- 18 Mar
Case Study Helping A Business Save Thousands After Their Invoice Finance Provider Asked Them to Leave
Below is a case study about how we helped a business save thousands after their invoice finance provider asked them to leave and recommended an alternative provider.
Below we explain how we helped them. Call 03330 113622 if you need similar support.
A Case Study About Helping a Business Save Thousands After Their Invoice Finance Provider Asked Them to Leave
We were recently contacted by a business that had been using a large, established invoice finance provider rumoured to be withdrawing from some parts of the UK financing market.
The business had been unexpectedly asked to leave and they needed to find an alternative provider quickly. The existing provider referred them to an independent invoice finance company that agreed to match their current rates.
Uncertain about their options, the client wanted to ensure they were getting the best deal.
How FundInvoice Helped
Rather than accepting the existing provider's recommendation outright, the client approached FundInvoice for an independent market comparison. We conducted a full review and narrowed the most economic choices down to a shortlist of 3 alternative providers.
We then used our invoice finance price comparison tool, to make a comparison between these multiple competitive offers.
See this article by the Greater Birmingham Chambers of Commerce about the: Benefits Of Using A Business Finance Broker.
The Results Of Our Price Comparison
We sourced three alternative quotes, each offering better pricing than the independent provider suggested by their existing provider. After reviewing the options, the client selected the most cost-effective provider, which is estimated to save them several thousand pounds annually compared to their previous arrangement.
Of course, this will also be a cheaper arrangement than the price-matching option offered by the competitor being recommended by the existing provider.
Why This Matters
This case highlights the importance of exploring the UK market rather than relying solely on an existing provider's recommendation. At FundInvoice, we work to find the best deal for businesses and often uncover significant savings in the process.
Rather than seeing being asked to refinance as a threat, it can be a perfect opportunity to compare the market and find cost savings or other facility improvements.
Related content: See our: Guide To Moving Providers.
Looking for a Better Invoice Finance Deal?
If your business is reviewing its invoice finance arrangements, let us help you compare options and find the most competitive offer. Contact us today for a free, no-obligation review at 03330 113622.
Case Study Helping A Business Save Thousands After Their Invoice Finance Provider Asked Them to Leave
Call us: 03330 113622
