Buyers Guide: Inspired Cashflow

Transcription

1 Hitachi Capital Inspired Cashflow Buyers Guide: Inspired Cashflow Improving Business Cashflow Page 1

2 Buyers Guide: Inspired Cashflow Contents 1. Why Inspired Cashflow 2. How it works 3. One simple fee 4. Forget the overdraft 5. Case study 6. What s next Page 2

3 #1 Why Inspired Cashflow Simple no nonsense finance Our new, fresh and innovative Inspired Cashflow is the first of its kind in the market so you won t find this anywhere else. Simply access money the day you raise an invoice for just one flat fee from 0.45% of the sales invoice. We ve taken away the hassle to give you simple, straightforward finance. There are no hidden charges It s easy to set up and can be done either online or over the phone We have made it simple for you to leave All from an award winning provider We have dedicated Client Managers on hand to talk you through the product and help you get started today. Call us now for an informal chat on Freephone or take 2 minutes to complete the online form at Page 3

4 #2 How it works Cash released the day you raise the invoice To enable you to open an Inspired Cashflow account we ll need to do some standard checks on your business, directors and key shareholders. This is all done online to avoid delay. It will take under 5 working days to set up your account, and when this is ready you can begin to access money on the same day you raise an invoice. To set-up your Inspired Cashflow account, just follow these simple steps:- 1. Complete an online application 2. One of our locally based managers will visit you to explain the product, collect sales ledger details and sign the paper work 3. We contact your customers to verify your invoices 4. We pay you the agreed amount of money, normally 85% of your sales ledger 5. We collect the value of the invoices from your customers, and repay you the remaining 15% minus our fee 6. This process will continue for as long as you choose to work with us Page 4

5 #3 One Simple Fee We believe in making cashflow finance simple, flexible and affordable that s why with Inspired Cashflow we charge a single fee, based on your sales turnover. The higher your actual sales turnover the cheaper our fee, as per the cost guide below: Charged on sales turnover The percentages below are charged on each sales invoice you raise. The higher your company sales turnover the lower the percentage cost per invoice. Remember there are no set-up or other costs for this service. Invoice Amount Up To 150K 150K-250K 250K-350K 350K-450K 450K-550K 550K-650K 650K-750K 750K-850K 850K-1M 1M-1.5M 1.5M-2M 2M-3M 3M-4M 4M-5M 5M-10M 10M+ Absolutely no hidden charges Service Fee 4.00% * 3.75% * 2.95% * 2.95% * 2.75% 2.50% 2.50% 2.25% 2.25% 1.95% 1.75% 1.39% 0.89% 0.89% 0.65% 0.45% *a minimum monthly fee may apply That s right just a one off new client fee of 250 and from 0.45% on every sales invoice. No minimum fee, finance fee or nasty surprises. Page 5

6 #4 Five Forget the overdraft reasons why Inspired Cashflow is better than an overdraft #1 Inspired Cashflow is linked directly to sales. Our product is essentially an advance against sales invoices you have raised to your customers. So you can enjoy all the benefits of improved cashflow without the worry of how you ll repay what you ve borrowed (as the money is repaid as your customer settles their invoice). #2 Overdrafts can be withdrawn at short notice. Banks reserve the right to cancel an overdraft facility within days and the exercise of this right has caused problems for numerous firms over the last few years. With our product, we ve taken away the nasty surprises #3 Inspired Cashflow is independent of your bank. Our cashflow finance agreement is completely independent of your banking arrangements and should not affect your credit rating with your bank. Hitachi Capital is part of one of the largest corporate groups in the world, giving you piece of mind #4 Overdrafts can struggle to keep up with business growth. An overdraft facility has an upper limit which is based on the past history of your business. As your business grows, you ll need more working capital and getting that overdraft increased can take time, with no guarantee that your application will be accepted. Because our Inspired Cashflow product is linked directly to your level of sales, it is much more flexible than an overdraft when it comes to funding growth. #5 Inspired Cashflow can streamline your business. Cashflow finance is more than a credit facility for your company; it also provides award winning credit control from a dedicated client manager, allowing you to focus on running your business instead of chasing debts. So you get more time to run your business, with improved cashflow. Inspired Cashflow - simple, flexible and affordable finance to help your business grow Every business leader knows that time is money. That s why at Hitachi Capital, we ve launched Inspired Cashflow a flexible and cost effective product; simply money when you need it. Inspired Cashflow allows customers access to ready cash on the same day that they raise an invoice without any hidden costs or hassle. The sole fee is charged on your sales turnover so the higher your sales the cheaper your costs. We re confident that most businesses will find this releases more money and is a more cost effective solution than a standard bank overdraft. Page 6

7 Hitachi Capital Inspired Cashflow Hitachi offered service charges five times cheaper than some of their competitors. #5 Cashflow Finance allows Recruitment Company to grow its people business A London-based recruitment service provider has grown its business from two employees to 130 employees within just three years. commitment to customer service, competitive rates and security. Hitachi offered service charges five times cheaper than some of their competitors. Since choosing Hitachi Capital Invoice Finance in 2008 for its factoring needs, this recruiter has driven phenomenal growth and is now turning over in excess of 16 million. The security aspect was really important to us as we felt that other providers couldn t commit to lending the money. Hitachi Capital Invoice Finance occupy a great niche: they are larger than the smaller operators who we felt we couldn t trust, and far more able to differentiate on exceptional customer service than the big brand names in the invoice finance market. Their business places candidates with prestigious financial service organisations, offering clients permanent and interim recruitment services. In order to grow its business, they approached several well-known lenders. It ultimately chose to partner with Hitachi Capital Invoice Finance for its competitive factoring service that enables them to scale the interim side of its recruitment business. Page 7 Managing Director, said: Hitachi Capital Invoice Finance was chosen as our factoring provider after discussions with a number of lenders. We decided to choose Hitachi based on their professionalism, John Atkinson, Head of Commercial Business for Hitachi Capital Invoice Finance, said: We are really pleased with their rapid growth since becoming their factoring partner in We now provide Invoice Factoring for their other businesses as the organisation appreciates the financial benefits of releasing cash straightaway, whilst benefiting from exceptional service.

8 #6 What s next... Take our no obligation 6 month trial We offer a strictly no obligation 6 month trial followed by a rolling 3 month contract period. We don t need to tie clients in for lengthy 12 month periods as we are confident of our award winning service and innovative products. If you decide to leave during the 6 month trial you will not be charged an exit fee associated with typical contract periods As the only independent provider to offer a 6 month trial we are confident you will stay for longer 99% of our clients do You can use this trial to assess whether Inspired Cashflow is the right product for your business It is also an opportunity to test our award winning service. Why wait? Simply complete the online application form or call our Freephone number You won t find this product anywhere else Page 8