Growing a business requires a reliable cash flow and often an injection of capital. The health of a company’s finances depends on customers paying their invoices on time. Even with standard business terms in place, some customers are slow to settle their accounts. This can limit any business expansion plans. There is a way to harness the working capital trapped in unpaid invoices. Known as invoice finance, there are two main mechanisms for freeing up your company’s cash flow.
Cash flow is a major concern for most companies, and unpaid invoices can lead to financial problems and even insolvency. Invoice financing can remove the headache whilst freeing up capital.
For most businesses, cash flow means balancing working expenses against prompt payment of invoices by customers. Late paid invoices can cause frustrating service delays, uncertainty, and an inability to plan effectively.