Factoring
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 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
85% of the value of outstanding invoices. A copy of all sales and
credit notes are transmitted to the factoring company as they are
raised. We then convert up to 85% of unpaid invoices into cash
within 24 hours. The remaining 15% is then paid to you less a small
service fee, once we receive payment from your customer.
We prepare and send out statements, telephone all your
customers, collect payments for you, and maintain
a professional and detailed account of your transactions.
You remain in control by working with a dedicated team of people
to ensure your customers are as happy to deal with us as they
are with you.
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