Debt recovery for businesses: compare multiple quotes from Agreed Suppliers

Cash flow management is a major concern for businesses. Unpaid debts, bad payment terms or delays in payment can be the difference between success and failure of a small business. At best, bad cash flow management will slow down business growth and affect your ability to pay for your own purchases and expenses. This guide is designed to help you keep on top of your cash flow and give your finances a proper health check.

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.