Export Receivables
Trade Overseas With Confidence
Export Finance – What is it?
Our export finance service helps you develop your overseas business profitably and with confidence.
Not only do we provide an advance of cash against the value of your outstanding export invoices but then as you raise an invoice, we can release up to 90% of the value of that invoice within 24 hours. The remaining 10%, less a small service fee, is paid to you once your customer pays. This means your business has access to an ongoing supply of cash linked to your sales. So as your overseas business grows so does the amount of funding available to you.
In addition to the cash flow funding that we can provide, we also remove the hassle of dealing with overseas customers by going after and collecting outstanding invoice payments from them for you. Working with you, we decide whether to use the services of our in-house multilingual team or to use our worldwide network of associated factoring companies, always ensuring the smooth flow of business over differences in laws, customs and language.
We will prepare and send out statements and telephone your overseas customers, in many regions communicating with them in their language. We will collect payments for you and maintain professional and detailed accounts of your transactions.
We can also help in smoothing out the problem of fluctuating exchange rates by offering multi currency facilities. We have overseas bank accounts for fast, low cost receipt of payments.
You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you.
How Does it Work?
- We jointly advise your trading partner that you intend to use our export funding services, so that the customer's cooperation can be expected when we contact them.
- When we receive your application, we will assess the creditworthiness of your customer and define a line of credit for them. An agreement will then be signed between you and us.
- To help with your cash flow, we will provide a cash advance against the value of your outstanding export invoices with that customer.
- You complete your business transaction and create an invoice for the goods.
- You send us your export invoices for funding and we verify that the goods were received.
- We will release up to 90% of their value within 24 hours.
- We include our details on your invoice and send it to your customer so that they can easily follow the instructions and make payment to us.
- On the due date, we will collect payment from your customer and pay you the remaining 10%, less a small service fee.
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