What is confidential factoring?
Confidential factoring will improve a business’ cash flow by releasing working capital tied up in its sales ledger, whilst the dedicated sales ledger management service - a key element of all factoring solutions – is provided by the invoice factoring company on a confidential basis.
Many owners prefer to keep their business’ finance arrangements private, and a confidential factoring facility ensures this as the invoice factoring company performs the credit management under your business’ name.
What are the benefits of confidential factoring?
- Typically, 90% of your sales ledger value is made available to you within 24 hours of invoicing through confidential factoring, giving you immediate access to working capital.
- The confidential aspect means the sales ledger management element is discreet, keeping your customers unaware of any involvement from the invoice factoring company.
- Confidential factoring relieves the pressures associated with chasing debts and managing cash flow.
- The working capital released can be used to fund your day-to-day cash requirements and future expansion.
Is confidential factoring right for my business?
With more than 70 invoice factoring companies in the UK and Europe currently offering a wide range of confidential factoring solutions, finding the facility that best suits your business can be difficult.
Hilton-Baird’s knowledge of the factoring market as the UK’s leading factoring broker means we are able to determine which invoice factoring company would be best suited to your business in terms of service, cost and culture.
To find out which confidential factoring solution would best suit your needs, call us on 0800 9774833 today or get an instant factoring quote.
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