Competitive Factors lower fees … you be the judge
Why choose Competitive Factors?
Competitive Factors fees is THE MOST competitive and we disclose all fees.
For a similar service to your current factor company:
| 1. |
You will find that Competitive Factors will more than match the fees that you are paying with your current factor company |
| 2. |
Up to 90% can be released against your unpaid sales invoices within 24 hours request. More than most of our competitors! |
| 3. |
Our Factor Contract has no hidden fees |
Discover the other advantages of using Competitive Factors:
- Our rates are more competitive because our costs structure is lower.
- We recognise the importance of speed in our cash flow factor service
- We structure our service to suit your unique set of financial circumstances
Our Strength - more clients prefer us than any one of our competitors ….Working with
Competitive Factors is much like finding a sort of a business partner that's right for your business:
You will also be interested in benefits that Competitive Factors can offer you ….. a continuous
service for your on going invoices to help with your cash flow needs.
- Invoice discounting - immediate cash forsingle debtor or selected invoices -
- Debtor’s Ledger’s - regular cash for customer’s accounts receivable, poorly spread sales ledgers and overdue accounts (so long as those customers are creditworthy).
- e-mail and internet banking gives you faster access to your cash.
Competitive Factors lower fees may vary from 1% to 5% depending on;
- The difficulty it is to collect including customer’s history and creditworthiness with you.
- the amount owed
- the number of invoices or the volume of the accounts receivable and
- the number of required factored invoice repurchasers
Competitive Factors administration fees cover:
- Account sales: Records details of the factor invoice.
- Credit: Researches and approves (or rejects) credit risk for factored invoices.
- Collection: Collects outstanding receivables purchased from clients.
- Bookkeeping: Records sales invoices; applies and records payments received
- Accounting: Correlates all transaction data; renders monthly accounting reports
Competitive Factors Service and Fee pledge
If you are not satisfied - All we ask is that you give us the opportunity to put the issue right first.
Remember … Our rates are competitive.
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