Single Invoice & Confidential Single Invoice Finance finance advantages

In addition to the obvious advantage of accelerated cash flow from Single Invoice, there are several other advantages to Single Invoice or Confidential Single Invoice Finance.

Customer relations and cash flow can be improved with the use of Single Invoice or Confidential Single Invoice Finance. With Single Invoice the responsibility for administering and collection of your sales ledger rests with the Single Invoice or Confidential Single Invoice Finance companies, therefore a company no longer has to pressure its customers for payment on overdue accounts.

When customers are aware that a Single Invoice or Confidential Single Invoice Finance is involved, customers may even pay their bills more promptly improving your cash flow. Since the Single Invoice or Confidential Single Invoice Finance companies may also be handling accounts for several other of their suppliers, customers will be careful not to jeopardise their credit rating, as non-payment to one supplier may immediately damage their rating with others. Single Invoice or Confidential Single Invoice Finance may even save a company money. Many firms are not able to duplicate their services offered by a Single Invoice or Confidential Single Invoice Finance company on their own for the same cost.

• Credit investigations

• Collection of past due accounts

• Record keeping, and all related accounts receivable costs may be significantly higher if a firm must expand its own credit department or use an outside collection agency

• Freed of credit and collection problems, a company can concentrate its efforts on increasing profitability

• A company using a factor can often obtain more credit information on new customers more quickly

• Factors may be able to increase a company's sales volume by advising it of other potentially desirable customers