Are you worried about switching invoice finance providers?
A large number of clients are looking to move their factoring, invoice discounting or trade finance facilities between different providers.
Clients are often worried about problems trying to switch between different providers such as paying termination fees and notifying existing customers.
Fortunately, there have been some significant changes in recent times that have made the process of switching providers extremely simple.
Help paying termination fees
A number of providers will help clients pay termination fees levied by existing providers either in part or even in full. Equally, the cost savings of switching providers can often more than offset any termination fee over time.
"Hand Holding" Transfer Service
Some providers will offer a "hand holding" service to take new clients smoothly through the transfer process between different providers. Similarly, Cashflow Acceleration's own advisers will also help and guide you through the process.
Standard Transfer Procedures
Lastly, the professional body to which most of the factoring and discounting companies belong, the Factors and Discounters Association has standard procedures that their members must follow to simplify the transfer process.
Who can help you switch providers?
Cashflow Acceleration Ltd, an East Sussex based company, offer a UK wide free independent quotation search service for factoring.
In many cases they have saved clients at least 33% of the cost of their existing or quoted invoice finance facility.
Call 01892 784183 today for a FREE independent quotation search.
