Factoring Information Resources - Top tips and advice for SMEs presenting to Factoring companies

Invoice Finance & Overdraft Facility
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Factoring Information Resources - Top tips and advice for SMEs presenting to Factoring companies

Postby obc5629 » Mon Apr 04, 2016 5:44 pm

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If you are seeking out some information on Factoring, Invoice Discounting, Alternative Finance and general business finance information, then we have put together some basic resources, links to articles, whitepapers, tables, and a range of other helpful information.

Businesses are always looking for a competitive proposal from a factoring company and we are often asked how can that be achieved?

It is important to present your business in the best possible light in order to make your business an attractive proposal. Here we have set out the ten top issues that need to be addressed when presenting a proposal to a Factoring company.
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1. A very efficient invoicing procedure.
Businesses should ensure that the invoice accurately reflect the price that the customer expects to pay and the terms of payment. The invoices that you issue are what the factoring company rely upon when they advance your company money so it is important that they are produced in a way that will ensure that your customers pass them for payment as soon as possible. Remember if an invoice has a query regarding price or quantity it will be rejected. This will result in your invoice not being processed for payment. All companies receive invoices and should be aware of how an invoice should be presented. It is important that invoices are issued as soon as the goods or services have been delivered to the customer.


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