Allowing you to take control of the entire cash collections process.
Demand for invoice discounting and factoring on domestic and export invoices has continued to grow at inflation beating rates over the last several years as other forms of finance from traditional banks have failed to materialise for many borrowers. However, the market remains extremely competitive with high street banks, independent funders and sector specialists contending for business.
This competition has inevitably kept pressure on margins in an industry which has always operated at the riskier end of the finance spectrum.The challenge for the finance and administration functions in the industry has been to deliver the increased risk monitoring and control required for this business; while reducing headcount and increasing the speed and efficiency of processing.
Our receivables solution can help. Using the latest innovations in open banking, our solution takes control of the entire cash collections process giving you control over borrower’s bank account, transferring collected funds from that account, full clearance management and automatic allocation, reconciliation and accounting for cash. This results in the highest levels of automation allowing even micropayments to be processed cost effectively, while reducing or even eliminating many of risks that up to now have been inherent in the sectors operating models.
For more information, download our 'Cashfac for Invoice Discounting and Factoring' brochure or contact the team to discuss your requirements or request a demonstration.
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To find out more about how Cashfac's solutions can help your business, get in touch with our helpful team