Understanding the supplier-customer relationship - what is money, what is an invoice, and what's invoice finance?
Understanding the supplier-customer relationship gives you the knowledge and confidence to manage your customer payment terms. Understanding what is an invoice, and to whom the benefits lie, are fundamental in managing your business cash flows. We also introduce invoice finance as a way to convert your business-to-business invoices into cash in order to solve cash flow problems, noting that for many businesses, their accounts receivables is their biggest asset.
Alternative Business Finance and comparing an Overdraft to Invoice Finance
In this video, I discuss alternative business finance – what is it, and why use alternative finance for your business. I also compare an overdraft to an invoice finance facility, discussing the benefits and limitations of each facility, and the present and future costs of each facility – showing how an overdraft can cost you and your future generations millions of dollars in lost opportunity.
How does invoice finance work and what does a financier look for in financing an invoice?
This video is an introduction to invoice finance – a business cash flow management tool that allows businesses to bring forward business-to-business invoice payments without impact on their customers. I often come across some common misconceptions about invoice financing, some of which is discussed in this video. Information in this video will help you understand how invoice financing works, and what each financier looks for when determining which invoices can be financed.
Selective Invoice Finance vs Full Book Invoice Finance
This video explains the differences in how the two main types of invoice finance facilities work – Full Book (Whole-of-turnover, or Whole-ledger) invoice finance, and Selective invoice finance. Learn about some of the common disapprovals in invoice financing and how the disapprovals impact access to, and the cost of, finance with each facility. By understanding how these types of facilities work, you are armed with the knowledge to be able to identify which facility works best for your business.
