Q. How long does the arrangement take to set up?
A. Approximately 48 hours
Q. Do I need to change the way I do my invoicing?
A. No – you address the invoice to your customer in the usual way but send the invoice to us.
Q. Will I be tied in to a contract with you?
A. No – but there is an agreement to be signed but you are not locked in to a contract.
Q. Do I have to discount all of my invoices?
A. No you can choose which of your customers you wish to discount.
Q. Can you take over my existing book debt?
A. Yes providing the customer agrees to pay us, and that the outstanding invoices can be verified.
Q. Do my customers have to be notified of our arrangement?
A. Yes – although it may be possible to provide you with confidential discounting for certain customers.
Q. How long does it take to get paid?
A. Same day payments can be made as long as invoices are faxed/emailed before 1.pm.
Q. Is there a minimum turnover ?
A. The minimum turnover is £200,000 pa.