Invoice Finance without Credit Control
Invoice Finance is designed to boost your cash flow. At Aston Rothbury, we accept invoices both manually and electronically, enabling us to make same day payments against your invoices at an agreed prepayment percentage.

A reality of offering credit to customers is that some customers will decide not to pay, in which case legal action becomes the only option. To assist in such cases we have a legal department dealing with most cases in house, which keeps costs relayed onto our customers to a minimum, and rapidly increases the speed at which cases are dealt.

The above processes are the major functions of an “invoice finance without credit control” service, described below.

Sales Ledger Management
A Client Management team is allocated to each of our customers, helping to build client familiarity and mutual trust. This overcomes the problem of clients calling in and always having a different person at the end of the line, who does not understand the intricate workings of your day-to-day processes.

Credit Assessment
As an essential part of risk assessment, we manage the funding limits on your customers using well established, credit reference agencies as well as information provided by you, additional sources over the “Web” and recorded payment histories.

We take a view of your largest, most risky debtors and apply them to our FREE financial monitoring service, which informs us daily of all significant reported changes within the companies’ structure and financial status.

We can also assist by making credit recommendations on your prospective customers, helping you to optimise your sales efforts and resources to those customers who will be more likely to be successful in making payment.

Cash Allocation
Payments received from your debtors will be managed and processed by our cash allocation department and reported to you daily so you can update your ledgers accordingly.

Our cash allocation department is centralised and works closely with the client management and collection departments, reducing the risk of misallocations.

When payment of your invoices is received, the remaining unpaid percentage is made available to you same day, unlike many other competitors who withhold payment until Cheques and BACS payments are cleared.

Query Identification
When your debtors raise invoice queries, we assess whether they can be dealt with in house. If they can’t, and your intervention is needed, we will log them whilst you make further enquiries. We will continue our reminders until the query is resolved.

Record Keeping
We maintain a detailed computerised record of payments and collection notes to help when assessing funding limits or collection follow-ups. These details are available to you when judging if further orders and sales are to be fulfilled, or whether accounts are to be put on stop.

Free Archiving of Invoices
A valuable resource available to us is our manual and computerised archiving service, which comes FREE to you as a client.

Legal Actions
Our dedicated legal department now deals with most cases in house, which keeps costs relayed onto our clients to a minimum, and rapidly increases the speed at which cases are dealt.
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