Waiting to get paid puts a pressure on your cash flow. On the other hand, cash flow constraint is regarded by many businessmen worldwide as one of the major factors inhibiting growth.

Our Finance Service overcomes the need to wait for payment, effectively unlocking your sales ledger to boost your working capital. The result is cash flow fuelled directly by current sales and the ability to plan and grow with more flexible working capital.

How does it work?
Very simply, you provide details of your sales, either electronically or by post. This enables us to make available up to 80% of the value of the invoices by the next working day following receipt. The balance of the invoice value, less our agreed charge, also becomes available as your customers pay. The steps below illustrate the process:

1. You provide goods/services to your customer and invoice them.
2. You send the invoice details to us, either electronically or by post.
3. We make available up to 80% of the value by the next working day.
4. Either your own credit controller or, if you use our Credit Management Service, the
controller we have assigned to you, carries out the collection procedure.
5. When your customer pays, we also make available the balance, less our charge.

Who uses our Finance Service?
Almost all major local businesses trading on credit terms in Cyprus or overseas benefit from our Finance Service. Our clients include a wide range, from household names to new start-up businesses, some amongst the fastest growing in the country. Most choose to combine our Finance Service with Credit Management and/or Credit Protection.

Could we help your business?
If your business sells in Cyprus or overseas on trade credit terms, has a turnover in excess of €200.000 and invoices on completion after supplying your product or service, our services could be appropriate. It is a prerequisite that you would be selling direct to your own customers, with no single customer accounting for more than a third of your annual turnover and achieving a low level of returns or disputed invoices.