XL Business Finance
Follow us on Facebook Follow us on Twitter Follow us on LinkedIn

Account receivable / invoice factoring

Invoice factoring, Account receivable factoring, Manchester, Cheshire, Lancashire, UK
Invoice factoring
is the immediate injection of cash against value of outstanding invoices. Also known as account receivable factoring, invoices are raised up to 90% of the invoice value is released within 24 hours, the remaining 10% is paid, less a small service fee, once invoice factoring payment is received from the customer.

  • With invoice factoring the business has access to an ongoing supply of cash linked to sales.
  • Management of sales ledger by chasing and collecting outstanding invoice payments from customers on businesses behalf.
  • Preparation and sending out statements, telephoning customers, and payment collection.
  • Maintaining dedicated accounts of transactions.

Confidential factoring

Exactly the same as account receivable factoring but everything is confidential.

  • Confidential sales ledger management service.
  • Chase and collect outstanding invoice payments in businesses name.
  • Preparation and sending out branded company statements.
  • Telephone all customers in company’s name .

Non-recourse factoring

Exactly the same as account receivable factoring but additionally:

  • Added bad debt protection.

This provides peace of mind that the company gets paid even in the event of a customer’s insolvency or inability to pay.

Export factoring

Helps businesses to develop overseas profitability with confidence.

  • Immediate injection of cash against value of outstanding export invoices.
  • Remove hassle of dealing with overseas customers, by chasing and collecting outstanding payment from companies overseas customers.
  • Company can decide whether to use in-house multilingual team or worldwide.

Our guide to;

Invoice Factoring

Invoice factoring

 

See also;

Invoice discounting

Trade Finance

Bad debt protection

Cash flow finance

What is a factoring broker?