Export Factoring
Export factoring
provides your business with an immediate injection of cash and an
on-going supply of funding. It is also a source of funding that
grows in line with your export sales. You can save valuable
management time by allowing us to chase and collect outstanding
invoice payments on your behalf.
Many Companies find difficulty in distancing themselves from the
sales role to the credit collection role. Let us provide this
service for you.
The initial injection of cash is put into your business - up to
80% of the value of outstanding invoices. A copy of all sales and
cr3edit notes are transmitted to the factoring company as they are
raised. We then convert up to 80% of unpaid invoices into cash
within 24 hours. The remaining 20% is then paid to you less a small
service fee, once we receive payment from your customer.
We prepare and send out statements, telephone your overseas
customers, always communication with them in their language. We
collect payments for you, and maintain professional and detailed
account of your transactions
You remain in control by working with a dedicated team of people
ensure your customers are as happy to deal with us as they are with
you.
We also give you 24-hour internet access to your customers
accounts so that you can keep track of payments received and the
amount of funding available to you. We can help you smooth out the
problem of fluctuating exchange rates by offering multi-currency
facilities, overseas bank accounts for fast, low cost receipt of
payments, and foreign exchange and forward currency dealings for
protection against exchange losses.
Key features and benefits of factoring
- Provides an immediate cash injection for your business
- Lets you focus on your sales rather than credit control
functions
- Improves your customers settlement terms with 3rd
party debt chasing and collection.
- Eliminates the need for funding as your business expands
To see how working with Halo can benefit your business call 0845
450 1966.
Please contact
us for more details