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Factoring

Factoring - unlock the value of your outstanding invoices

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Factoring (or invoice financing, as it is sometimes known) is a flexible funding and collections service which allows you to immediately access the money owed to you from outstanding customer invoices, helping you bridge the cash flow gap between raising an invoice and receiving payment.

Our factoring service can also provide you with a comprehensive credit control service, leaving you free to focus on your business as we chase and collect outstanding invoice payments on your behalf.

Improve your cash flow with factoring

Factoring 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 to you a percentage of its value within 24 hours. The remaining balance of the invoice, minus a small fee, will be paid to your business once your customer has settled the invoice payment in full.

Our factoring service provides you with an immediate and ongoing supply of cash linked to your sales, which means that as your business grows, so does the amount of funding available to you.

Thanks to our factoring solutions, you can spend less time chasing payments and more time chasing new business.

Spend less time chasing payments with factoring

In addition to the cash that our factoring service provides, we can also save you valuable management time through our complete credit control service. Our dedicated and experienced team will:

• Prepare statements
• Telephone your customers
• Chase and collect outstanding invoice payments that are due to you
• Maintain detailed, professional accounts of your transactions

We will always balance the sensitivity needed in dealing with your customers with your need to collect invoice payments quickly and efficiently.

Factoring - stay in control of your finances

To help you stay in control of your customer accounts, we can provide you with access to our fast, secure and easy-to-use online factoring management system.

This gives you 24-hour access to your account information, so you can keep track of payments received and the amount of funding available to you with just a few clicks of your mouse.

View our client access demonstration for more information.