Time to help firms get fit for the future
The longest recession in living memory finally seems to be coming to an end. Is it time to make sure your clients’ finances are in order to plan for future growth?
Thanks to the recession, many firms' cashflow will have been hit hard. But they will need capital in order to take maximum advantage of an upturn in orders and secure available credit. Could invoice finance help them focus on their business and boost their turnover?
The longest recession in living memory finally seems to be over.
Indicators such as rising house prices and lower unemployment show the economy is starting to recover.
According to the Office of National Statistics, gross domestic product increased by 0.3 per cent in the fourth quarter of 2009.
But many firms will have been hit hard by the recession, particularly when it comes to their turnover. Orders will have dropped and economies will have had to be made.
While survival has been a key priority for many, making the most of the upturn is just as critical.
Unless companies can compete for orders and bring in business then they are likely to become just another statistic of the downturn.
To do this successfully, businesses need to concentrate on the future and not worry about how the past has impacted upon them.
In short, they will need cash to help finance their own recovery and the next stage of growth into a more prosperous period.
But with banks keeping a firm grip on the purse strings, finding credit is not easy. Is it time to look at alternative methods to help your clients keep the cash flowing?
Invoice finance comprises factoring and invoice discounting and is an ideal solution as it frees up money that is owed to a firm in unpaid invoices.
Factoring offers a flexible way of improving your clients’ cash flow that releases money tied up in outstanding invoices and takes away the time-consuming task of chasing and collecting payments.
Invoice discounting is a funding-only solution; meaning that your clients retain their own sales ledger management and continue collection of invoices themselves. Clients are able to raise finance from the unpaid invoices owed to them.
The critical factor here is time. Days, weeks or even months of waiting for bills to be settled have been cut with cash released to allow the business to build.
Andrew Bullard, Head of Business at Cashflow UK, said: “In the current economic climate invoice finance could mean the difference between success and failure for a company.
Cash is king and with our help your clients can get on with the real business of winning orders and making plans for the future without having to worry about when they will be paid.”
Cashflow UK is a leading invoice finance broker. Its specialist team of financial experts is able to offer your clients impartial advice and find them the best invoice finance provider.
With excellent relationships with over 50 funders, Cashflow UK is ideally placed to find the right deal to match the business needs of your clients.
Andrew added: “Invoice finance is an excellent way of releasing funds fast when they are most needed to oil the wheels of your client’s business.”
And that can only be good news for firms negotiating their way out of troubled economic waters.
For more information contact Cashflow UK today on 0800 132 156.
