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What you need to know about selective invoice finance


Running your own business can be rewarding, nothing is better than knowing that your hard work making your customer satisfied and by making a profit. The hardest thing to manage in your business is cash flow, there will be moments where your business might be running dry and your cash flow isn’t flowing.

You might have a long list of unpaid invoices that are holding your business back or you might find that the money that is leaving your business is more than what is coming into your business, if this sounds like your situation the selective invoice finance might work for you.

 

What is selective invoice finance?

Selective invoice finance is a method of releasing an invoice to a business early. This works best if you are suffering from short-term cash flow difficulties or if you have unpaid invoices and need to pay something quickly you can use selective invoice finance.

 

How does selective invoice finance work?

Selective invoice finance is a simple and flexible solution that lets you raise funds by releasing cash that is tied up in unpaid invoices, but you choose which invoices you want to submit.

After submitting your invoice, you will receive a payment of up to 90% of the invoice.

 

What are the advantages of selective invoice discounting?

Selective invoice finance gives you access to funds that are in your unpaid invoices without having to wait 30, 60 or even 90 days for the customer to pay. Here are some more advantages:

  • You keep control of the sales ledger and still maintain your client relationships; you don’t need to tell your customer that you are using selective invoice finance.
  • Money is raised quickly
  • You can enjoy financial flexibility and let your business grow
  • There are no long-term contacts.
  • You are still in control of your accounts.

Added: 01 Jul 2019 13:00


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