Tis the season to be jolly, and with Christmas just around the corner a lot of businesses are shutting up shop to enjoy the festive season without needing to worry about pesky hangovers getting in the way of business operations. Of course, this is all well and good for companies that are on a solid financial footing, but what if your accounts are a little worse for wear? Getting those invoices paid can be difficult enough at the best of times but at this time of year it can be even trickier to stay afloat, and that’s why factoring could be the ideal solution.
The Christmas season can always be a bit tricky for the smaller business to navigate. People will be even slacker with making invoice payments than usual, and with many offices shut down it won’t be easy to track down those late payers—it won’t be a case of calling up an invoice department and hoping to get paid, and if you’re in dire need of cash flow it can make the festivities more stressful than fun. But, with factoring you needn’t worry about that kind of situation—you’re able to release up to 90% of an invoice’s value within 24 hours, giving you instant cash flow and a valuable cash injection that can help you make it through Christmas without needing to dip into your reserves.
With this way of operating there’ll be no need to wait until well into the new year to get paid, releasing a huge amount of stress and ultimately ensuring things can continue to run smoothly. You needn’t enter 2013 in debt but can move forwards with the cash flow you need, so if you want to get through the festive season whilst keeping your finances in check just get in touch and see why factoring could be the perfect solution. After that, all that’s left to do is get out there and enjoy those last-minute Christmas parties!