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GetFactoring.com's one minute presentation to the BNI networking breakfast
SOL SAIT of Business Gateways Ltd
Trading as GET FACTORING.COM
We are a consultancy & brokerage service specialising in Factoring, Invoice Discounting and Cash Flow Management.
Factoring & Invoice Discounting is the provision of finance against the security of Trade Debtors where a company trades business to business and offers credit terms for its goods or services.
Factoring can provide up to 90% of the value of outstanding invoices in advance of settlement by the customer.
As well as offering improved cash flow through the funding of outstanding debts it also provides a collection service, credit control functions, sales ledger management and bad debt protection.
Factoring services are particularly suitable to small and medium sized organisations both new and established looking for additional funding to grow their business.
By releasing cash tied-up in the sales ledger a business can make speedy settlement to suppliers allowing for additional purchases to expand their sales.
Quite often the cost of factoring can be saved in having the ability to purchase in larger bulk or be able to take advantage of or negotiate bigger prompt settlement discounts.
This can lead to the business becoming more competitive in a market place which is increasingly being about about price as well as service and quality of product.
An additional service which is becoming more and more popular with recruitment agencies is the provision of back-office support including payroll.
This is a particular area Get Factoring wish to develop and we are actively looking for introductions to employment and recruitment agencies that provide temporary staff to their clients.
Remember
Need your cash to flow – GET FACTORING to grow
Sol Sait – GetFactoring.com
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