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Invoice Factoring
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Invoice Factoring allows you to release cash from your unpaid invoices quicker than having to wait between 30 to 90 days – and sometimes up to 120 days – for your customers to pay you.
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In addition, we handle your credit control, allowing you to concentrate on other areas of the business instead of chasing up late payments.
As your business grows, so does the available funding. With Invoice Factoring you don’t need to negotiate new terms as your flexible funding line increases with your turnover.
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- Improved cash flow - release money tied up in unpaid invoices and boost your cashflow
- Flexibility - your funding line increases at the same rate as your turnover meaning that you don’t need to renegotiate terms
- Save time - relieve your business of the burden of credit control and concentrate on your core business
- Bargaining power - invoice factoring can help you to negotiate better terms with your suppliers
- Faster growth - grow your business at a much faster rate due to the flexible funding line
- Award-winning service - benefit from our award-winning client service
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Why do companies use Invoice Factoring?
There are a variety of reasons that businesses may choose Invoice Factoring as a funding solution, but the primary reason is that it’s a major boost to cash flow, as cash can be raised almost as soon as services are completed or goods are delivered.
This makes everything from payroll to business growth much easier, both of which can be major concerns for SMEs. There are other options to Invoice Finance, including loans, overdrafts and peer-to-peer lending, but few offer the same level of flexibility that Invoice Factoring does. The great benefit with Invoice Finance is that the funding grows in line with the business turnover.
In addition, smaller companies often find that it’s easier to manage their business while Hitachi Capital Invoice Finance is managing their credit control, because they’re less likely to have the full in-house resource to maintain it as effectively as our experts. Invoice Factoring is both a funding and business solution.
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How does Invoice Factoring work?
- You supply goods and services to your customers.
- You send your customer the invoice made payable to Hitachi Capital Invoice Finance, and send a copy to us.
- We will give you up to 90% of the invoice amount. At this stage, a service fee is deducted from your account as a percentage of your turnover.
- The customer settles the invoice in full by making their payment direct to us. When the remaining balance is paid, a small finance fee is deducted from your account, charged as a percentage of the amount lent
- This invoice clears and we give you the remaining 10% balance minus the finance fee.
Why choose Hitachi Capital Invoice Finance?
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- A 6 month trial period so you can be sure the product is right for you
- Followed by a 6 month rolling contract – we don’t tie our clients in for long periods
- A one fee solution with no hidden fees
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- Award-winning client service by our team of expert Client Managers
- Our Relationship Management team are in the field to visit you in person
- We are part of Hitachi Capital (UK) PLC, a company that is going from strength to strength – we’re here for the long term.
Alternative invoice finance solutions from Hitachi Capital
Invoice Discounting
Payroll Finance
Credit Protection
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