- 07 Feb
Typical Invoice Finance Price In The UK
If you are looking for the typical price for invoice finance in the UK, we have a number of examples of invoice finance prices and quotes on our website.
Typical Invoice Finance Prices UK
Whilst these will give you some idea of the typical cost associated with using factor and it was discounting, there are nuances in pricing that will apply specifically to your organisation. The best way of determining the exact cost for your company is to speak to Sean and ask him to undertake a invoice finance quotation search via our, using our secure data upload facility.
We will then be able to search the market for you and provide you with details of the cheapest quotes that we are able to find.
Is Finding The Cheapest Invoice Finance Company The Best Option?
Whilst selecting the cheapest provider may appear to be a sensible strategy, it is not always the case that this approach will be in the best interests of your business. For example, when you are receiving a service such as factoring, where a credit control function is provided by this invoice finance company, it is important to look at the service levels provided by the funder, rather than just compare them via their pricing.
For example, we have come across a number of situations where factoring quotes of a particular provider appear very cheap, however the service provided by the funder only extends to chasing the top few debtors. In such situations, you would need continue to maintain your own internal credit controllers, which can lead to less of an overall cost benefit to your business.
Comparing Service Levels
Once again, you will see details on our site of how service levels compare between different factoring companies, and we will gladly guide you with our broad experience of the quality of service that is provided by the various provider companies.
In making a decision about which factoring company to use, there is a balance to be drawn between picking based on price and choosing according to the quality of the credit control service that is delivered. You should also bear in mind, that most providers will be able to put you in touch with at least a few customers that will speak well of them. A more important measure is how they perform in independent research, such as that which we conduct.