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Here at Compare Factoring we make you promise – to bring you all the information and news you need about the world of accountancy, invoice factoring, invoice discount and invoice finance in general. If you are a regular here, you may well have been enjoying all that our news section has to offer of late, if not we think you are in for a treat. All this, backed up by our easy to use and informative site – business is now not something you have to be bewildered by….enjoy!
Today’s great article focuses on the rewards many businesses are enjoying as a result of the aforementioned invoice factoring, discounting and finance. All specialities here at http://www.comparefactoring.net…
A new survey from the Asset Based Finance Association (ABFA) has been published in which it has been revealed that businesses now expect to be turning to releasing more cash from their assets using invoice finance. This can be done through either through invoice factoring or invoice discounting.
The report actually suggests that the quota of invoice finance is set to grow by 9% in 2012.
There is also some encouraging optimism to be taken from the businesses surveyed. Members were asked to predict their own industry growth figures for 2012. The results were that forecasts for companies that generate turnover from companies using asset based finance in 2012 will hit GBP 259bn, up 12% from GBP 235bn in 2011.
So, great news for the invoice and factoring industry as we head into another wet and rainy British weekend! Be sure to head back to Compare Factoring next week for some more great business updates…
"Target Business Assist have provided our business with a new invoice factoring system that has dramatically improved our cash-flow position and flexibility with our clients..."
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