Invoice Finance Brochure (PDF) - Business banking - HSBC

Finance ServiceWaiting to get paid puts a strain on your cashflow. Our Finance Service can help you toovercome this. When we receive details ofan eligible invoice from you – either onlineor by post – we can make available up to90% of its value to you, the next workingday following receipt.■■■■■■■■Turns today’s sales invoices intotomorrow’s cash flow by unlocking thepotential of your sales ledger.No more waiting up to 60 days forpayment – your cash flow benefits almostimmediately.Assured cash flow – you enjoy access,the next working day, to up to 90% of thevalue of your eligible invoices.The balance becomes available when yourcustomer pays us.A flexible source of working capital thatgrows in line with your sales performance.Cost-effective – you only pay for the fundsyou draw down into your bank account.Suitable for most businesses that have aturnover of £250,000 or more and sell inthe UK or overseas on trade credit termsand invoice on completion, after supplyingproducts or services.Available as a ‘stand-alone’ service forlarger and longer-established businesses,or in combination with our Sales LedgerManagement and/or Credit ProtectionServices.Sales Ledger Management ServiceRunning an effective credit controlfunction demands staff time and businessresources, both of which could be moreprofitably employed. Which is why somany businesses are now choosing theconvenience and cost-effectiveness ofoutsourcing their collections through us.Our Sales Ledger Management Servicehelps by providing a professional andexperienced team to chase and process yourinvoice payments. You simply send out yourinvoices as usual, simultaneously notifyingus either online, using your accountingpackage, or by post. Our team then collectsyour payments and you can track theprogress online.Frees more of your time and resources forother areas of the business.We won’t undermine hard-won customerrelationships, but we will work to supportthose relationships, while helping to ensurethat you are paid promptly.We agree payment targets with you at theoutset and make sure that you can track ourperformance online.Payments are processed and postedto your account by the next working dayfollowing receipt.We make it easy for your customers to pay– either by BACS from their bank, by postinga cheque or over the telephone by debit /credit card.Select just this service, or use it incombination with either/or Finance andCredit Protection.5