With the success of any business reliant on a healthy cash flow, making sure you have the most suitable funding in place to support your business’s evolving needs is crucial.
This can be achieved by benchmarking your existing funding to see if your facility is working optimally for your business or whether there is an alternative option that could better serve your needs.
Securing the most suitable facility will help you to capitalise on new business opportunities and manage cash flow more effectively. This, in turn, can help you to pay suppliers earlier – potentially allowing you to capitalise on early payment discounts – be more competitive and reinvest in the business.
Although it’s important to review multiple factors when benchmarking your funding facility, there are typically four main areas where businesses focus their attention: