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The IDeal™ Way To Manage Your Cash Flow
Even the biggest of companies can experience cash flow challenges, and in today’s harsh business climate the issue is more prevalent than ever.
In fact, the latest Close Brothers Business Barometer shows that just over a third of small businesses owners feel that their cash flow is their main concern, and a further 12% cited late payments as being the most stressful aspect of running their business.
We believe that invoice finance is a neat solution to these worries. It’s a simple premise that allows a business to better manage its cash flow and make spending decisions based on what it has in its accounts, rather than what might be there at some time in the future.
The beauty of invoice finance is that credit is offered based on the sales a company makes, rather than their credit rating. Although invoice finance has traditionally been a labour intensive process, our solution to this is IDeal™. IDeal™ is our multi-award winning online product that eliminates paperwork and integrates seamlessly with almost any accountancy software.
It automates reconciliations, customers can access their cash quickly from anywhere in the world, 24/7 and crucially, it also offers 100% bad debt protection.
We remain committed to helping SMEs access funding in a difficult climate and pride ourselves on our ability to understand the requirements of the individual customer, working alongside them to create proven innovative and flexible funding solutions.
In a world where cash is king, we encourage SMEs to prioritise sustained working capital to give them strength and flexibility, both critical factors in a slower economy.
This article was contributed by David Thomson, CEO of Close Brothers Invoice Finance. To receive a quotation from Close Brothers please complete the following request: REQUEST QUOTATION FROM CLOSE BROTHERS INVOICE FINANCE
