| Newsletter: February 2008 | | Let Us Save You Money! | Dear Colleague
We all know that time is money. This month's newsletter focuses on ways of saving either time, or money, or both.
If you're in business you can't afford to miss a trick, but staying on top of all that's new out there can be a nightmare. Which is where we come in! Whatever your invoice finance requirements, we're confident we can save you money. Here are just a few examples how.
With kind regards,
Sean Morrow | | Stop Press: Printing Firm Saves Thousands by Switching | Are you certain you're getting the best deal? When we were approached by a print management business they were amazed at how much they could save by switching their invoice finance providers.
Our client was paying a bank-owned invoice discounting company 0.62% of turnover in administration charges for confidential invoice discounting. We found them an alternative provider whose admin fee was just 0.22%. That represented a £20,000 cost saving each year – in addition to savings on the discount charge of a quarter of a percentage point.
Sounds good? Get a free, independent quotation search here ...
| | Invoice Finance Without the Reconciliation Burden | Invoice discounting can be cheaper than factoring, because you collect in your own invoices. Less work for the invoice discounter, so less to pay.
But the downside is having to undertake a monthly reconciliation between your own sales ledger figures and those held by the discounter. It's a time consuming task, but there is an alternative. One of our partners has launched a Confidential Invoice Discounting facility with no reconciliation required at all.
If you'd like to know how to reduce the burden of monthly reconciliations,
click here for more details of how it works ...
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How to Avoid
Termination Fees | If your need for invoice finance is only temporary then you probably don’t want to be tied into long contract periods and expensive termination fees. And you don't have to be!
We work with providers who allow termination at any point, without a termination fee, with just 28 days notice.
If you'd rather not have to give that much notice, there's a provider who offers a six month trial period, during which you can cancel at any time, without notice and without a termination fee. | Click here for details on how to avoid termination fees ...
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