Having a selective invoice finance facility allows a business to have full control of its sales ledger. They can choose to receive funding on invoices as much or little as they like. They choose what invoices they need funding on and what ones they don’t. Typically, an invoice financier will provide an online platform for a business to upload invoicing onto as required and in return receive upfront payments. It can be a lot faster to get set up than whole turnover invoice finance facilities.
As a bonus most selective invoice financiers will provide credit insurance on the invoicing, giving you peace of mind and the ability to take on larger projects, orders, or work that you are being asked to complete. This in turn should allow you to increase turnover within the business and boost cash flow.