Invoice Finance Benchmark Checker Tool
Benchmark your existing invoice finance facility against our indicative pricing model.
If you already have a facility or a quotation, enter the figures below to see whether your costs appear competitive. The result is only an indication, but it may help you decide whether your facility is worth reviewing.
Check Your Invoice Finance Costs
Figures are indicative only. VAT, ancillary charges, debtor profile, sector risk, invoice volume and facility structure may affect actual costs.
Why Businesses Use An Invoice Finance Benchmark Checker
Many businesses arrange an invoice finance facility and then leave it unchanged for years. During that time, provider appetite, pricing, funding levels and service options can change. A facility that was competitive when it started may not remain the best option later.
This benchmark checker is designed for businesses that already have an invoice finance facility or a quote. It does not replace a full market comparison, but it can give an indication of whether your current or quoted costs look broadly in line with our model.
The key point is to look at the combined annual cost, not just one charge in isolation. A low service fee can be offset by a higher discount charge, and a low headline rate may not reflect the total cost of the facility.
Benchmark Methodology
This benchmark checker uses an indicative pricing model developed from our experience of the UK invoice finance market. It is intended to provide a guide only and should not be regarded as a quotation.
For additional research into invoice finance pricing, facility structures, provider behaviour and market trends, see our UK Invoice Finance Benchmark Report.
View the UK Invoice Finance Benchmark Report
How The Benchmark Checker Works
The checker compares your entered costs against an indicative pricing model for invoice finance, factoring and invoice discounting. It uses turnover, product type, estimated funding usage and the current bank base rate entered above.
The result should not be treated as a quotation. It is designed to indicate whether your current facility or quotation is worth reviewing.
Why Your Costs May Differ
Invoice finance costs can vary depending on your turnover, sector, debtor spread, invoice volume, facility structure, contract period, concentration risk and whether additional services are included.
A facility that appears expensive may still be appropriate in some circumstances, but it is often worth checking whether another provider could offer a more competitive arrangement.
FAQs
What is an invoice finance benchmark checker?
An invoice finance benchmark checker compares your current or quoted costs against an indicative pricing model. It is intended to show whether your facility appears competitive, rather than explain how invoice finance works in detail.
Will this checker tell me the cheapest invoice finance provider?
No. It indicates how your costs compare with the benchmark model. The cheapest provider will depend on your turnover, sector, debtor profile, funding needs and facility structure.
Should I use this if I already have an invoice finance facility?
Yes. The checker is primarily intended for businesses that already have a facility or have received a quote and want to assess whether the costs are worth reviewing.
Can I enter annual pound values instead of percentages?
Yes. You can enter your service or admin fee and discount charge as annual amounts in pounds. This can be useful if your provider has quoted fixed annual fees rather than percentages.
Why might my actual invoice finance costs differ from the benchmark?
Your costs may differ due to your sector, debtor spread, invoice volume, facility size, contract terms, concentration risk, bad debt protection, additional services, or other charges.
Does a higher result mean I should definitely switch providers?
No. A higher result may mean your costs are worth reviewing. Service quality, funding availability, contract terms and reliability should also be considered before changing providers.
Can FundInvoice review my existing invoice finance quote?
Yes. FundInvoice can review an existing facility or quote and compare it with market alternatives. Our service is free to clients because we are paid by the finance company if a facility is successfully arranged.
Related Resources
- Invoice finance costs
- Invoice finance
- Factoring
- Invoice discounting
- Cheapest invoice finance options
- Free invoice finance quote search
Free Independent Review
FundInvoice LLP is an independent invoice finance broker. We compare providers free of charge for clients, as we are paid by the finance companies if a facility is successfully arranged.
If you already have a facility or quotation, we can review it to see whether there is a better option available.
