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Outsource debt collection with factoring to improve your business
Is your business growing fast but because your clients aren't paying on time, you are leaft with a big overdraft? Are you spending lots of time on your debt collection?
If you are familiar with these situations, you might consider outsourcing your debt collection using Factoring, which is also good solution for improving your cashflow.
With factoring, the factoring company will advance you up to 90% of the value of your invoices and then collect the outstanding amount on your behalf. You can outsource your invoice management completely and you don't have to worry about holding enough money in the bank to pay your staff and overheads.
Trust Simply Business and Touch Financial with your invoice finance
- Quotes from the UK’s top invoice finance lenders
- Get the best facility for your business, not the most expensive
- No fee for arranging your facility
- No tie-ins. You can test a facility on a monthly rolling basis
You may also be interested in...
Invoice discounting
- Similar to factoring but for larger companies
- Cash within 24 hours
- Confidentially improve cashflow
Factoring
- Invoices paid on time
- Up to 90% advanced
- Cash in 24 hours
- Sales ledger assistance
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