Once the initial contract has been agreed, you can then use our services each month to suit your requirements. You will notify us when you have an invoice that you would like factoring. You will need to notify us, and in many cases this can be done via email, of the details of that invoice, to include: the customer name, address and business details, the amount on the invoice and when it was dated.
In some cases we may need to contact the customer to verify the invoice and amount, this will be carried out with discretion and respect to your customer as well as to your company to maintain a good relationship between you and your customers. In allot of cases and especially once a good working relationship has been gained between you and ourselves, we wont need to make contact with the customer at all.
We will then purchase the invoice from you and a percentage payment made to yourself. We will then take the responsibility of obtaining the full invoice payment amount from your customer.
This process can be carried out, as often as you need it or only on occasion, it is flexible and tailored to meet your full business needs.