What is Invoice Factoring?
Factoring solutions bridge the cash flow gap often associated with trading on credit terms by releasing up to 90% of an invoice’s value within 24 hours of its issue.
Crucially, facilities can also include a dedicated sales ledger management service, adding a wider expertise to the credit control process whilst removing this burden to enable the business’s own resource to focus on core activities and securing new business opportunities.
Invoice factoring facilities can additionally incorporate bad debt protection, which safeguards the business against the threat of bad debts or protracted default – non-payment of an invoice after an extended period – to provide added peace of mind.
Whatever your requirements, Hilton-Baird Financial Solutions can help as an experienced and independent invoice factoring broker.