Manufacturers
Recent years have proven not only challenging but also worrying for businesses operating in the manufacturing sector. With order books declining, margin pressures and an ever-increasing array of regulations to keep up with, these are challenging times for the sector.
The solution
We work with many businesses that operate in the manufacturing sector and can offer many ways of helping your business grow.
Improving cash flow
Our service means that we can help you improve your cash flow by providing an advance of cash against the value of your outstanding invoices. Then as you raise an invoice, we can release up to 90% of the value of that invoice within 24 hours. The remaining 10% is paid to you, less a small service fee, once we receive payment from your customer.
This means your business has access to an ongoing supply of cash linked to your sales. So as your business grows so does the amount of funding available to you. You can use this cash to put growth plans into action.
Saving you time
In addition to the cash that we provide, we can also save you valuable management time. Time better spent focusing on growing your business. We provide a receivables management service where we go after and collect outstanding invoice payments from your customers on your behalf, so that you have more time to concentrate on generating new business. We will prepare and send out statements, telephone all your customers, collect payments for you and maintain professional and detailed accounts of your transactions. We will provide you with 24 hour online access to your reports including scanned images of the checks that we receive.
You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you.
How much does it cost?
Our services are tailored to your business so the fees will depend upon your specific needs.
There are two types of fee. The first is the cost of the money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee, which encompasses the collections service. We are happy to provide a proposal.
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