Get to grips with your business cashflow

"Cashflow is king!" but how can you improve your business cashflow? Our funding experts, FundOnion and Muse Finance share their wealth of knowledge around cashflow, invoice finance and debunk common misconceptions around this.

What is invoice finance?

Invoice finance is not an injection of 'new money', invoice finance allows you to unlock cash tied up in your unpaid invoices.

You can release up to 90% of the invoice value, sometimes within the same day! Your invoice finance provider can also help you retrieve payments for those unpaid invoices you have.

1. You need to have provided the goods or services to your customer
2. The invoice must be sent to the customer, you can then send a copy to your invoice finance provider
3. Your invoice finance provider will release cash tied up in the unpaid invoice

 

When is invoice finance right for your business?

Think invoice finance isn't right for your business? Did you know 1 in 6 invoices are currently factored! So how do you know when it's right for your business to use invoice finance?

If your business needs help with;

• Cashflow
• Paying employees or suppliers
• Reinvesting in growth or operations

then invoice finance might be the right solution for your business.

 

Myths and common misconceptions

1. It's a sign of the business failing - if your business is looking to expand and grow, then invoice finance is ideal
2. Invoice finance gives the wrong impression to your customers - as per the above misconception, invoice finance can show that your business is ready for growth. Some funding providers can offer confidential services if you are worried.
3. It's really expensive - it could cost more, but it has better cashflow benefits and provides more than just funding.
4. Invoice finance gives away your control - invoice finance is a flexible solution which includes credit control expertise and bad debt protection (in the form of credit insurance). You're in control of the invoice process, raising finance and your customer relationships.

 

How to get started

Speaking with one of our trusted experts will ensure you receive honest advice on whether invoice finance is right for your business. View our list of trusted lenders and brokers here >>