Trading Overseas
Trading Overseas With More Confidence
The Problem
Expanding overseas can seem relatively easy. But accessing funding to do so and getting paid once trading is more difficult. Long cash cycles, language, currency and differing cultural and legal systems sometimes cause problems which make the job risky and difficult.
The Solution
Our Export Factoring service offers you a complete package to help you develop your overseas business profitably and with confidence.
Not only do we provide an immediate injection of cash against the value of your outstanding export invoices but then as you raise an invoice, we can release up to 80% of the value of that invoice within 24 hours. The remaining 20%, less a small service fee, is paid to you once your customer pays. This means your business has access to an ongoing supply of cash linked to your sales. So, as your overseas business grows so does the amount of funding available to you.
In addition to the cash that we can provide, we also remove the hassle of dealing with overseas customers, by chasing and collecting outstanding invoice payment. Working with you, we use the services of our in-house multilingual team.
We will prepare and send out statements and telephone your overseas customers, always communicating with them in their language. We will collect payments for you, and maintain professional and detailed accounts of your transactions.
We can also help in smoothing out the problem of fluctuating exchange rates by offering multi currency facilities. We have overseas bank accounts for fast, low cost receipt of payments.
You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you.
How much does it cost?
Our Export Factoring solutions are tailored to your business so the fees will depend on your own unique requirements.
There are two types of fee. The first is the cost of the money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee.
