Finding the greener grass
When entering an agreement or contract with a supplier, a good business person knows the importance of comparing their current facilities against what is available in the wider market at regular intervals.
Our client decided it was time to do just this. Their existing invoice finance facility had served the business well, however they were now looking to reduce the overall cost of borrowing.
At Hilton-Baird, our benchmarking service enables our clients to save time themselves searching for a better all-around solution, compare and contrast features and benefits, and make up their own mind on whether or not their existing facility remains the most suitable for them.
By using our knowledge of the commercial finance market, we are able to add value by not only speeding up the process, but by using our knowledge of the market to introduce competitive facilities from our base of carefully selected funders, supporting our clients throughout the process.
After identifying the areas our clients like and enjoy from their existing facilities, we look at any areas for improvement. In this particular case, our team introduced three funders, all meeting our client’s desired criteria of a simple and low cost facility to navigate their business growth forward. After reviewing the offers available, Hilton-Baird prepared our client with the information they needed to make an informed decision.
A decision was made based on the particular ease and flexibility of one of the funders we’d introduced, the key being their simple and transparent approach to the cost-effective structure of the offer. Pleased with the help received from Hilton-Baird, our client has praised the team for understanding his needs, fast-acting, their knowledge and for helping to find a solution to ease their business into their future.
If you, like our client, are interested in ensuring you have the optimum funding, Hilton-Baird would be pleased to assist you in exploring the market in a time-effective way. To find out more, call 0800 9774833 or email info@hiltonbaird.co.uk
