factoring solutions

Factoring solves problems

Problem:- Business short of cash, continual pressure from suppliers, bank overdraft always being stretched, yet sales levels are ok. If all the customers would pay, supplier & bank pressure would be relieved and there would be funds to put back into the business, or even take out of the business. Factoring Solution:- Factoring can provide up to 95% against your eligible debtors straight away, with the same percentage available against new invoices as and when they are raised. Problem:- Customer goes bust.The damage a customer can cause should it go bust can be severe and it makes sense to take precautions. It is common practice to insure ones car or house yet many businesses simply assume their customer is able to pay. Factoring Solution:- Factoring or Invoice Discounting can incorporate credit insurance so eliminating the risk of customer insolvency and the data Factoring companies hold can be a useful marketing tool in advising which potential customers are good risks and which are bad. Problem:- Time spent on ledger management & collecting invoice payments. It does happen that some businesses become overwhelmed with ledger management issues, be they collections or simply administering a large ledger, thereby compromising what it is the business actually does. Factoring Solution:- Factoring provides complete sales ledger administrative back-up. Managing many ledgers as they do, they are adept and sophisticated in their systems and will manage ledgers professionally & collect funds quicker. Problem:- Selling overseas can brings obstacles to overcome. Used to selling in the UK a business will look at the differences in overseas markets be they cultural, language, legal, time and walk away from potentially lucrative sales opportunities. Factoring Solution:- Most Factors (not all, some are also scared away by the possible difficulties!) offer export services. The good ones employ people with linguistic skills or belong to a network with global representative offices. Factoring Partners has been helping businesses over 10 years now with hundreds of companies enjoying greater funding levels. Factoring Partners can offer impartial opinions on the merits and suitability of services offered, and cut through the jargon, explaining clearly how the facility will work.