International Invoice Finance / International Factoring
International Invoice Finance
When you trade with overseas companies, having the right international funding in place can be the difference between success and failure. Trading internationally can be exciting and profitable for your business, but there are considerations that don’t apply when working with clients in the UK, and this is where we can help.
Simply Factoring Brokers puts the right finance in place for firms exporting goods or services abroad. What makes us the right choice is that we can help whether you have just one overseas client or whether 100% of your business is international, unlike most funders who prefer at least some of your trade to be UK-based. Our experienced international funding lenders are skilled at managing language and culture barriers and making sure you get paid in your chosen currency, as well as having the capacity to work across different time zones. So whether you are just beginning to trade internationally or have already established a successful overseas business, we have the right product for you.
International invoice finance, also known as international factoring, is a financial service that enables businesses engaged in cross-border trade to optimize cash flow by converting their international accounts receivable into immediate working capital. This process involves selling invoices issued to foreign customers to a specialized finance provider (the factor) at a discount. The factor then assumes responsibility for collecting customer payments in their local currency and jurisdiction, managing currency exchange and credit risks associated with international transactions.
International factoring helps businesses mitigate the challenges of extended payment terms and fluctuating exchange rates, facilitating smoother cash flow management and supporting global expansion efforts. It is a strategic tool for businesses looking to minimize financial risks and maximize liquidity while engaging in international trade.
When you work with a client, particularly a new one, you want to make sure you get paid for the goods or services you provide. This is especially the case with international clients, where different cultures and languages could hinder communication. With international invoice factoring can help your business cash flow by releasing funds from unpaid invoices, our guide to invoice finance for UK SMEs. The majority of the invoice reaches your bank account straight away, with the balance following as soon as your client makes the payment, allowing you to trade overseas successfully without worrying about financial setbacks.
International invoice factoring offers numerous benefits, including improved cash flow, reduced credit risk, and enhanced liquidity. It enables businesses to venture into international markets without worrying about extended payment terms or the complexities of international credit management. Overall, international invoice factoring is a strategic financial solution for businesses engaged in global trade, offering immediate access to working capital and efficient management of cross-border invoicing and collections. It supports business growth and facilitates smoother operations in international markets.
How international funding works
How international funding works
When you work with a client, particularly a new one, you want to make sure you get paid for the goods or services you provide. This is especially the case with international clients, where different cultures and languages could hinder communication. With international invoice factoring can help your business cash flow by releasing funds from unpaid invoices, our guide to invoice finance for UK SMEs. The majority of the invoice reaches your bank account straight away, with the balance following as soon as your client makes the payment, allowing you to trade overseas successfully without worrying about financial setbacks.
International invoice factoring offers numerous benefits, including improved cash flow, reduced credit risk, and enhanced liquidity. It enables businesses to venture into international markets without worrying about extended payment terms or the complexities of international credit management. Overall, international invoice factoring is a strategic financial solution for businesses engaged in global trade, offering immediate access to working capital and efficient management of cross-border invoicing and collections. It supports business growth and facilitates smoother operations in international markets.
Benefits include:
- Overseas expertise
- Knowledge of different cultures and languages
- Payment in sterling, dollars, euros or any other currency
- Flexibility to grow your business
- Enhanced cash flow through quick access to funds tied up in international invoices.
- Mitigation of credit risk associated with overseas customers.
- Streamlined operations with outsourced collections and credit management.
- Facilitate global expansion by managing currency exchange and cross-border invoicing complexities.
We’ll have a good chat with you about your business, allowing us to build a clear picture of your aims and requirements. Once we have recommended a suitable international lending partner, you send them your invoice and a percentage – usually 85% – is paid to you within 24 hours. This allows you to meet overheads or invest the cash back into the business without worrying about when your client will pay.
With Simply, international funding is fast, effective and, well, simple! Call our team and find out how we can help you reach your global market today.
Simply Factoring Brokers facilitates international invoice factoring, providing invaluable expertise and industry connections to streamline the process for businesses engaged in global trade. They act as intermediaries between businesses and international factoring companies, leveraging their extensive network to match businesses with providers experienced in cross-border transactions. Simply Factoring Brokers negotiate competitive terms and advance rates on behalf of their clients, ensuring favorable financing arrangements that optimize cash flow and minimize credit risk.
They manage the complexities of international invoicing, including currency exchange and compliance with varying regulations, facilitating smoother transactions and timely fund disbursement. By partnering with Simply Factoring Brokers, businesses can confidently navigate the nuances of international trade finance, enhancing liquidity and supporting sustainable growth in global markets.
How Simply Factoring Brokers can help
How Simply Factoring Brokers can help
We’ll have a good chat with you about your business, allowing us to build a clear picture of your aims and requirements. Once we have recommended a suitable international lending partner, you send them your invoice and a percentage – usually 85% – is paid to you within 24 hours. This allows you to meet overheads or invest the cash back into the business without worrying about when your client will pay.
With Simply, international funding is fast, effective and, well, simple! Call our team and find out how we can help you reach your global market today.
Simply Factoring Brokers facilitates international invoice factoring, providing invaluable expertise and industry connections to streamline the process for businesses engaged in global trade. They act as intermediaries between businesses and international factoring companies, leveraging their extensive network to match businesses with providers experienced in cross-border transactions. Simply Factoring Brokers negotiate competitive terms and advance rates on behalf of their clients, ensuring favorable financing arrangements that optimize cash flow and minimize credit risk.
They manage the complexities of international invoicing, including currency exchange and compliance with varying regulations, facilitating smoother transactions and timely fund disbursement. By partnering with Simply Factoring Brokers, businesses can confidently navigate the nuances of international trade finance, enhancing liquidity and supporting sustainable growth in global markets.