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Factoring

Invoice Factoring

Invoicing Factoring

Factoring - What Is It?

JTML Factoring service means that we can help you improve your cash flow by providing an immediate injection of cash against the value of your outstanding invoices. Then as you raise an invoice, our partners can release up to 85% of the value of that invoice within 24 hours. The remaining 15% is paid to you, less a small service fee, once our partners receive payment from your customer.

This means your business has access to an ongoing supply of cash linked to your sales. So as your business grows so does the amount of funding available to you.

In addition to the cash that could be provided, our partners can also save you valuable management time.

Our partners manage your sales ledger by chasing and collecting outstanding invoice payments from your customers on your behalf, so that you have more time to concentrate on generating new business.

Our partners will prepare and send out statements, telephone all your customers, collect payments for you and maintain professional and detailed accounts of your transactions.

Our partners also give you 24-hour Internet access to your customers' accounts so you can keep track of payments received and the amount of funding available to you.

Depending on the Factoring service partner you could also choose to have a Purchase Card (at no additional cost), which means that you can use the funds we make available to make purchases as and when you want. All transactions made on your purchase card will be reported on your normal statement. Additional cards can also be made available for members of your team to cover fuel purchases, lunch, expenses etc.

You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you.

Factoring - How Much Does It Cost? Our services are tailored to your business so the fees will depend upon your specific needs.

There are two types of fee. The first is the cost of the money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee.

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