Receivables Based Financing

How it Works

With "In-house" receivables financing, you retain control of your sales ledger and your customer relationships.

The process works as follows:

We undertake a credit check on your debtors and we establish limits and purchasing parameters for each of those that we are willing to acquire.
Once you have issued invoices to the debtors that you wish to sell, you send us a schedule of these invoices (via your online access to FinXpress) and we analyse whether they meet the agreed purchasing parameters.
Invoices within the agreed parameters limits are purchased and normally pay up to 90% of the gross invoice amount to you immediately.
The 20% balance is paid to you on the earlier of the date upon which payment is received from the debtor or 180 days after the due date.
Via your online access to FinXpress, you are able to allocate payments against invoices that are not possible to auto-match within the system (e.g. where payments for a number of invoices are grouped together) and this ensures that you have greater control over the amount of financing that is available.

Depending on the industry in which you operate and the size of your company, it may be possible for receivables to be sold on a "confidential" basis.

Our client managers will be happy to provide you with more information on how in-house receivables financing can work for your business. Alternatively, if you wish obtain a non-binding quote, please click here.