Typical General Criteria
- May be an established business or new venture
- Looking for additional working capital to fund growth / Acquisition / Equity release etc.
- Will typically have an annual turnover $500k+
- Have sales to trade customers on credit terms with a high level of repeat business
- Generally wouldn’t have sales to any single customer exceeding 30% of total sales
- Have low levels of customer returns i.e. sale or return terms wont suit invoice finance
Our finance service can turn your invoices into cash as you generate them. No more waiting 60, 90 days or more. This means your working capital is driven directly by your current sales. The more sales - the more cash. Unlike an overdraft there is no fixed limit and need to renegotiate as you grow. Good cashflow places you in a strong position with suppliers and makes offering settlement discounts unnecessary.
Well-established businesses with their own effective credit control and collection systems will use this service. This gives them the flexibility of sales linked financing, but they use their own credit control systems. This maintains the confidentiality of the service because neither your customers nor your competitors need know of our involvement.
How does it work?
Invoice Financing is a very easy process to implement and maintain. We undertake our due diligence process and once approved, we then offer you a facility. Because we are not constrained by a bank's rigid risk policy and rulebook, this approval process usually takes no more than 24 hours.
Once approved your ledger is then duplicated on our system. We call this process creating a Shadow Ledger. This process is done electronically and usually takes about 30 minutes, depending on the configuration of the information on your computer system. This process is not system dependent so it does not matter if your computer operates using Windows©, Mac©, Unix© or DB2©.
This means that you can draw funds from us within 24 hours of completion of the due diligence process. Imagine that, you now have access to cash from your invoices as you continue to make sales.
On an on-going basis you forward invoices to us daily via our Ledger Manager electronically. This automates the process and allows a seamless transfer of data from you to us.
It's simple and easy to implement. No wonder it's the fastest growing form of debtor finance.
Internet Security Matters
You need not be concerned about transferring information to us via the Internet, as security is an area we have well covered. Ledger Manager uses industry standard secure encryption software called SSL (Secure Socket Layer). If your browser is SSL equipped, your transactions with us will be secured automatically. SSL works by encrypting all communications between your computer and our web server. This means unwanted parties can't intercept the information. To ensure the highest standard of security Ledger Manager Data will only allow connections from browsers that support SSL.