Financial Services
With our financial services we can help people recognise your business as unique!
Traditional and conventional methods of finance, such as bank overdrafts, often prove inadequate or insufficiently flexible to keep up with the growing needs of the business. Growing companies often have high borrowing requirements but limited assets, and their balance sheets do not always enable them to qualify for large overdrafts. In these cases, the ability to obtain finance does not match their opportunities in the market place therefore the use of our financial services can be capitalised upon.
Businesses can only achieve their true potential with the right financial services as a business must be able to respond quickly to changes in the market place, safe in the knowledge that the funds needed to match their objectives will be available. To achieve this, what is often required is an alternative to conventional finance - i.e. free up the cash that is locked up in their trade debtors!
Below are some of the products and financial services that we supply.
Factoring
Combine flexible finance, linked to turnover, with a professional Debtor Administration and Credit Control Service.
This is a financial services method of providing capital and accelerating cash flow and is designed to help businesses to grow profitably from a sound base.
It combines flexible finance, linked to turnover, with a professional Debtor Administration and Credit Control Service. Compared with a bank overdraft facility, Factoring is a more flexible means of finance, effectively converting credit sales into cash sales.
It does not involve borrowing, but simply releases cash which is contained in accounts receivable.
Financial Services
Invoice Discounting
One of a few specialist financial services available to sound, established companies with efficient sales ledger administration and collection routines.
This is a specialist service only available to sound, established companies with efficient sales ledger administration and collection routines, and annual sales of R20 million or more, who wish to release the money contained in their book debts.
By using Invoice Discounting the company can substantially replace credit sales by cash sales, without compromising it's relationship with it's customers. Invoice Discounting may just be the perfect partner for the business. It is simple to operate and provides a flexible source of additional working capital.
Trade Finance
Designed for the growing business, Trade Financing enables a business to increase its working capital by funding the operating cycle.
Trade Finance is one of the financial services designed for the growing business. It enables a business to increase its working capital by funding the operating cycle, i.e. from the time payment is made to a supplier until receipt of funds from customers, thereby leaving internal funds free for other uses.
Trade Finance is usually provided to companies which are profitable and ready to expand, but have no additional funds available. Subject to pre-arranged terms, Merchant Factors would make payment to overseas and/or local suppliers by way of either a Letter Of Credit or Direct Payment and, in most cases, offer the credit period needed before recouping money from customers.
Let us make a difference to your attitude towards your business and increases your drive to succeed with our financial services.
