Monthly Archives: May 2012

Principles of factoring and invoice discounting

Factoring is the purchase by the factor and the sale by a company (the “customer”) of book debts on a continuing basis, usually for immediate cash. The sales accounting functions are then provided by the factor who manages the customer’s … Continue reading

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Glossary Of Principal Factoring Terms

Customer: the customer of the factor or invoice discounter which enters into an arrangement to factor or discount debts.  Debtor: a trade debtor of the customer. Debts: the debts due by a debtor to the customer Factor: a provider of factoring and invoice … Continue reading

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Cashflow and debt management are key elements to the success of any business in a growth phase.

Cashflow and debt management are key elements to the success of any business in a growth phase. Turnover growth can place a severe strain on Cashflow. Orders come in, the goods are manufactured and dispatched, and then, the long wait … Continue reading

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The fact is that conventional forms of finance are often insufficient

With the changing economic climate your business could be in danger of suffering from its success.  How?  Surprisingly, through its funding.  The fact is that conventional forms of finance are often insufficient, restrictive or simply out of date – how … Continue reading

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With Factoring, you will receive up to 80% of the value of all outstanding invoices

How much of your company’s money is tied up in unpaid invoices? How much money that should be in your company’s business account is still in someone else’s? Money that’s been earned. Money that could be used for investment or … Continue reading

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Could you benefit from immediate payment of your sales ledger?

Working capital tied up in trade debtors? Suffering from waiting 90 days for payment of invoices? Could you benefit from immediate payment of your sales ledger? If the answer is ‘Yes’ to one or all three of these questions, then … Continue reading

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Questions To Ask When Considering Factoring

What is factoring? It is an arrangement between a factoring company and a business whereby the factor provides between 75% and 90% cash available against the unpaid invoices of a business.  It also relieves the burden of routine tasks such as … Continue reading

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Factoring Financial Package For Growing Businesses

Domestic Factoring This frees the funds locked up in sales invoices.  A client can typically raise up to 85% of the value of its unpaid invoices within 48 hours.  The balance is available, less a small administration charge, when the … Continue reading

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Types of Invoice Finance

The main services are described below using ‘traditional’ factoring industry terminology which the majority of factors still use, and in any event, will all recognise. It should be noted that services may differ slightly between factors  Services provided by factors … Continue reading

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Factoring Survey

Should the business appear suitable, a Company representative will arrange a meeting at the prospective client’s premises to briefly explain the service and probably give an indication of cost. If both parties are agreeable, the representative will then arrange for … Continue reading

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