What’s the deal?
Many businesses allow a period for their customers to settle invoices. When dealing with larger businesses, they will often insist on terms that suit them which can reach 90 days. Clearly, this presents a problem to the cashflow of small businesses, limiting their ability to plan ahead effectively, and exposing them to additional risk and burdens of cost. To reduce this risk, companies might turn to invoice finance services who might pay a proportion of an invoice in a shorter period of time in return for a varying fee based on the total invoice amount. However, the onus remains with the company to ensure the client pays up when the original invoice comes due.
Powered by Hydr’s revolutionary software, SME’s are able to have their invoices paid within 24hrs of creation, subject to a fee that is fair and fixed and the team at Hydr also take responsibility to collect payment for the invoice themselves.