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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 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
• 01 Feb

  

  

  January 2019 FundingVoice Magazine Is Online

  The January 2019 edition of FundingVoice magazine is now available online.READ THIS AND OTHER BACK ISSUESThe first edition of 2019 has several articles more than normal - we always have so many different stories its hard to select just a handful.This time its a mixture of rumours and news from some well known invoice finance companies and some specific help for manufacturers and construction...

  By Glenn Blackman
• 12 Dec

  

  

  FundInvoice Are Business Moneyfacts Awards Finalists 2019

  We are delighted to announce that FundInvoice LLP have been confirmed as "Finalists" for "Best Invoice Finance Broker" in the 2019 Business Moneyfacts awards! This is the 5th year running that we have been confirmed as finalists for an award.We really need a testimonial from you so that we can win this award - if you are a customer, a prospect, a funder that we work with, or a reader of our blog...

  By Glenn Blackman
• 11 Feb

  

  

  Sancus Finance Supply Chain Finance To Shutdown

  Reports from StockMarketWire and Morningstar suggest that GLI Finance have taken the decision to shutdown their Supply Chain Finance division, Sancus Finance Ltd, as performance fell short of expectations, with a forecast operating loss of £1M.Performance was apparently impacted by a £1.1M exposure to a supply chain finance borrower, which recently went into Administration. The group prudently...

  By Glenn Blackman
• 05 Nov

  

  

  Invoice Discounting Service Charge Average Percentage

  Invoice discounting service charge is often the term people use when referring to the "administration charge" made for invoice discounting services. It is the percentage of your turnover that you pay the funder to use the service.GET A QUOTE WITHOUT OBLIGATION (and no impact on your credit score).Read about how the costs are made up and what typical costs will be.To compare the fees between...

  By Glenn Blackman
• 15 Nov

  

  

  Telephone Debt Verification Removed From Take On Process

  An interesting development from one of the invoice finance companies, who must remain anonymous for what will become obvious reasons.They have decided to remove the telephone debt verification procedure from their take on process, for new customers.Telephone debt verification is the process by which the invoice finance company will contact customers from the clients sales ledger, in order to...

  By Glenn Blackman
• 01 Nov

  

  

  Invoice Factoring For Recruitment Startups

  No sooner had I finished publishing our free business startup guide and we received an email from someone that is looking to launch a new startup recruitment company next year. The question asked was as follows:“. . . would like to query whether we would be eligible for invoice factoring. I acknowledge that with a lack of a trading history this may not be straightforward,”.The alternative...

  By Glenn Blackman
• 26 Nov

  

  

  Discussion Points From The Alternative & Receivables Finance Forum SME Insights Panel

  Following my previous post about the SME Insights panel at the Alternative & Receivables Finance Forum, I went to what was a well organised event, by BCR Publications, at the De Vere Grand Connaught Rooms, London, last Thursday, I was fortunate to have a great group of panelists, for the discussion which covered SME opinions on business finance, Brexit, Fintech and receivables financing trends.I...

  By Glenn Blackman
• 20 Nov

  

  

  Are Revolving Credit Lines More Popular Than Single Invoice Finance?

  Which is more popular single invoice finance (SIF) or revolving credit lines? Our experience, as detailed below, is that the majority want revolving credit, with a more modest niche demand for SIF.COMPARE INVOICE FINANCE QUOTESIt's probably best to start with brief definitions of what these terms mean (see our free receivables financing guide for more information). Single invoice finance (SIF -...

  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
• 30 Oct

  

  

  New Startup Business Checklist

  The following business startup checklist is a high level list of the issues and items you need to think about when starting a new business.It is not in any order of importance and some of the items on the list are at a very high level, so there may be a number of subsidiary issues that you have to address under any of the following points.However, it should give anyone starting a new business...

  By Glenn Blackman
• 16 Nov

  

  

  SME Insights Panel - Alternative & Receivables Finance Forum

  I had a briefing with the panelists for the SME Insights Panel at the Alternative & Receivables Finance Forum today, ahead of the event that I have been asked to moderate next week. The forum is organised by BCR Publishing, and there is a full day of presentations, panels, case studies and networking opportunities planned around alternative and receivables finance.The SME Insights panel promises...

  By Glenn Blackman
• 18 Oct

  

  

  Invoice Finance Is Not An Alternative To Having A Viable Business

  I spotted a recent article published by TheBusinessDesk.com regarding the financial woes of a direct mail business called SDM. The business has apparently failed, despite having a 100% prepayment from an invoice finance facility. The article reminded me of how vital it is to have an underlying business that is viable, for invoice finance to help.In this particular case, the article alleges that...

  By Glenn Blackman
• 17 Dec

  

  

  World Of Open Account (WOA)

  I have just registered with the World of Open Account (WOA), which is a new inclusive global Community of professionals and companies, engaged in open account receivables finance, that was launched on the 10th December 2018.WOA ’s website states it's mission as "to be a networking, competence and innovation centre for its members".The global receivables community was launched by Erik...

  By Glenn Blackman
• 16 Jan

  

  

  How Does Invoice Finance For Car Crash Repairs Work?

  Increasingly we have seen car repair body shops turning to invoice finance to fund their crash repair invoices. We have literally just been contacted by another small garage turning over £100K per annum, trading with a small number of insurance company debtors with a handful of invoices they want to be funded against. This is type of funding is very straightforward to arrange, such that it can...

  By Glenn Blackman
• 19 Oct

  

  

  Recruitment Acquisition Finance

  We are looking at a prospect that is seeking recruitment acquisition finance for a business that they are seeking to purchase. I highlight this as a reminder of how invoice finance can be used to fund company acquisitions.In this case it is a recruitment sector company, however the same approach can be applied to any sector.There are two possible ways in which you can structure this type of...

  By Glenn Blackman
• 25 Feb

  

  

  The Price Of Single Invoice Finance

  Comparing prices for single invoice finance is not quite as straightforward as you might expect. I have just been looking at an example of some costings sourced for a prospective customer and there are numerous different pricing systems being used by the different invoice finance companies that we have spoken to.It is always worth comparing selective quotes against other forms of invoice...

  By Glenn Blackman