Monday 17th May 2021
Many business leaders all over the world are exploring new ways to manage cash flow and reduce financial strain. So, if you’re doing the same, could invoice finance be for you?
Invoice finance is a funding facility which helps business owners leverage their unpaid invoices, giving an instant cash injection into the organisation. Traditionally, it can release up to 90% of an organisation’s invoices straight away. And, upon payment of the amount from their customers, the lender will then release the final total — minus any fees and charges.
This system offers a solution where payments are collected on your behalf and managed by a team of expert credit controllers, so enterprise leaders can focus on the ‘bigger picture’ elements of running their organisation, such as people, processes, and systems.
Any business owner or accounts officer will understand how expensive it is to keep a modern organisation running, with monthly, or even weekly expenses quickly eating into your cashflow. The cost of utilities, insurance, mortgage or rent payments, and salaries can all lead to a strain on the company finance — especially if there’s a significant delay in money coming in!
The advantages of Invoice Finance
One of the main benefits of the invoice finance system is your company cashflow will immediately receive a boost, without having to wait up to 90 days for outstanding payments to be made. Speedy access to increased funds will give you the ability to make monthly business payments unhindered while taking on more new business opportunities with a safety net of cash in the bank! This ultimately means your business will be able to both settle any bills and importantly, invest in further growth.
The Invoice Finance function offers business owners true peace of mind, as you boost cashflow quickly and efficiently, while still maintaining the relationships with your customers that you’ve worked hard to establish. In fact, the money will be collected completely confidentially, so your clients will never even know they’re dealing with an external party.
Armed with Hitachi’s team of qualified advisors, a business owners’ time can be swiftly freed up, as the experts work behind the scenes to collect payments and manage financial stresses, which would otherwise prevent more strategic work from being done.
We’ve funded over £5billion to UK businesses and supported over 800 SMEs with their cashflow in over 50 industries. To read some of our glowing success stories, visit our Case Studies page.
For more of our expert advice, head to the Invoice Finance page to find out how we can help you and your enterprise today.