Make sure your payment terms are always stated clearly on your invoices and as the payment date draws near, send a reminder. As soon as your invoice becomes over due, make sure you start chasing.

    Offer your customers early payment discounts.

    Shop around for better deals on business energy, gas, insurance and communications.

    Use invoice finance to make the cash tied up in your invoices work for you. You can free up to 95% of your invoice values and release cash within 24 hours with certain lenders.

    Always credit check new customers before you supply them with goods or services. If you are in doubt, insist in payment upfront – especially from new customers. It is also advisable to take a non-returnable deposit.

    Never give your clients an excuse to delay payment. Double check invoices before you send them out to make sure all details are correct and they are properly addressed to the right person at the correct address.

    Make sure are up to date with your incomings and outgoings, including VAT and PAYE. Keep a running cash flow forecast so you are aware of any potential issues.

    For independent factoring advice and to receive a free quote call 0844 846 7475 or CLICK HERE NOW.

Customers Stories

Conrad Thornton of Green Street Media tells us how Target Business Assist have provided their business with a new invoice factoring system that has dramatically improved their cash-flow
Conrad ThorntonGreen Street Media LimitedChester, Cheshire

"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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