Both invoice finance and invoice financing provide an immediate injection of cash of up to 90% of your unpaid invoices. The remaining 10% is paid to you when your customer pays your invoice.
This form of invoice financing gives a business control over their working capital and provides an opportunity for growth with the business. Invoice finance has established itself as a necessary and viable alternative to bank overdrafts which are inflexible, often inadequate and can be withdrawn at a moments notice.
Although both FACTORING and INVOICE DISCOUNTING are both forms of debtor finance they are very different products. Ace Management & Accountancy Services can help you source the most appropriate funding for your business.
Factoring
Factoring includes credit control as part of the service and is usually provided in a non confidential manner. There are number of variations available within the market place and as ever different finance companies provide different levels of service. Factoring is suitable for any business wishing to outsource its credit control as well as business not suitable for invoice discounting. Not all factoring companies provide the same level of service. Ace Management & Accountancy Services can provide and independent and free assessment.
Invoice Factoring
Invoice Discounting can either be confidential or non confidential however the credit control is left in the hands of the business. This form of invoice financing is suitable for larger businesses that have adequate systems and procedures that are necessary to be eligible for such funding. Again not all invoice discounting companies offer the same products and services. Ace Management & Accountancy Services can provide and independent and free assessment.
Flexible Funding Solutions
We are a commercial finance broker with a difference. Whether you need short-term help to solve a cash-flow crisis in your business, or you are looking for larger-scale funding to help grow your business, we will go the extra mile to find the right solutions for you.
That means we have access to the whole market, and we have used our extensive experience and knowledge of the industry to handpick the most reputable specialists in the UK to work with. Our extensive network offers solutions to businesses with a huge range of different circumstances and requirements.
We offer free, impartial confidential funding advice and guidance, based on what is best for you and your business.
No matter what your circumstances, we will explore every possible solution to get you what you need.