What is invoice finance?
Invoice finance releases up to 90% of an invoice's value within 24 hours to avoid the delays in getting paid commonly experienced with trading on credit, thus boosting your business’ cash flow to provide the necessary working capital to focus on your day-to-day tasks.
Also known as accounts receivable finance,
invoice finance is the umbrella term for factoring and invoice discounting solutions
that can be tailored to suit a company’s individual cash flow requirements.
What are the benefits of invoice finance?
- Invoice finance is more flexible than more traditional finance for business as the cash you can access grows in line with your sales ledger.
- By boosting your cash flow in just 24 hours, invoice finance allows you to bridge the cash flow gap between paying suppliers and receiving
payment from your customers.
- Invoice finance enables your business to negotiate supplier discounts.
- Credit control can be built into the factoring invoice finance solution to reduce in-house overheads and improve your business’ sales ledger management.
- Credit protection can be added to either the factoring or invoice discounting invoice finance solutions to protect against debtor insolvency or protracted default.
- Invoice finance can be used to help fund acquisitions or mergers.
- Unlike a bank overdraft, invoice finance solutions cannot be recalled on demand.
Factoring or invoice discounting? Invoice finance solutions that work…
Invoice finance solutions can be tailored to suit the individual cash flow requirements of businesses across most sectors. With over 70 invoice financiers across the UK and Europe from high street lenders to independent factoring companies, speaking to a specialist broker will help to save time and money when searching for the right finance for your business.
- Factoring
Factoring allows you to focus on your core business by improving your cash flow while the factoring company provides a dedicated sales ledger management service. Debtor protection can also be incorporated if required.
- Invoice Discounting
Invoice discounting solutions enable you to access cash against your invoices whilst retaining control of your sales ledger and credit management. It can be provided on a confidential basis, depending upon the needs of your business.
Specialising in factoring, invoice discounting and invoice finance as the UK’s leading independent commercial finance broker, Hilton-Baird will be able to identify the most appropriate and cost-effective invoice finance facility and provider to meet your business’ requirements.
To understand more about which invoice finance solution meets your business’ cash flow requirements, call us on 0800 9774833 or email info@hiltonbaird.co.uk. Alternatively, you can get an invoice finance quote in three easy steps here…