Invoice Discounting and Factoring

FOR BUSINESS

Invoice Discounting and Factoring

Using innovations in Open Banking, our solution allows Invoice Discounting and Factoring firms to take control of the entire cash collections process.

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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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Our Solutions

From banks and non-banking financial institutions to property management firms and government departments, our solutions help hundreds of organisations improve the productivity, visibility, automation and regulatory compliance of their cash management operations.

Cash Flow Forecasting

Our cash flow forecasting solution helps business owners to forecast and revise their cash flow on a daily and intraday basis.

Client Money Management and Compliance

Our client money (CASS) solution offers a full suite of accounting, banking, reconciliation and reporting functionality.

In-house banking

Our in-house banking solutions help businesses to centrally control cash operations across multiple banks and regions without the need for a banking license.

Interest Rate Management

Our virtual accounts platform allows businesses to calculate interest due on their virtual account independently of their real bank account

Liquidity Management

Cashfac’s liquidity management solution works with your existing accounting/ERP, treasury management and back-office systems.

Multi-bank

Our Virtual Accounts platform is a multi-bank cash management solution. It is designed to provide centralised visibility and control of all banking operations.

Order-to-Cash

Cashfac works with your existing systems to help shorten your business’s order-to-cash (O2C or OTC) timeline.

Payments

As an FCA authorised PIS (Payment Initiation Service) provider, our virtual accounts platform allows businesses to initiate payments straight from our platform.

Talk to us today

To find out more about how Cashfac's solutions can help your business, get in touch with our helpful team

Or call us on

+44 (0)20 7920 0617

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