Invoice finance enables you to access the money from an invoice's value within 24 hours of issuing it. It allows you access the the money that you’re owed, quickly, without the hassle of chasing payments or waiting weeks, even months, for overdue invoices to be settled.
Late payments can be frustrating and disruptive, especially when they put a strain on your business’s cash flow through no fault of your own. Every business needs a dependable cash flow to thrive, and invoice financing offers a way to bridge that gap.
If managing customer payments is taking time away from running your business, factoring could be the perfect solution. With invoice factoring, a dedicated credit control team will take over the collection of your outstanding invoices, allowing you to focus on growing and managing your business.
Assistance with Credit Control - Invoice Factoring
With invoice discounting, you can access cash before your customers make payment, while still managing the collection of those payments yourself. This option allows you to maintain control over your customer relationships, and your use of invoice finance remains discreet, so your customers won't be aware of the arrangement.
For businesses with project-based or contract work, there are specific financing options designed to suit this payment structure, where contracts are typically long-term and payments are received in instalments.
For businesses with global operations, there are specialised financing options tailored to support international trade. These solutions, along with foreign exchange services, can help streamline your transactions and safeguard against the risks of fluctuating currencies.
For businesses that import goods, trade finance could be the solution you need. It allows you to negotiate better terms, purchase inventory, and boost operational efficiency, all while securing the capital required to keep your supply chain moving smoothly.
When using invoice finance, many businesses opt for protection against bad debts. This safeguard ensures that even if a customer is unable to pay, you’ll still receive the funds owed to you, offering added peace of mind.
Invoice factoring provides immediate access to the funds tied up in unpaid invoices, typically within 24 hours. This ensures your business has the working capital needed to cover expenses like payroll, supplier payments, and operational costs without waiting weeks or months for customers to settle their bills.
With invoice factoring, if a business chooses to, a third party can handle the collection of outstanding invoices, saving your team time and effort. This allows you to focus on core business activities like growth and customer service, rather than chasing payments.
Unlike a loan, invoice factoring is not about borrowing money. Instead, you’re accessing funds you’ve already earned. This means you avoid taking on additional debt or incurring interest payments, keeping your finances healthier in the long run.
Raven & Co Recovery Ltd
Toad Hall Barn, Barthomley , Crewe, CW2 5PQ
Telephone: 01270 904338 Email: info@ravenandco.uk
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