Invoice Finance. Also known as Sales Finance, Discounting, Factoring, Invoice Discounting, Sales Factoring, Invoice Factoring. You name it, the next firm calls it something different! In essence they all produce the same result. So, let’s sum up what it is all about. XYZ Ltd sell widgets. They get an order, make the widgets then sell
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International trade does not have to be a cash-flow challenge, there are simple ways to finance importing goods. Just because your supplier may be on the other side of the world does not mean that it should make things difficult. There are two misconceptions about trade finance. One It is difficult and can only be
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Cashflow (cash flow) At the start of World War Two the UK was importing 20m tonnes of food per annum, that was 70% of the country’s need. With a then population of 50m it quickly became a German tactic to attack shipping heading for Britain, By January 1940 rationing had been introduced, starting with petrol,
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Getting Invoices Paid Interesting statement given that is why you issue the invoice in the first place. Notwithstanding the fact your customer has already received value, agreed to the amount to be paid and accepted your terms. However, time and time again we hear the same story from many business owners, that they struggle in
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We often find ourselves asked how to get paid quicker, or paid at all, without going down a route of factoring. When we ask why not use factoring the answer is commonly that ‘my clients won’t like it’ or ‘my clients like to deal with me’, at which point our answer is a simple OK.
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