Invoice factoring for one customers professional#
Invoice factoring for one customers free#

We will pay you an advance of the invoice, usually between 70-90% before your client has even paid the invoice, making it easy for you to get funds and invest them into growing your business. If you enable us, we will give you an advance on your invoice once it has been verified. Our friendly experts are on hand to provide support for you and your company. No extra or hidden fees, which you may find with other companies.A quick answer as to whether we will manage your invoice, and quick funds into your account as well as a speedy setup.We make it easy for your business to access the funds that are tied into unpaid invoices, allowing your company to unlock that money and improve it's cash flow so that it can invest it into your business. We offer this service on both whole ledger, or a selective basis.

Invoice factoring for one customers professional#

Why not contact our professional and friendly team to talk this through?Īt Payroll Heaven, you can get an advance on any invoices to customers that are outstanding. Normally, our factoring teams will look at the whole turnover of your company, and collect the entire sales ledger for you, however it can be arranged that only part of the sales ledger of your company is collected in this way. Much like spot discounting, selective invoice discounting is where your company will enable a third party to collect the payments from a single client, getting an advance from the third party of a certain percentage. We also state that only a percentage of your sales can be to a single client, this percentage may vary based on your business or whom that client is. So, if you have only one or two customers, this may not be the best option for your company. When we look at providing invoice discounting to companies, often we will not look at individual debtors to your company, we will look to protect ourselves from the insolvency of your company and will work with you if you have a wide base of customers. Many banks and companies are now moving onto this model which they feel is a much safer way to lend money. Invoice factoring and invoice discounting since the credit crunch have become one of the leading ways that businesses can find working capital finance for their companies, as heavier restrictions on unsecured loans have been in place since the financial crash.įor banks and private companies, this is a much safer way to lend companies money, as the invoice acts as collateral for the advance payments.

This allows you to invest in your business’ growth and it keeps your funds steadily coming in as opposed to having to wait for a customer to pay. The funds owed by a client can be released before the client pays, essentially giving you an advance on their payment, if you use invoice factoring or invoice discounting. Invoice discounting, much like invoice factoring, releases funds from your invoices before your client has paid, allowing you to grow and expand your business.īoth terms are talking about the same process, in part.

We understand that your relationship with your clients is of paramount importance to you and your business, and that is why our friendly collections team will work to ensure that relationship is looked after, ensuring future business for you and your company.

Invoice factoring for one customers free#

The invoice will be collected by our friendly and professional experts which will free up more time for you to focus on what matters, running your business.This will be minus an agreed fee with yourselves. – When the invoice is collected by us, and your customer decides to pay we will then make the remaining balance of the invoice available to you. Depending on your business this can be anywhere from 70 – 90% of the original invoice. If you enable us to do this for you, we will then advance you payments upfront, whenever you invoice a customer for goods or services.This may vary for business to business due to what best suits your needs.

We would come to an agreement with your company where our experts will manage your credit control and sales ledger for a fixed period or on a continual basis, whichever suits you best.If you were to choose our experts to collect your payments it would work as follows: