Invoice Factoring enables you to get paid when you raise your invoices, regardless of when your customer actually pays you. It takes away all the difficulties of chasing money and helps remove the worry of not knowing when you might get paid. Invoice Factoring is a fast, painless way to improve your cashflow and with City, you get the advantage of industry-leading credit control working for your business too.
How does Invoice Factoring work?
Instead of waiting for customers to pay your invoices, after goods are delivered you send copies of your customer’s invoices to us. You can then draw up to 95% of the value, immediately – with the balance, less our fee – available once we’ve collected the money from your customer. No more waiting 30, 60, or 90 days. No more wondering when you’re going to get paid.
Invoice Factoring means that we take responsibility for securing the payment from your customers. We do it efficiently, courteously and professionally – tailored to your business culture. Your customers get a good impression and you enjoy excellent credit control, without the overhead. Include our Bad Debt Protection service, and you can reduce your risk from failing customers too.
What’s next?
If you would prefer to maintain your own in-house credit control, take a look at Invoice Discounting.
Or simply like discuss your situation with our experienced team on: 0161 888 6996
