Informed Funding’s Finance Seminars are aimed squarely at business owners. Our seminars focus on a critical underlying challenge faced by leaders of growing businesses in the UK.
At these seminars we do something different. Our seminars involve ‘live’ case studies, informal panel discussions, Q&As and networking.
We build in time for attendees to really question speakers to help ensure each attendee gains a tangible learning that will impact their business.
Click here to register for this seminar.
Improving Working Capital & Your Digital Financial Footprint
Friday, 26th February 2016, 9:00am – 11:30am
130 Wood Street, London, EC2V 6DL
Nearest Tube: St. Paul’s Underground Station
Getting credit from suppliers, and quick payment from customers, can make the difference between successful growth and financial failure. Learn how to radically improve your finances, as we answer these questions:
•What digital information do suppliers and customers access when setting trading terms?
•How do you improve your digital “credit rating”?
•What types of specialist finance are there to assist in helping with working capital stress?
Attendees will also get a chance to have a confidential credit check done on their own business.
We are pleased to be joined by members of the Experian Business Express team.
Experian is the leading global information services company, providing data and analytical tools to clients around the world. They help businesses manage credit risk, prevent fraud, target marketing offers and automate decision making.
We will also be joined by Alex Fenton, CEO & Founder of GapCap.
GapCap is a fast and flexible alternative to traditional invoice finance whereby they aim to accelerate SMEs growth by releasing working capital which is locked up in their invoices.
We will also be joined by Martin McDermott, Business Development Manager at Bibby Financial Services.
Martin has been a successful Business Development Manager for the past 17 years working for Bibby Financial Services. Bibby Financial Services is one of the UK’s leading independent invoice finance specialists.
Cost: The event is free to Registered Business Members of Informed Funding. £75 (including VAT) to others. Tickets are limited.
Workspace customers have free premium access to Informed Funding including free membership and preferential access to our seminars.
An Introduction - A Lack of Credit from Suppliers
Larger, well established, businesses are in a position to push for payment terms from their suppliers. Typically they might negotiate 30 day terms or even 90 days, meaning they get to use their supplier’s services or products without paying for a few weeks. Fairly obviously this improves their cashflow, with the inherent savings that involves.
Smaller companies, particularly new companies, struggle to negotiate similar terms. Indeed, they are treated more as a “consumer”, meaning that they have to pay for the goods or service “on invoice”, and typically at the point of delivery. In fact, many smaller businesses find they have to pay in advance.
Of course, this cash flow issue is exacerbated by businesses, particularly SMEs, having to credit to their customers. Let’s say it costs you £100,000 per month to run your business, and you receive no credit, but have to give sixty day credit to your customers. In simple terms, you need to “finance” (perhaps borrow) £200,000 to cope with that.
We provide some tips and guidance on how to improve your collection from customers in our section marked “Rising Trade Debts”. Here we look at some ways in which you can increase the amount of credit you can obtain from your suppliers.
Click here to read some of our Key Tips.