Emerald can help you find the best invoice finance solution to support your growth and financial stability.
Invoice finance is a vital tool for UK businesses looking to improve cash flow and manage outstanding invoices.
This financial solution allows companies to get paid faster, avoid the hassle of chasing payments, and outsource collection efforts.
The two primary forms of invoice finance are factoring and invoice discounting, each offering unique benefits to businesses.
What is Invoice Finance?
Invoice finance involves selling your unpaid invoices to a third party, known as an invoice finance company, in exchange for immediate cash. This helps businesses with cash tied up in outstanding invoices to access funds quickly, addressing issues like late payments and improving overall cash flow.
Emerald works with major providers in the UK include Bibby Financial Services, HSBC invoice finance, Lloyds invoice finance, and RBS invoice finance.
Emerald can help with Invoice Factoring
Invoice factoring is a popular choice for businesses that don’t like chasing payments. In this arrangement, the factoring company purchases your invoices and takes over the collection process. This means you can focus on running your business while the factoring company handles the payment collection.
Benefits of Invoice Factoring:
Get paid faster: Immediate access to cash once invoices are sold.
Outsource collection: The factoring company handles customer payments.
Don’t want to take on debt: Invoice factoring is not a loan, so it doesn’t add to your debt.
Emerald can help with Invoice Discounting
Invoice discounting, on the other hand, allows businesses to retain control over their sales ledger and customer relationships. The invoice finance company advances a percentage of the invoice value, but the business remains responsible for collecting payments. This option is often confidential, meaning customers are unaware of the arrangement.
Emerald provides access to providers like Kriya, Growth Lending, and Skipton Business Finance offer competitive invoice discounting services.
Benefits of Invoice Discounting:
Maintain customer relationships: You continue to manage your sales ledger.
Confidentiality: Customers are unaware of the finance arrangement.
Flexible funding: Access funds as needed without taking on debt.
Emerald helps you choose the Right Invoice Finance Solution
When selecting an invoice finance facility, we consider factors such as the size of your business, the industry you operate in, and your specific cash flow needs. Invoice finance brokers like Emerald can help you navigate the options and find the best solution for your business.
Whether you need small business invoice factoring or a comprehensive invoice finance facility, there are numerous providers to choose from, including RBS FacFlow, Metro Bank invoice finance, and Close invoice finance.
Invoice finance, whether through factoring or discounting, offers UK businesses another way to unlock cash tied up in outstanding invoices, manage late payments, and improve cash flow without taking on additional debt.
For more information on how invoice finance can benefit your business, contact Emerald today.