Benefits of Factoring & Invoice Discounting
Examples of Cost Savings found for Clients
There are huge benefits to factoring & invoice discounting, examples of which are shown below. We search the market for our clients and we can identify providers that can significantly reduce the cost of their existing factoring or invoice discounting facilities.
33% Average Cost Savings
We have found that we can save 92% of businesses money on quotations that they have received elsewhere or on the service charge cost of their existing facilities. We have been able to achieve an average saving of 33% of the service charge cost.
Examples of Cost Savings
Below are a few examples of instances where we have managed to save clients significant amounts of cost on their existing debt factoring or invoice discounting facilities, in many cases we can save clients between 33% and 75% of the existing costs:
- Recruitment company - saved £7,000 per annum (pa) on current fees.
- Recruitment company - saved over £6,000 pa on fees charged previously
- Accident management company - saved £10,000 pa on the cost of their existing facility.
- Publisher - saved £12,000 pa on the fee charged by their bank backed provider.
- Printer - saved over £6,000 pa on the cost of their facility.
- Recruitment company - saved over £24,000 pa of the cost of their facility.
- Steel fabricators - saved over £16,000 pa on the fees charged by their existing factor.
- Freight forwarders - saved over £5,000 pa on fees charged.
- Road services provider - saved over £12,000 pa on the fees charged.
- Metal plating business - saved over £2,500 pa of the cost of their facility.
- Giftware company - saved over £3,000 pa on the price of their facility.
- Staff hire - saved over £11,000 (including payroll cost) on their facility.
- Timber merchants - saved more than £5,500 pa on the cost of their facility.
- Courier business - savings of over £10,000 pa from their facility.
Complete an: ONLINE QUOTATION SEARCH REQUEST
For information about Factoring follow this link
For further information about Invoice Discounting follow this link
