Our people are dedicated to delivering a quality, flexible service.
Partnership Invoice Finance will expertly manage all aspects of your Sales Ledger Management function from the moment that you ‘notify’ us of the sales transaction to the point when the debt is paid. Contrary to popular belief, Factoring is not just about how much prepayment can be drawn but critically the quality of service rendered. A reliable and efficient managment of your ledger will naturally create strong cashflow. Our procedures rely upon personal regular customer contact rather than just a sequence of statements and overdue letters raised and dispatched by an automated system.
Attention to detail is essential in determining the correct identity of the debtor and corresponding with them on a timely basis. A good rappore with your customer will ensure prompt payment of the debt. Sometimes, there is some part to be played by the client in ensuring the process remains entirely efficient and you clearly need to be quickly advised of disputes, dishonoured payments, etc,
Our ‘On-Line’ system allows you remote access to your ledger and control account, thus enabling you to remain fully appraised of the position at all times.
Disclosed Invoice Discounting
This facility allows you to retain control of the ledger managment procedures whilst receiving the benefit of prepayment against the debts. Our maintenance of a shadow ledger allows flexibility in funding and removes the need for monthly reconciliation. Allocation of cash as and when received removes the common problem of having to wait for the adjustments within the month-end reconciliation being applied. Monthly statements are sent to the debtors to update them of the position owing.
As with the Factoring facility, clients have access to the ‘On-Line’ system and have accurate information at their finger tips in order to make those important credit decisions.
It goes without saying that you will need to demonstrate good credit managment procedures to qualify for this facility. However, the combination of your controls and our funding could well allow you to grow your business to the next level.