Bodyshop Finance - helping you bridge the cash flow gap in your business
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Bodyshop Finance is a specialist funding and collections solution which releases cash tied up in outstanding customer invoices, bridging the cash flow gap between raising an invoice and getting paid.
Bodyshop Finance is designed for repairers that carry out work on the instruction of an insurance company, accident management company or motor manufacturer.
Improve your cash flow
Bodyshop Finance boosts your cash flow by providing an immediate injection of cash into your business against the value of your outstanding invoices.
Each time you raise an invoice Bibby Financial Services will release a percentage of its value within 24 hours. The remaining balance, less a small fee will be paid to your business once your work provider has settled the invoice payment in full. This provides both an immediate and ongoing supply of cash linked to your sales, So as your bodyshop grows so does the amount of funding available to you.
Spend less time chasing payment and more time chasing new business.
In addition to the cash that we provide, we can also save valuable management time. You will be assigned a dedicated credit controller who will receive these invoices, transfer funds to your account and collect invoice payment from the work provider using the unique claims reference and vehicle registration numbers.Always balancing the sensitivity of dealing with your customers with the need to collect invoice payments quickly and efficiently.
Protect your business for peace of mind
We can provide specialist bad debt protection against your invoices, so that you get paid, even if one of your customers become insolvent, crucial in today’s uncertain economic climate.
Stay in control of your finances
To help you stay in control of your customer accounts we can provide access to our fast, secure and easy to use online system which provides 24 hour access to your account information, enabling you to keep track of payments received and the amount of funding available to you.