Business Payment Cards / Credit Card Processing

Getting a corporate credit card for yourself and your employees may seem like a simple, good idea. It is, but the range of benefits and services that come along with these business credit cards may surprise you. Today, having business credit cards is no longer just a matter of separating your business expenses from your personal expenses, it is an entire branch of corporate finance with its own trends and competitive pressures. This guide takes you through the main options you will be offered and suggests ways to achieve the best deal and find the perfect corporate credit card for your business.

Invoice factoring means that you can release funds more quickly, through getting an advance based on the value of your outstanding invoices. You can also save the time and cost of administering your sales ledger, because factoring companies in the UK can do this for you.

In recent years, invoice factoring has enjoyed a remarkable rise in popularity, with both large and small companies taking advantage of the opportunity to get discounted cash flow. It is now often combined with asset-based lending (on vehicles, property or IT for example).

Invoice discounting is a similar process, with the difference that your customers are not aware of it happening.

This guide takes you through the main stages of factoring and invoice discounting, to help you decide whether it is suitable for you and, if so, what options you can choose.