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Cash flow — the secret of success

The most successful companies are those that manage their cash flow effectively. And that means keeping a keen eye on credit. Bridging the gap between the point at which an invoice is raised, and the point at which the money enters your bank, can be a challenge. It’s why there are specific financial ‘services’ that can help. And one of the best known — and most widely used — is factoring.

How does it work?

Factoring is a form of cash flow funding that allows you to release up to 100% of the value of cash tied up in unpaid invoices, usually within 24 hours of raising an invoice. How it works is simple: you send a copy of the invoice to both your customer and the lender. The lender will then make a pre-agreed percentage of the invoice value available to you, collect the payment from your customer, and return to you the remaining percentage of the invoice value, minus any fees. Different types of Factoring service are available to suit different needs; for example, it does not always require the customer to pass the management of their sales ledger over to the lender. Ownership of the ledger can be retained in-house.

Benefits of using Touch Financial

  • Release up to 95% of the value of your invoice
  • Our award winning service is free and confidential
  • Short term contracts and trial periods available
  • Favourable rates when going through Touch
  • Access to over 30 of the UK’s leading lenders

Why should I factor?

Factoring tends to suit smaller businesses whose principal ‘asset’ is their sales ledger (ie their invoices). The main advantage, of course, is that it provides an immediate injection of cash. Rather than having to wait 60 or 90 days, or perhaps even longer, you will have money immediately available to you to re-invest in your business. Having cash up front enables you to pay your suppliers more quickly, and negotiate better terms as a result, taking full advantage of supplier discounts for early settlement. What is especially good is that the more invoices you generate, the more cash you will receive. It therefore ‘rewards’ growing businesses, encouraging growth rather than holding it back.

Touch Financial reviews

Feedback for Touch Financial has been compiled from 227 customer reviews

Date Product Score Customer Comment

Invoice Finance- Consulting

Service:++

Touch financial were great to deal with; the sales team were neither too pushy or aggressive and clearly understood what I needed. They also offered help and support throughout the process until completion. Highly recommend

Invoice Finance - Wholesale / Distributor

Service:++

Iain Kemp is easily one of the best customer service advisors I have dealt with in 15+ years, and I worked in customer service too for a long time so I appreciate the fine balance of being there when needed and not overloading the potential client with information.
His attention to detail, understanding of my bespoke situation and feedback on my own business led me to go with one of his recommendations.
I cannot recommend him and Touch Financial highly enough.

Invoice Finance - Wholesale / Distributor

Service:++

I appreciate very good service

Invoice Finance - Professional

Service:++

Efficient friendly respectful great manners professional

They also didn't hang around. Took just hours to get things going.

I was very pleased with the service and advice given to me and will look to get in touch with Touch Financial as and when I require their service in the future

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