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Invoice finance can help SMEs get paid before invoice payment due dates |
- Tungsten Corporation is helping to finance UK companies |
...by providing them with access to cash. Tungsten Bank, the invoice financing arm of Tungsten Corporation, has offered early payment* on approved invoices to over 21,000 UK companies on Tungsten's electronic invoicing network.
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Tungsten Early Payment is an accelerated invoice payment solution which enables suppliers to take Early Payment on approved invoices. They submit invoices to their customers over the Tungsten Network, view the status of their invoices on the Tungsten Network Portal, and can select eligible invoices for Early Payment.
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Kilde: www.creditman.co.uk |
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02.02.15 |
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Stillinger ledig innen kapitalvare-finansiering i bank |
Vi søker kandidater til kapitalvarefinansiering i bank innen enheten lån, leasing og factoring. |
Arbeidsoppgaver:
Oppgavene er å lage kredittnotater på bilforhandlere, betjene forhandlerne med spørsmål om varelagerfinansiering og utføre utbetalinger daglig i våre IT systemer. Samt håndtere dokumenter og maler i Office.
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Kvalifikasjoner:
Erfaring fra kreditt, lån og leasing er en fordel. Du må ha god økonomisk forståelse og gode kommunikasjonsevner. Gjerne økonomisk utdannelse, men erfaring kan kompensere. |
Vi tilbyr:
Vikariat med oppstart 01.03.14 og varighet ut august i første omgang.
Interessert?
Da ber vi deg registrere din CV på vår hjemmeside www.manpower.no og søke elektronisk via annonsen. |
Spørsmål om stillingen? kontakt gjerne Anette Holthe. |
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10.02.14 |
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De elektroniske factoring-løsningene gir ekstra trygghet |
- og oversikt som mange bedrifter setter pris på |
Men factoring bidrar også til å frigjøre interne ressurser og gi tilgang til kapital som skaper grunnlag for vekst og utvikling. |
Frigjort kapital i takt med kredittsalget: Driftsfinansieringen er viktig for enhver bedrift, og valg av riktig finansstrategi kan være avgjørende for bedriftens liv og utvikling over tid. Enten bedriften vokser eller konsoliderer, vil det være viktig å utnytte det likviditetspotensialet som ligger i omløpsaktiva og særlig kundefordringene. Gjennom factoring utnyttes dette likviditetspotensialet til fulle. |
Factoringselskapet finansierer fordringsmassen i form av en fleksibel driftskreditt som kan trekkes på etter behov eller være en likviditetsreserve. Som sikkerhet for driftskreditten får factoringselskapet overdratt/pantsatt kundefordringene, og inntil 85 prosent av fordringsmassen kan forskutteres. Den resterende delen betales ut når debitor har betalt fordringen. I enkelte tilfeller overtar factoringselskapet også kredittrisikoen, slik at bedriften som leverandør får fullt og endelig oppgjør for fordringene. Kilde:www.finfo.no |
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11.06.13 |
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Vil du bli best innen factoring og inkasso? |
Stilling ledig som Credit Manager/Saksbehandler |
Arbeidsoppgaver:
Ansvar for egen kundeportefølje
Rettslig og utenrettslig inndrivelse av fordringer
Nasjonal og internasjonal inkasso
Pleie forholdet til faste oppdragsgivere og bistå med inkassofaglige råd.
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Du har disse egenskapene:
Gode forhandlingsegenskaper
God norsk og engelsk fremstillingsevne – muntlig og skriftlig
Høy arbeidskapasitet
Gode kommunikasjons- og samarbeidsevner
Initiativrik, selvstendig og resultatorientert
Kan vise til gode resultater fra tidligere arbeidsforhold.
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Vi kan tilby:
Utfordrende oppgaver i et godt fagmiljø med høyt kompetansenivå
Gode muligheter for faglig og personlig utvikling
Godt arbeidsmiljø i moderne lokaler
Konkurransedyktige betingelser – gode bonusordninger
Mulighet for å bli autorisert bevillingshaver etter 3 år.
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Vi kan tilby deg en utfordrende stilling i et hyggelig og godt arbeidsmiljø hos et selskap som representerer fagkunnskap og kompetanse på høyt nivå. Det stilles ingen absolutte krav til formell utdannelse, men jurist eller siviløkonomutdannelse er en god bakgrunn. Relevant yrkeserfaring fra andre forhandlingssituasjoner kan kompensere for manglende teoretisk bakgrunn. All nødvendig opplæring vil bli gitt.
Ta gjerne kontakt med Ann Kristin Bolstad i Appoint Vikar & Rekruttering på 66 90 36 90 eller 97 18 91 43 for mer informasjon om stillingen.
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Vår kunde er et ledende inkassobyrå som ble etablert for 25 år siden. Hovedkontoret holder til i moderne lokaler i Øvre Eiker. Selskapet har også avdelingskontorer i Stavanger, Hamar, Molde og Harstad. Disse er egne aksjeselskaper.
Selskapet arbeider med større oppdragsgivere innenfor administrativ factoring og inkasso, herunder også internasjonal inkasso. De er medlem av EDCA (European Debt Collection Allianse). Konsernet teller i dag ca 60 ansatte, og de er et dynamisk selskap i sterk vekst og har i dag en spennende ledig stilling som Credit Manager/Saksbehandler. |
Les mer |
07.06.13 |
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More cash-strapped building contractors turning to invoice factoring
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This year has already seen an unprecedented number of contractors in the building trade services turning to alternative finance such as invoice finance to fund working capital as well as growth, according to corporate finance brokerage Embark Finance.
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“We have seen a marked increase in the number of general building contractor businesses, such as electrical contractors, demolition specialists, woodworkers and civil engineers, being referred to Embark to support them in finding essential finance for their business,” explained Mike Bailey and Richard Keenan, co-Directors of Midlands-based Embark.
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“The sad reality behind this trend in our view is that contractors are being moved on by their bank, the traditional funding source, which no longer wants this type of business on their books. Just as common, is the contractor looking to grow to take advantage of new business and income streams, but who has hit a brick wall when seeking to borrow money, as few lenders are keen to fund this type of contractual debt.
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23.04.13 |
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Factoring firm calls for ban on termination fees |
Factoring companies that lend to businesses that subsequently fail, often within weeks, should be prevented from receiving termination fees
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The comments, from the alternative lending provider Nucleus Commercial Finance, challenges the current practice from some quarters of the asset-based lending industry that allows businesses to lend to ailing companies in the full knowledge that they will fail – and are even allegedly made to fail – sometimes only days after new funding has been agreed. |
Chirag Shah, Managing Director of Nucleus Commercial Finance, says that the practice needs to stop, and that plans by the Asset Based Finance Association (ABFA) to draft a new Code of Practice are now well overdue: “A new Code is needed to bring greater clarity and credibility to an industry that is in danger of self-imploding,” he says.
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05.02.13 |
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Tinubu Square helps leading invoice factoring company Bibby to manage trade credit limits offered to clients |
Tinubu Square, the most trusted source of credit risk solutions for trade credit insurers, has today announced that the Tinubu RMC SaaS (Risk Management Center) platform has been deployed by Bibby Financial Services (BFS), the UK’s leading independent invoice finance specialist, to manage the limits on trade credit facilities that it is offering to customers |
Tinubu RMC, which is a cloud-based, SaaS solution for B2B credit intelligence and operational reporting, has been integrated to provide support for the non-recourse program that Bibby Financial Services (Bibby) has been developing over the past two years. After growing quickly, the program reached a turnover in excess of £400 million, and became too large to manage through traditional manual processes, prompting the company to look for a specialist solution that could help. |
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26.01.13 |
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Construction businesses turn to invoice financing to plug bank lending gap |
The number of construction companies using invoice financing has jumped by 17% in the last year, from 1,629 in 2011 to 1,911 in 2012, following a decline in traditional bank lending, says Wilkins Kennedy LLP, the Top-20 accountancy firm.
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Invoice financing allows businesses to borrow against unpaid invoices. This allows a business to recoup a significant proportion of the value of an invoice much faster – often on the same day as delivering the goods or service – than the typical 60 or 90 day invoice timeframe. |
Wilkins Kennedy says that bank lending to construction businesses fell 17% in the two years to the end of July 2012, to £20bn. |
Nick Parrett, Head of Property & Construction at Wilkins Kennedy, says: “The construction industry has been badly hurt by the reluctance of banks to lend to even the most solvent businesses in this sector. New finance is the lifeblood of any business and, without bank lending, construction firms are having to pursue alternative options.”
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15.01.13 |
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Demand for Invoice Financing Grows |
- as Business Lending Falls at the Fastest Rate Since Records Began Reports Simply Business |
Simply Business at www.simplybusiness.co.uk report an increase in small businesses seeking alternative sources of credit such as invoice discounting and factoring as banks refuse to give credit.
Business lending is failing at the fastest rate since records began, with a drop of GBP4 billion between March and May of this year. SMEs in particular have been strongly affected with lending down by 4.2% according to a recent report from the Bank of England. This situation is clearly taking its toll with the Centre for Economic and Business Research (CEBR) suggesting that 47% of small business owners are relying on personal loans, credits cards and savings to keep their firms afloat.
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Similarly, Simply Business are seeing increased numbers of small businesses turning to alternative finance options such as factoring and invoice discounting in order to improve cash flow. Invoice finance is a type of asset based lending where a business uses their sales ledger as collateral for a cash advance. It's a flexible finance option which grows with your business, allowing your company to achieve its full potential unlike traditional forms of lending (loans, overdrafts).
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09.10.11 |
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Rising popularity of invoice finance |
Invoice finance has continued to grow in popularity for both SMEs and larger companies according to a new economic report and quarterly figures released today by the Asset Based Finance Association (ABFA). Total advances from members currently stand at £15.7bn, showing strong year on year growth of 12%.
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This growth comes on the back of continued growth in advances over the past five quarters and shows that UK and Irish firms are increasingly opting for this type of finance over other forms of lending. The latest figures also show invoice finance clients are again choosing not to access all of the funds available to them. Total available funds this quarter were £22.2bn, with £6.5bn of finance available but not drawn.
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Of the total funding provided by members, SMEs received almost 40%, or just over £4bn this quarter. A decreasing gap in the level of advances between SMEs and businesses with turnover above £100mn suggests a growing confidence amongst SMEs as they get comfortable with increasing debt levels. This is supported by total clients' sales growing 14% over the past year to reach £59bn.
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09.09.11 |
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Sikrere inntekt med factoring
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Factoring er en måte å sikre viktige inntekter når du tar på deg store prosjekter. – Etter noen vonde erfaringer har jeg nå en trygg cashflow takket være denne løsningen, sier webutvikler Magnus Berglund |
Fast valutakurs for kjøp fra utlandet, factoring og egeninkasso var tre tiltak webutvikleren fra Høvåg i Aust-Agder satte i verk etter finanskrisen i 2008. I denne artikkelen lærer du litt om alle tre metodene.
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Factoring = fakturasalg
Enkelt forklart går factoring ut på at du selger fakturaen din til et firma som er spesialisert på fakturakjøp. Du sender fakturaen din til selskapet, som etter en kredittsjekk av kunden din straks betaler ut hele fakturaverdien mot et fast gebyr og en viss prosentdel av fakturabeløpet.
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Factoringselskapet sørger deretter for at fakturaen blir betalt til rett tid. Hvis ikke kunden betaler for seg er det ikke lenger ditt problem.
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11.03.11 |
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Be wary of hidden fees in factoring and invoice discounting arrangements, says K2 Business Rescue
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Factoring and invoice discounting (borrowing money against invoices) can be a helpful tool for funding the working capital of a business
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While it used to be regarded as a means of borrowing by businesses in financial difficulties, it is now a common source of finance for managing cash flow and has the additional benefit of imposing discipline on the collection of outstanding sales invoices.
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The service charge fee is pre-agreed with the finance provider and generally relates to the level of service provided which could include the collection of book debts and different levels of underwriting risk of bad debts. In addition the client is made aware of any arrangement fees and that interest on funds drawn is also applied.
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Other considerations that may be taken into account when fixing the service charge fee include volume of invoices, value of invoices, percentage drawn down, maximum amount borrowed, the level of monitoring necessary and whether all or only part of the sales ledger is assigned.
The service charge fees for factoring are generally at a higher rate of between 0.8% and 3%, than for invoice discounting because the factoring service charge includes debt collection. Invoice discounting is generally cheaper because the company collects its own invoices.
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07.03.11 |
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Just Factoring |
Find The Right Factoring Solution
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Invoice finance and factoring companies can help you to access up to 90% of your outstanding sales ledger. However, not all factoring companies are the same!
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Finding the right factoring company to work with is a vital first step for your business. With years of experience in factoring, invoice discounting and other asset based lending solutions, we constantly monitor and assess providers, their terms and service offerings. |
If you are new to factoring we can help you find a suitable asset based lender, saving you time and avoiding common pitfalls. If you already have a Factor but are unhappy with your current arrangement then we can find you a better solution.
As a factoring broker we offer you FREE impartial advice and can shortlist several options for your business.
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14.02.11 |
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Bibby buys Kopparberg Finans
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UK invoice finance specialist Bibby Financial Services has further expanded its European coverage with the acquisition of Swedish factoring firm Kopparberg Finans.
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The deal forms part of Bibby FS global expansion strategy, which has included acquiring new businesses as well as launching subsidiaries over the past three years.
The acquisition of Kopparberg Finans, which was launched in 2005, has provided another 50 clients to Bibby’s client base. This year, Bibby has had 1,234 new clients, an 11 percent increase on last year.
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Bibby FS’ European chief executive Mark Cleaver said: “We have set ourselves a challenging growth objective and in order to achieve this we are continually looking for opportunities to move the business forward. We believe that this acquisition will bring real value to the group.”
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23.11.10 |
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Avtale om factoring etter panteloven |
En næringsdrivende kan slutte avtale om avhendelse, avhendelse i sikringsøyemed eller pantsettelse av de enkle pengekrav på vederlag for varer eller tjenester som han har eller får i sin virksomhet eller i en særlig del av denne. Det er ikke nødvendig at skyldnerne blir navngitt. Hjemmel for inngåelse av avtale om factoring er panteloven § 4-10.
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Denne blanketten brukes for å tinglyse factoringpant i Løsøreregisteret i Brønnøysund.
Factoringsavtale kan bare inngås av næringsdrivende etter panteloven § 3-5. Dette er:
a) Foretak registrert i Foretaksregisteret
b) Institusjoner som nevnt i panteloven § 3-5, bokstav b, jfr. forskrift til pantelovens § 1 b .
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Pantsettingsadgangen må godtgjøres ved å legge fram firmaattest for registrering i Foretaksregisteret eller særlig dokumentasjon som institusjon etter § 3-5, første ledd, bokstav b . Foretak og personer som driver næringsvirksomhet i landbruk etter pantelovens § 3-9 godtgjør pantsettingsadgangen ved å legge fram firmaattest eller utskrift fra momsregisteret, kvittering for betalt merverdiavgift eller annen offentlig dokumentasjon som godtgjør momsregistreringen. Det må dessuten vedlegges egenerklæring om at vedkommende driver næringsvirksomhet i landbruket. Jfr. forskrifter til panteloven § 3. Ved retinglysing av tidligere avtale kreves ingen dokumentasjon for næringsdrift.
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04.11.10 |
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GE Capital Completes Acquisition of RBS Factoring GmbH |
GE Capital has completed the acquisition of RBS Factoring GmbH from The Royal Bank of Scotland plc (RBS), following the approval of the relevant authorities.
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An agreement with RBS to acquire 100% of RBS Factoring GmbH was signed on the 29th of March 2010. The announcement and further information can be found here:
http://www.genewscenter.com/Press-Releases/GE-Capital-to-acquire-Royal-Bank-of-Scotland-s-factoring-business-in-Germany-26fa.aspx
About GE Capital
GE Capital is a leading provider of specialist finance throughout the EMEA region, providing a wide range of solutions including: accounts receivable management, inventory finance, ABL, cross-border financing, leveraged finance, European leasing/vendor finance and fleet management. GE Capital focuses on sectors where it can share GE's 130+ year heritage with customers - energy, healthcare, media, transportation and industrial - and has a major footprint in EMEA, including an exciting $8 billion commercial finance joint venture with Mubadala in Abu Dhabi.
Source: GE Capital
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05.07.10 |
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GE Capital to Acquire the Royal Bank of Scotland’s Factoring Business in France |
GE Capital, one of Europe’s leading providers of SME financing, has signed an agreement with The Royal Bank of Scotland plc (RBS) to acquire 100% of RBS Factor S.A., RBS’ factoring business in France, for an undisclosed amount |
The transaction is subject to regulatory approval. The move follows an agreement entered into with RBS earlier this year to acquire the bank’s factoring business in Germany, subject to regulatory approval.
RBS Factor is a top 10 provider of accounts receivable finance in France by financing volume. It processes more than three million invoices a year and will add approximately €3.5bn ($5bn) of volume to GE Capital’s French factoring platform. This acquisition, together with the acquisition of RBS’ German factoring platform, will increase GE Capital’s total European factoring volume by more than €6bn ($8bn).
GE Capital is one of the leading providers of accounts receivable finance in Europe, lending more than €200 million to small and medium sized European businesses every day and financing more than 350,000 companies every year in Europe alone. Since 2004, GE Capital has provided more than €350 billion ($500 billion) of working capital to small and medium sized businesses across the region.
"The acquisition of RBS Factor France makes great strategic sense for GE Capital and, together with our acquisition of RBS’ German factoring business, reinforces our position as a leading independent provider of accounts receivable financing solutions in France and across Europe,” said Rich Laxer, President and CEO of GE Capital EMEA.
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21.05.10 |
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Selg fordringene dine, få bedre likviditet |
Factoring, eller å selge fordringer, er et finansielt verktøy som i første omgang sikrer bedre likviditet i bedriften. |
I utgangspunktet kan alle bedrifter benytte seg av dette. Å selge en faktura er det samme
som å selge en fordring. Dersom kunder betaler fakturaene sine sent, fungerer i praksis bedrifter som bank for kundene siden de gir kreditt. Ved å selge fordringer, unngår du å være bank, samtidig som du sikrer egen likviditet.
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Der hvor banker tradisjonelt er opptatt av klienten og dennes betalingsevne, er en factoringvirksomhet mer opptatt av kundeporteføljen. Det vil si at de for eksempel kan kjøpe fakturaer til helt nye bedrifter, basert på kundegrunnlaget til bedriften. Det stemmer sier Jan Fredrik Haraldsen, Direktør, Finansieringsselskapenes
Forening. I dagens konkurranseutsatte marked har bedriftene større behov for å fokusere på kjernevirksomheten, da blir det en ekstra belastning å måtte styre fakturaer og utestående fordringer, forteller han. En løsning med factoring der du selger porteføljen av fordringer kan være en gunstig løsning,
spesielt for små, eller mellomstore bedrifter med mange fordringer til private. For eksempel vil åndverkerbedrifter som får inn utestående beløp, få større forutsigbarhet på likviditetsstrømmen.
Slik vil de i mindre grad være avhengig av kassakreditteri den daglige driften.
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Selv om fordringen ikke er endelig overdratt før den er betalt, og en fordring som misligholdes i utgangspunktet vil bli returnert, er det stor enighet om at å selge fordringer øker betalingsviljen.
Ja, sier Haraldsen, mange bedrifter opplever at mange er trege med å betale regninger fra et firma
de ikke kjenner så godt. Vi ser også at bedrifter bevisst utsetter å betale fakturaer og skaff er seg da en rimelig form for kreditt på bekostning av et annet firma. Ved å la et profesjonelt selskap overta fakturaen øker betalingsviljen betraktelig, spesielt fordi fakturaen følges opp av et selskap som har innkreving av fordringer som hovedgesjeft, sier han. Det er ikke bare små bedrifter eller håndverkere som kan ha nytte av
factoring. Større virksomheter med store fakturamengder, vil også kunne dra nytte av en slik løsning. Det
handler om å skape lønnsomhet for begge parter: Både selger og kjøper skal tjene på løsningen, dette
på tross av forskjellig fokus og innfallsvinkel.
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I utgangspunktet kan fordringer overdras fritt, sier Haraldsen. Unntakene er fordringer pålån, som krever finanskonsesjon eller samtykke fra låntager. Kjøp av fordringer før forfall krever også finanskonsesjon. Innfordring av misligholdte fordringer krever dessuten inkassokonsesjon, forklarer han. |
TOM AMRIATI-LØVÅS - redaksjonen@mediaplanet.com |
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08.03.10 |
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