What is a Factoring Broker?
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Cashflow Acceleration are a firm of debt factoring and invoice discounting brokers that also cater for other commercial finance requirements such as asset finance and trade finance.
There are numerous debtor factoring and invoice discounting providers within the UK and there are differences in the way that each factor works. Each factoring company will offer a range of different services and options to it's clients including export factoring.
Different factoring companies can also use different terminology to describe the same types of services. For example one factor may refer to Agency Factoring whilst another factor will refer to the a similar product as CHOCS (which stands for "Customer Handles Own Collections"). This creates a complex market that can be difficult for the consumer to understand.
As factoring brokers our advisers have access to all the factoring companies and invoice discounters within the UK. Our advisers have extensive experience of invoice finance so they understand the nuances of individual factoring companies and can advise you accordingly.
The role of the factoring broker is to understand the market in its entirety. This extends to the practices of individual factors, the products that they offer and their pricing and funding policies. The broker will then translate this knowledge into readily understood terms for their customers.
Even if a business has an idea of the kind of factoring service that it is looking for and it is aware of a few different factoring companies within the UK, there are still significant advantages in speaking to a debtor factoring broker. The broker will have access to all the UK factors which ensures that you can access the most appropriate solution for your business.
Best of all the factoring brokerage services of Cashflow Acceleration are completely free for you to use so you will have absolutely nothing to lose by speaking to us. All our consultations are completely confidential and without any obligation for you to proceed.
We will search the market and find you the deal that most closely meets your needs - you will not pay anything to use our service.
For further information about Factoring follow this link
For further information about Invoice Discounting follow this link
