Invoice Finance
Achieving an effective cash flow is essential to the success of your business particularly if you sell on trade credit terms, whilst chasing payment wastes value time and resources that could be profitably employed elsewhere.
Click here to logon to the Invoice Finance System.
How we can help you:
Invoice Finance can help to fund, manage and protect your local and/or international sales, unlocking the power of your sales ledger and freeing up valuable time and resources. It is a responsive, cost-effective alternative to a bank overdraft or loan.
Our Finance service offers a flexible source of working capital driven directly by your trade credit invoices.
Our Credit Management service can help with the stressful, time-consuming job of collecting customer payments. We provide a professional credit controller, and a planned, consistent collection routine, collecting in an appropriate, professional way that supports good customer relations.
Benefits & Features:
- We agree customer credit limits and payment targets with you in advance
- You make a sale on credit terms, and provide the goods or services to your customer
- You send the invoices to us, by post or online via our Internet Invoice Finance facility.
- We make up to 85% of the value of the invoices available the next working day
- HSBC sends statements and reminders
- We provide you with a dedicated credit controller to undertake telephone credit control as appropriate and handle calls from your customers
- Once payment is received from the customer, you receive the remaining balance less our charges
- We provide you with a cash allocation service
- Up to date Management (sales ledger) information through our Internet Invoice Finance system
- Dedicated Invoice Finance Manager
Protecting Cash Flow and Profits
Protecting cash flow and profits against the risk of bad debts or payment delays is another issue that businesses face and which give them lack of confidence to accept new orders.
How can we help you :
Our credit protection service is a flexible and cost-effective alternative to trade credit insurance. It means that if a credit protected invoice is unpaid after 120 days past invoice due date, or your customer fails, we pay you any outstanding balance due, with no lengthy claims procedure, no additional proof of loss required and no legal fees.
Additional Features and Benefits with credit protection
- Individual credit protected limits are provided for each of your customers
- Limits are quickly and easily requested, set up and viewed online
- Your sales are protected above the agreed first loss, up to the credit protected limit for that customer
- Equally effective for both local and international sales
- May only be used in combination with our Finance and/or Credit Management services
