If you’re considering an invoice factoring account with RBS FacFlow, here are the things you need to know. About RBS The Royal Bank of Scotland has a long history of financial expertise tracing its origins back nearly 300 years. Amongst their many services, they offer invoice discounting and invoice factoring to UK businesses. The Royal Bank of Scotland Invoice Finance (RBSIF) division provides an invoice factoring service branded as FacFlow. A FacFlow account is intended to be easy as possible for business to manage their finances and is hosted on an online platform. Is FacFlow the Right Choice for Your …
Retail finance allows small businesses another way to pay for their customers. It also gives small business another tool to help them compete with the major retailers and chain stores which often have the edge over the independent outlets and specialist stores both on and off-line. One piece of good news for smaller businesses is that they are now able to offer the same kinds of retail finance products as their larger competitors. Retail finance enables customers to make a decision about whether or not they want to pay for their goods in more manageable monthly installments at the point …
Invoice factoring or invoice finance, as it is also referred, is how a businesses can generate cash quickly by using it’s to-be-paid invoices as collateral, the finance company will make a small charge for the privilege and your business can concentrate on growing rather than waiting for customers to pay. Imagine the following scenario; You run a small business. You provide your customers with services or goods. In order to get paid, you raise invoices for those services or goods. And then you wait. While you’re waiting, new business opportunities are missed and chances for expansion slip by. When your …
