The Problem
Helping the information technology sector access the cash its owed quickly
A smooth and sustained cashflow is vital to any business, but within the IT industry, that can be even greater especially when you are working under a variety of industry contracts with unconventional terms and securing payment for work completed can be difficult.
Without a reliable cash flow, how can you bring your business plans to life, grab new opportunities, or negotiate the best terms with your suppliers?
The Solution
Bibby Financial Services has developed a specialist Invoice Finance solution specifically for the IT sector that supports the requirement to fund complex contractual arrangements such as service and maintenance provisions as well as product supply.
Whether a reseller, IT consultancy, software developer, systems integrator or IT staffing company we have a solution to help your specific funding requirements.
Access the money you’re owed, quickly.
As the UK’s specialist Invoice Finance provider we can release this cash back into your business via our flexible solutions.
Bibby Financial Services IT Finance solution is unique:-
- An immediate cash injection for your business, against invoices and stage payments
- Ongoing funding that grows in line with your contracts or orders.
- We spend the time getting to understand your business and contracts and because of this develop a close relationship. Our industry experts provide a financial health check that enables us to be flexible with our funding and not rigid like our competitors.
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. Our specialist IT credit control team will manage and collect outstanding payments on your behalf, a service underpinned by a thorough understanding of your customer contracts and always balancing the sensitivity of dealing with your customers with the need to collect payments quickly and efficiently.
Protect your business for peace of mind
Our specialist bad debt protection will ensure you get paid even in the unfortunate event of a customer’s insolvency or inability to pay. You have peace of mind that you can increase your sales to new customers without having to worry about your profits being wiped out by bad debts.
Stay in control of your finances
To help you stay in control of your customer accounts we can also 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.