Users Of Invoice Finance - Quotes - Why They Picked Their Facility

Leading on from my article Revealed - Why Clients Pick Particular Invoice Finance Facilities this article details some actual quotes from the invoice finance users that we interviewed. If you are considering using invoice finance these quotes from existing users might reassure you about the full range of benefits that your can receive from using factoring and invoice discounting.

These were some of the reasons they gave for their choices (multiple repetitions of similar quotes have been removed):

  • "Easy to use flexible funding and collections".
  • "Found them most suited when looking online, flexible, easy to use and hassle free".
  • "Cashflow runs smoothly and don’t have to worry about outstanding invoices all looked after".
  • "Best facility for value for money, needed flexible growth one that worked and grew with us".
  • "Bank recommended it to help with chasing old debts and release money".
  • "Needed flexible hassle free funding".
  • "Help with collections whilst improving cash flow and helping us to grow".
  • "Helped collect payments whilst giving peace of mind of cash flow".
  • "Speed up cash flow".
  • "Help chase customers and provide flexible funding".
  • "Best deal and liked idea of somebody else chasing payments as didn’t want to ruin relationship with customers".
  • "Needed flexible funding that grew with us".
  • "Help chasing invoices".
  • "Need help with chasing customers for payments and it works really well".
  • "Got turned down for overdraft".
  • "Bank wouldn’t give us an overdraft so offered us factoring instead".
  • "Only factor that would offer facility we needed, wanted help chasing customers, easy to use online facility and flexible funding".
  • "Suited smaller growing businesses".
  • "Needed funding that grew with us".
  • "Need finance for growth".
  • "Just what I needed, credit control, online access and cash flow assurance".
  • "Catered for smaller businesses".
  • "Came out top online and cheapest facility".
  • "Cost effective and suited our needs which were help to collect payments".
  • "Came out cheapest".
  • "Perfect solution had lots of outstanding invoices, needed help collecting them and it freed up a big lump of cash which really helped".
  • "To help collect payments and to free up my time".
  • "Just what we were looking for help chasing payments and immediate cash release".
  • "Cost savings".
  • "Better flexible cost effective facility".
  • "Helps free my time in order to focus on growing my business".
  • "Suited our needs, wanted flexible funding that grew with our business, you don’t get this with overdraft and loans etc".
  • "Got behind with getting money in, had all got a bit much, needed a facility whereby somebody else took control of that side of things and freed up my time. Bonus is that it has improved cash flow and helped us grow".

It is encouraging to see so many positive comments about the benefits of invoice finance.

Source: Invoice Finance Users Survey February 2015 (100 Respondents)

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