"The addition of invoice discounting to our portfolio means that we can meet the requirements of even more clients."
The development is designed to provide faster and easier access to cash, enabling the funder to support more UK businesses and existing clients who are building back from the impact of the last 18 months.
Clients benefitting from Pulse Cashflow's e-sync powered invoice discounting solution will be able to access the cash they need more quickly through a new improved online client system. E-sync will allow the automatic upload of a firm’s sales ledger direct from their accounting package making it easier for clients to administer their facility, improving accuracy and faster response ensuring that clients have funds in place when they need them.
The addition of invoice discounting means the firm can now offer a broader funding portfolio to meet the varying needs of UK businesses from start-ups through to businesses turning over £20m+ who are looking for funding facilities up to £2.5m, with plans for further developments over the coming months.
Its funding portfolio now covers invoice discounting and factoring, with inclusive bad debt protection and both confidential and disclosed facilities available. It also offers 'one fee finance' for smaller businesses seeking facilities of up to £100k and ICON (In Case of Need) for clients who require additional funding at specific times in their trading cycle.
Toni Dare, managing director of Pulse Cashflow, said: “We are delighted to be first to offer e-sync and the ability to deliver faster and easier access to funds. As the UK moves forward on the road to recovery, businesses will be looking for funders willing to support them through uncertain times. We aim to provide that certainty of funding in good times and in bad, so our clients have the reliability of funding they need to make their plans happen. The addition of invoice discounting to our portfolio means that we can meet the requirements of even more clients.
“Getting quick answers – be that a no or a yes – is what clients expect. At the heart of our funding decisions is the quality of the debt not the strength of our client’s balance sheet. Our sales and operations teams work together taking each deal on its own merits, understanding the business and how it works. Overall, it means that we feel comfortable taking on those deals that mainstream lenders may shy away from.
“With a healthy level of funding available, we are looking forward to helping more SMEs realise their growth plans.”
