Wednesday 15th Sep 2021
Dispelling the myths around Invoice Finance
As business leaders all over the globe investigate new methods to manage cash flow and minimise the stresses of handling an organisation’s funds, Invoice Finance has stepped up to the plate as a stress-free funding facility which helps business owners leverage their unpaid invoices — offering an instant cash injection directly into the company.
This system provides a solution where payments are collected on your behalf and managed by a team of expert credit controllers, so you can focus on the ‘bigger picture’ elements of running your organisation.
But, while invoice finance has established itself as a viable funding option for growing businesses, age-outdated myths around the topic still remain. In our new blog, we dispel four common misconceptions…
It’s only applicable to businesses in financial trouble
On the contrary, invoice finance serves as a funding solution which offers cash flow for growing organisations, enabling further victory in their expansion. Many of Hitachi Capital Invoice Finance’s previous success stories are with customers whose businesses are on a significant rise.
Whether you’re exploring invoice finance as a means to take on larger projects or you’re approaching a busy period for the company with plenty of outgoings, we can help you on your mission.
You’ll be trapped in a long-term contract
We want each of our customers to be happy with the service we provide. That’s why we offer a six-month trial period so you can get a real sense of how the product works, and if it’s the right option for you and your business.
If, after the trial, you decide to proceed — and we really hope you do — you will begin a six-month rolling contract, so you’re never tied down for extended periods, giving you true peace of mind that you’re in control.
Invoice Finance is expensive
Hitachi Capital was the first provider to offer a one fee solution from 0.45% to 5% of your company’s turnover — depending on the size of the business. With our product, you are guaranteed there will be no hidden fees, set up costs, or extras.
Our invoice calculator gives you an estimate of price and an idea of how much cash you could inject back into your organisation with Invoice Finance.
It ruins the relationship with your customers
Some companies have been known to act a little unprofessionally when it comes to chasing payments, which can easily damage client relationships that you’ve worked so hard to build.
With our confidential Invoice Finance scheme, people from within your business will raise invoices, manage collections, and keep direct control over customer relationships — meaning your clients will remaining totally unaware of third-party involvement.
To discuss Invoice Financing in more detail, contact one our reliable and professional advisors and let us help give your enterprise a boost.