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• 09 Nov

  We Have Achieved 29 Percent Average Invoice Finance Cost Savings

  

  Amazing news! On checking our figures over the last 4 years, we have managed to find clients some substantial cost savings. We have been able to find our invoice finance clients an average cost saving of 29% on the total cost of invoice finance quoted elsewhere.

  We compared the combined service charge and discount charge of quotes we sourced, against those sourced elsewhere (other charges were excluded).

  GET A PRICE CHECK NOW

  29% Average Invoice Finance Cost Savings

  An important part of what we do is trying to improve on the rates that customers have been quoted elsewhere by other brokers or finance companies. To measure our performance we take regular benchmarks to see what level of cost savings we are achieving.

  We have recently conducted a review, taking account of the last 4 years' prospects up to October 2022. We have identified cases where prices were quoted elsewhere e.g. the customer already had a quote(s), and we calculated the percentage that we were able to save the customer. This calculation used projected values for factors such as annual turnover. We then averaged that percentage across all the clients where we were in price competition.

  The result was that we achieved average invoice finance cost savings of 29% for our clients.

  Saving Our Clients Money

  This means that if you already have a price quote from an invoice finance company for factoring or invoice discounting, or if you have an existing facility, it is highly likely that we will be able to save you a lot of money. Please get a quote through us before you commit to someone else's rate quote. There are also measures in place that will help you move finance companies without disruption.

  We have a wide range of funders on our panel, and we use these connections to find cost savings.

  Improving Your Facility Terms

  We understand that it's not all just about price. We also use our network to find improvements in other invoice financing facility terms. These can include increased funding levels, reduced security requirements (we can get you funding without giving personal guarantees at present), improved service levels and funding for customers that have a poor credit history.

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  NOTE: As this research is updated, the latest average cost saving will be shown here: 

   

  By Glenn Blackman