Our FlexFactor invoice-factoring service offers accountants a simple, cost-effective way to access working capital. We manage your sales ledger and collect money owed by your customers ourselves. We pay you 70% of the invoice value up front.
This gives you the cash to spend now and frees up your time so you can invest it in your business and concentrate on looking after your clients. Unlike many invoice factoring providers, our service includes collecting monies from individuals as well as businesses.
Simply complete the FlexFactor online application form and submit it to us to get started. We’ll then contact you with details of the documentation we need before the account is activated.
Once accepted, you’ll need to make all invoices available to us, along with any associated documents (e.g. letters of engagement). Debts are collected using a dedicated chasing cycle. All collection activity can be viewed via your online account.
Our cost structure is transparent; what we quote is what you pay. We pay you 70% of the invoice value up front and the remainder when we have received payment.
Deductions are clearly explained during the application process, as are details of what happens with any invoices which remain uncollected after three months. There is an initial set up fee and a minimum service fee each month. Simple as that.