Glenn Blackman
• 14 Mar

  

  

  Why You Should Not Just Compare Invoice Discounting Pricing Percentages

  So often we speak to customers that are comparing various offers for invoice discounting, and their key measure for comparison is the headline administration (often wrongly referred to as service charge) charge percentage.With an offer for invoice finance, you normally are quoted a service fee (or administration fee for invoice discounting), a discount charge (similar to interest) and then there...

  By Glenn Blackman
• 01 Mar

  

  

  Need Help Paying VAT HMRC Tax Bills?

  Do you need help paying your VAT tax bill from HMRC? If so, we may be able to offer you some options.Already we are in March, and coming up to the end of the first VAT (Value Added Tax) quarter of 2018. VAT returns and payment of outstanding Value Added Tax will be required one month and 7 days after the end of the period. It's not much time between the end of the quarter and the deadline for...

  By Glenn Blackman
• 09 Mar

  

  

  Hedging Funding Risks - Don't Discount Your Options

  A key part of running your own business is identifying risks and mitigating them, always hedging your bets.We had an interesting example recently with a prospective client that almost lost out by discounting quotes for business financing, believing that they had their requirements covered by other lenders that subsequently withdrew their indicative offers.In this particular example, the client...

  By Glenn Blackman
• 19 Feb

  

  

  The Pros And Cons Of Selective Invoice Finance

  Selective invoice finance (SIF) has a number of pros and cons when compared with a whole turnover (WT) facility.It should be noted that there are many similarities between both SIF and WT, for example, both types of facility deliver cash flow improvements, both have credit control, bad debt protection and confidentialty options.This is an explanation of the key differences....

  By Glenn Blackman
• 10 Mar

  

  

  Business Moneyfacts Awards Spare Ticket

  We have a spare ticket for the Business Moneyfacts Awards 2018 if anyone is interested?If you watch my factoring blog you will know that FundInvoice are Finalists for "Invoice Finance Broker of the Year 2018", and the results are announced at a Gala dinner in March. This will be fourth year running that we have made the shortlist of finalists. Normally, Sean Morrow attends the awards dinner but...

  By Glenn Blackman
• 21 Feb

  

  

  Need A 100K Business Loan?

  What could you do with a cash injection of £100,000 into your business?That is exaclty the kind of business loans that we have recently secured for clients, and that level of funding is far more available than you might think.You could use that money within your business for almost any purpose that you wish.£100K is a lot of money, and you could put it to good use within your company. Some of...

  By Glenn Blackman
• 22 Mar

  

  

  What Is Confidential Invoice Finance?

  Confidentiality is a term applied to an invoice finance facility where the debtors (the customers of the company using the facility) are not aware of the involvement of the invoice finance company. Some companies prefer this as they do not want customers to be aware that they are using funding or a third party outsourced service.It is an umbrella term for a range of different variations on a...

  By Glenn Blackman
• 26 Feb

  

  

  Bad Debt Protection For A Construction Business

  The focus on bad debts within the construction sector, and protection against your business suffering from large companies failing has been brought into sharp focus with the recent failure of Carillion. The construction sector conglomerate went into liquidation reportedly owing it's supply chain of contractors around £2 billion. If you have been affected by the collapse there are plenty of...

  By Glenn Blackman
• 19 Mar

  

  

  How To Finance A Large Order

  The feeling when you win a large order, or contract, can be amazing. However, the euphoria can be short lived as large sales often bring with them a number of potential problems, not least of which may be how to finance a large order.The first issue is that your resources may have to be focused on delivering against that large order. This can take your focus away from dealing with smaller...

  By Glenn Blackman