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What is outsourced credit control?Credit control is the management of a company’s outstanding debts ensuring that your customers pay to the credit terms provided. Inksmoor Finance Group offers the ability for a company to outsource this vital element.
• Confidentialservicetoensureyourcustomersdonotknowaboutourinvolvement• Proactivelycallingyourcustomerstoensureoutstandingmoniesarecollectedontime• Allpaymentsgodirecttoyourbusiness,wedonothandleanypayments• Dedicatedcreditcontrollertoyouraccount
• Ourcreditcontrollersarealltrainedtothehigheststandardsachievingresultswhilstunderstanding the need for sensitivity around collection of outstanding debts• 90dayrollingcontractallowingforflexibilityandshorttermplanning• Morecosteffectivethanemployingstaff• Wedon’ttakeholidaysmeaningthatyouhavefullUKworkingdaycoverage• Throughouronlineclientloginyoucanmeasureouractivity,sowearealwaysinthespotlight, howdoyoumanageyourstaff?• Freeupyourstafftoconcentrateonyourcorebusiness• Increasedcashflow• Reducedbaddebt• Improvedcustomerrelations
How do we do it?
The benefits of outsourcing vs in-house staffing
T: 08081688085 E: [email protected] W: inksmoor.co.uk
Invoice your customer for the goods or services provided.
Confidentialcreditcontrolfrom IFG.
Cash collected into your bank account.
Invoice collected.
What is outsourced credit control?
What is invoice finance?Invoicefinanceallowsbusinessestoraisecashagainsttheirunpaid invoices. If your business provides credit terms toyourcustomers,invoicefinancecanhelpyoureceivefundsondayoneofinvoicing.Oncegoods/serviceshavebeendeliveredorcompleted,InksmoorFinanceGroupcanadvanceupto90%oftheinvoicevalue.Thishelpsyourbusiness’scashflow,topaysuppliersandotheroutgoings.
Inksmoor Finance Group is very different to other invoice financecompanies.Ourcostsaretransparent,chargingyourbusinessonlyforwhatitborrows;
• Confidential&Disclosedfacilities• 30dayrollingcontract• Confidentialcreditcontrolincluded• Simple,easytounderstand,monthlycosting• Initialpaymentofupto90%• Nomonthlyorannualminimums
• Flexible–contracttermstomeetyourbusiness• Speed–Quick,easyaccesstoopeningafacility and cash funding• Personal–Accesstoyourdedicatedclientmanager• Online–Accesstoyourfacilitythroughour onlinesoftware
Wecanhelpwhenotherformsoffinancearenotavailableoryoudonotfulfilotherinvoicefinancecompanies criteria. From start-up business to establishedandstressedbusinesses,wecanhelp!
How we’re different Why work with us
Invoice your customer for the goods or services provided and
give Inksmoor a copy.
Inksmoor Finance Group send you upto90%oftheinvoicevalue.
Weprovidethecreditcontroland chase the client on your
behalf(confidentialanddisclosedfacilities).
Customer pays IFG account (confidentialanddisclosed
facilities).
Inksmoor Finance Group pay the difference minus our fee.
T: 08081688085 E: [email protected] W: inksmoor.co.uk
What is spot factoring?Spotfactoringallowsbusinessestoraisecashagainstasingleunpaidinvoiceordebtor.Unliketraditionalinvoicefinanceyoucanraisefundsagainstaspecificinvoiceordebtorwithouthavingtofinanceyourwholesalesledger.Thereisnoon-goingcontractbetweenIFGandourclientmeaning you can pick and choose as little or as many debtorsasyouwish.
Ifyourbusinessprovidescredittermstoyourcustomers,SpotFactoringcanhelpyoureceivefundsondayoneofinvoicing.Oncegoods/serviceshavebeendeliveredorcompleted,InksmoorFinanceGroupcanadvanceupto80%oftheinvoicevalue.Thishelpsyourbusinessescashflow,topaysuppliersandotheroutgoings.
T: 08081688085 E: [email protected] W: inksmoor.co.uk
Invoice your customer for the goods or services provided and
give Inksmoor a copy.
Inksmoor Finance Group send you upto90%oftheinvoicevalue.
Weprovidethecreditcontroland chase the client on your
behalf(confidentialanddisclosedfacilities).
Customer pays IFG account(confidentialanddisclosed
facilities)
Inksmoor Finance Group pay the difference minus our fee.
InksmoorFinanceGroupisverydifferenttootherSpotFactoringcompanies.Wegivetransparentcostings,chargingyourbusinessadailyrateofborrowing;
• Confidential&Disclosedfacilities• Noongoingcontract• Confidentialcreditcontrolincluded• Abilitytousethefacilityonanad-hocbasis• Raisefinanceonsingleormultipleinvoices/debtors• Initialpaymentofupto80%• Nomonthlyorannualminimums
• Flexible–contracttermstomeetyourbusiness• Speed–Quick,easyaccesstoopeningafacilityand cash funding• Personal–Accesstoyourdedicatedclientmanager• Online–Accesstoyourfacilitythroughour onlinesoftware
Wecanhelpwhenotherformsoffinancearenotavailableoryoudonotfulfilotherinvoicefinancecompanies criteria. From start-up business to establishedandstressedbusinesses,wecanhelp!
How we’re different Why work with us
What is spot factoring?
Criteriafor IntroducersInksmoorspecialiseinprovidinginvoicefinanceandsingledebtor/invoicefinanceforSME’s.Ourcriteriaareasfollows;
• Fundinglinesfrom£5,000to£250,000• Limitedcompanies• Newstart,restart/phoenixanddistressedbusinesses• Directorsmustbewillingtogiveapersonalguarantee• Nonhomeownersconsidered• BusinessmustbebasedinEngland,Wales&Scotland(disclosedfacilitiesonlyinScotland)• Upto100%debtorconcentration(subjecttoapproval)
Whatwedon’tfund; • Construction
Indicitive terms can be sent to clients as a guide to our costing.
Inordertoprogresstoaformalofferwerequire; • Completedapplicationform• Debtorsandcreditorsledger• 3monthsbankstatements• Samplepapertrail• HMRCpositionconfirmation• TermsandConditionsofsale
T: 08081688085 E: [email protected] W: inksmoor.co.uk
Worcester – Head OfficeOakHouse,EveroakEstate,
BromyardRoad,Worcester,WR25HP
Beverley – Regional OfficeEastRidingBusinessCentre,
AnnieReedRoad,Beverley,
EastRidingofYorkshire,HU170LF
Leeds – Regional OfficeWestOne,
114WellingtonStreet,Leeds,LS11BA
T: 08081688085 E: [email protected] W: inksmoor.co.uk