Factoring
Invoice Discounting
Confidential Discounting
Non Recourse
Bad Debt Protection
Export Finance
INVOICE FINANCE
If you are looking for quotations and prices for invoice finance we can help. We offer a free, independent quotation search service. We can normally save you money on quotations that you have received elsewhere or on the cost of your existing facilities by finding you a provider that will meet your requirements for service quality.
WHAT IS INVOICE FINANCE?
The most valuable asset of
many businesses is their outstanding sales invoices which are often overlooked
when it comes to raising finance. Invoice Finance seeks to address this by
providing revolving finance against the outstanding sales ledger of the
business.
Immediately the invoices are raised, the invoice financier will provide an
initial payment (or early payment) against the gross value of the outstanding
sales ledger and thereafter, the invoice financier will provide an early payment
against subsequent approved invoices as they are raised. This can improve the
cash flow of the business.
There are two principle types of invoice finance,
factoring and invoice discounting.
With factoring, the invoice financier (called a factor) will:
-
Provide finance against the sales invoices.
-
Provide sales ledger management by running a sales ledger for the client and posting new invoices and cash to that sales ledger.
-
Provide a sales ledger collection service whereby the factor will send out statements, chasing (also known as dunning) letters to clients and making telephone calls to debtors to chase in the outstanding invoices.
With invoice discounting, the invoice financier (known as an invoice discounter)
will provide finance against the sales invoices only. This leaves the
client to run their own sales ledger and to collect in the outstanding sales
invoices. In some cases an invoice discounting facility can be confidential
(Confidential Invoice Discounting) so that the debtors do not even know of the
invoice discounter's involvement.
For more information about the various forms of invoice finance contact us:
Call us on: 01892 785947
or email:
info@tradespring.co.uk
or complete an: ONLINE INVOICE
FINANCE
QUOTATION SEARCH REQUEST
© 2006 Tradespring Limited
All calls may be recorded for training and monitoring purposes.
By contacting Tradespring Limited you are confirming your acceptance of our
Standard Customer Terms and Conditions of
Trade.
Invoice Finance
Trade Finance
Asset Finance
Customer Surveys
Marketing & PR
Printing & Design
Web Design & Promotion