Established in 2019, this growing wholesale and distributions company supply both their own and household name brand furniture throughout Ireland. With both large-scale and smaller independent customers, payment terms can vary significantly. To help mitigate this challenge, invoice finance has been successfully used to bridge the gap between issuing sales invoices and receiving payment.
When the incumbent financier exited the market, it was essential to find a new partner who could ensure a seamless transition with minimise disruption to business. The specialist team at Close Brothers worked quickly to establish a suitable funding option which would meet the bespoke needs, without causing interruption to day-to-day operations. Our market-leading software, IDeal™, integrates with accounting systems providing instant access to up to 90% of the value of outstanding customers invoices.
Invoice finance can be an excellent tool to help businesses respond quickly to cash needs and take advantage of opportunities as they arise. This is often reassuring when dealing with varying payment terms or seeing an increase in late payments.
Switching provider should be easy and seamless. At Close Brothers Commercial finance, we take time to understand your company objectives and will tailor a solution that is right for you. Find out more about how invoice finance can support your business plans here.
