As you may know, Brexit has brought many changes and challenges for UK businesses, especially those that trade with the EU. Some of these challenges include:
- New customs procedures and paperwork that can cause delays and extra costs
- New tariffs and taxes that can affect your profit margins and competitiveness
- New regulations and standards that can require adjustments and compliance
- New currency fluctuations that can affect your cash flow and exchange rates
These challenges can put a strain on your cash flow and working capital, making it harder for you to run and grow your business.
But there is a way to overcome these challenges and turn them into opportunities. And that is invoice finance.
Invoice finance is a way of unlocking the cash tied up in your unpaid invoices. It allows you to sell your invoices to a third-party provider, such as Shire Invoice Finance, and receive up to 85% of their value within 24 hours. The remaining 15% is paid to you once your customer pays the invoice, minus a small fee.
Invoice finance can help you overcome the challenges of Brexit by:
- Improving your cash flow and working capital. You can access the money you’ve earned without waiting for your customers to pay you, giving you more cash to pay your expenses and invest in your business.
- Reducing your risk and exposure. You can protect yourself from bad debts, currency fluctuations, and late payments by transferring the credit risk to the invoice finance provider.
- Increasing your flexibility and scalability. You can adjust your invoice finance facility according to your needs and preferences. You can choose which invoices to finance and when, giving you full control over your cash flow.
- Enhancing your competitiveness and growth potential. You can take advantage of new opportunities, such as expanding into new markets, launching new products, or increasing your production capacity, without worrying about cash flow constraints.
Invoice finance is a simple and smart way of overcoming the challenges of Brexit and turning them into opportunities for your business.
At Shire Invoice Finance, we offer tailored and flexible invoice finance solutions for businesses of all sizes and sectors. We have over 20 years of experience in helping businesses like yours navigate the changing business environment and achieve their goals.
If you’re interested in finding out more about invoice finance and how it can help your business overcome the challenges of Brexit, please click here to request a free quote. We’ll get back to you within one working day with a personalised offer.
Don’t let Brexit hold you back. Unlock the cash in your invoices today and take your business to the next level with Shire Invoice Finance.
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