CHAPS
Invoice Funding
Chaps understands one of the most important aspects of your business is cash flow, having 20 years’ experience in recruitment and understanding the need for invoices to be paid on time can be difficult or sometimes impossible in the current climate. So, let’s see the Benefits of using CHAPS invoice finance.
Factoring
We have the most cost-effective solutions to your pain, as an independent we have access to the whole of the market or even better our in-house finance solutions
- Release up to 90% of an invoice value, typically within 24 hours of receiving it. Faster access to cash.
- Increased flexibility, as your debtor book rises, the amount of cash you can realise will rise with it.
- Power to negotiate, with earlier access to funds, you can negotiate early payment discounts with suppliers.
- International opportunities we offer Invoice Finance for both UK and overseas debt in a range of different currencies.
- Also known as 'debt factoring' - involves processing your invoices to CHAPS. In return we will process the invoices and allow you to draw funds against the money owed to your business. Essentially, these companies provide a finance, debt collection and ledger management service.
- It is commonly used by businesses to improve cashflow but can also be used to reduce administration overheads. Businesses that supply this service are called factors or debt factoring companies.
- Invoice discounting is an alternative way of drawing money against your invoices. However, your business retains control over the administration of your sales ledger.
- Chaps understands one of the most important aspects of your business is cash flow, having 20 years’ experience in recruitment and understanding the need for invoices to be paid on time can be difficult or sometimes impossible in the current climate. So, let’s see the Benefits of using CHAPS invoice finance.
- Factoring provides a quick boost to cashflow. This may be very valuable for businesses that are short of working capital.
- We have the most cost-effective solutions to your pain, as an independent we have access to the whole of the market or even better our in-house finance solutions.
What is outsourced payroll?
Simply put, payroll outsourcing is means hiring a third party company that specialises in payroll processing to handle the payroll for your busin...
What are the consequences of auto-enrolment non-compliance?
The Pensions Regulator has used enforcement powers in over 500,000 cases in the last decade as a result of employers failing to comply with auto-...