Staying Competitive in a Changing Market
These are challenging times for the manufacturing and supply sector. Opportunities are becoming more competitive and margins are shrinking. Your customers are taking longer to pay their invoices.
We can help you improve your cash flow by providing advances of cash against the value of your outstanding invoices. Then as you issue new invoices, we can release up to 90% of the value of that invoice within 24 hours. The remaining funds are paid to you, less a small service fee, once we receive payment from your customer. This gives your business access to an ongoing supply of cash linked to your sales. So as your business grows, so does the amount of funding available to you. You can use this cash to put growth plans into action.
In addition to the cash that we provide, we can also save you valuable management time. Time better spent focusing on growing your business. We provide a receivables management service where we pursue and collect outstanding invoice payments from your customers on your behalf, so that you have more time to concentrate on generating new business. We will prepare and send out statements, telephone all of your customers, collect payments for you and maintain professional and detailed accounts of your transactions. We will provide you with 24-hour online access to your reports, including scanned images of the checks that we receive.
How much does it cost?
Our services are tailored to your business so the fees will depend upon your specific needs. You have the option of financing all your invoices or selectively factoring invoices as you need cash flow. Please see Factoring for more information.
Suppliers and Distributors
For suppliers and distributors, purchase order funding can often be utilized. You can take on large orders with no or minimal outlay of cash. Please see Purchase Order Funding for more information.