Products & Services

Who are we?

FIG is an Invoice Finance Broker. We primarily offer factoring and invoice discounting via our trading partners. Both products are innovative ways in which funds can be released from your invoices to enable your business to have a more positive cash flow. Cash flow is the primary concern of all business owners. Paying invoices, wages and VAT can be a significant overhead; enabling you to access the funds tied up in your invoices can ease this stress. A factoring service can also help to manage your clients by managing your sales ledger for you, enabling you to free up your time to do what you do best - running your business. As a result, this can provide you with a better commercial relationship with your clients. Protection against bad debts may also be available.

Benefits

Factoring

Up to 90% of the value of your invoices can be paid to your business upon raising an invoice. You may be able to manage your account online. Your factoring facility grows in line with business as opposed to extending an existing overdraft facility. You can negotiate with your suppliers as cash will be available sooner to pay your suppliers. You outsource your credit control to the factor and they chase up the debt on your behalf. They can assist with credit checking and limits ensuring that you customer relationships are profitable relationships.

Invoice Discounting

(This is very similar to factoring; however it is undisclosed to your customers that you are using this service.)

This is very similar to factoring. It still allows you, the business, to raise finance against your invoices to your clients. However, it is structured so that you collect your payments and manage your clients' accounts rather than under a factoring arrangement, where this is done on your behalf by the factor.