Invoice Factoring

Factoring?

Build working capital with better cash flow

Invoice Finance (also known as Debt Factoring or just Factoring) is ideal for businesses which are keen to grow fast. It can also help those with cash flow challenges and which want support with credit control. As an alternative to bank loans, overdrafts or credit cards, it can bridge the gap between raising a customer invoice and getting paid. It can also free up valuable time for businesses as Factoring companies will often manage payment collections.

Factoring explained

Invoice Finance gives businesses access to one of their most significant assets – the debtor book. And it‘s suitable for businesses of all sizes, from start-ups to corporates.

Factoring is particularly useful for businesses wanting to build working capital to fund growth plans. This is achieved without taking on the long-term debts associated with traditional bank loans.

Download A Guide To Invoice Finance

How Factoring works?

Invoice your customers

And send a copy to us

We pay up to 80% of the value of your invoice

Within 24hrs, allowing you to pay your staff, suppliers and take on new orders

We collect payment on your behalf

Leaving you to focus on running your business

We pay you any remaining balances

Minus any agreed fees

Features and Benefits

Features:

We release up to 80 per cent of your invoice value within 24 hours of you issuing it to your customer. Allowing you to pay suppliers or invest in new opportunities
The cash you can access grows in line with your sales
We liaise with your customers looking after your credit control and sales ledger management
We can offer Credit Protection – which provides reassurance, knowing you’ll receive payment and safeguard your cash flow if your customers are unable to make payment or become insolvent
You have full control having access to our 24/7 Client Online service

Benefits:

Speed: You get access to cash in 24 hours
Flexibility: You can boost your cash flow without the need for debt
Better cash flow: Up to 80 per cent of your invoice is advanced to you – when we receive payment from your customer, you receive the remainder, minus our fees
Security: You minimise late payments and bad debt
Opportunity: Take advantage of discounts from suppliers because with better cash flow you’ll be able to buy larger volumes or take advantage of supplier discounts for early payment
Insight: We can give you useful information about the credit standing of your customers, which can help you negotiate better terms with your suppliers

Can Invoice Factoring help my business?

Designed to help your business grow

If you want to relieve cash flow pressures, access funds tied up in invoices and free your time from chasing late payments, then Invoice finance can help. Unlike a traditional bank we are a little more flexible and able to help if:

Your company is registered in Singapore
You provide goods and/ or services to any other business
You give your customers credit terms of between 30 and 90 days
You would like to concentrate on your business and are happy for us to manage your credit control

Request a quote

Invoice Factoring case study

Singapore and Hong Kong-based iKas International is a global recruitment consultancy which has experienced rapid growth.

The business needed access to immediate funding to meet growing demands, take on new clients and achieve their ambitious growth plans.

Our recruitment sector finance experts structured an Invoice Factoring facility which enabled iKas International meet the demand of high volume payroll and take on both contract and permanent staff to enhance their competitiveness.

Read the full case study

How do I start factoring invoices?

Call us now or request a quote to have a no-obligation confidential chat with one of our advisors, or to arrange a meeting.

We’ll want to know all about your business and whether you’ve used factoring and receivables financing services before or have a current partner.

When we know your requirements, we will set up a call with you to discuss a funding proposal that is best suited to your business’s needs.