Ways to Improve Cash Flow for your Business

How to improve cash flow

Even the most profitable of businesses find themselves searching for new ways to improve cash flow.

Often businesses will seek to cut costs in order to improve cash flow, but this can be restrictive in the long run. Taking on new orders can be equally counter-productive when you trade on credit terms and are faced with paying suppliers before your customers pay you.

However, there are plenty of targeted funding solutions that exist to help businesses of all sizes to improve cash flow.

At Hilton-Baird Financial Solutions, we’ve been helping businesses to overcome their cash flow challenges for more than 20 years by introducing them to the most suitable funding facilities as a commercial finance broker.

Call our cash flow experts on 0800 9774833 or request a call back to discuss how we can help your business too.

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Signs your business needs to improve cash flow

It’s proving difficult to fulfil new orders on credit terms, or you’re having to turn new business away
There isn’t enough cash available to pay suppliers, tax bills or even staff on time
You regularly pay bills late
Your existing funding is fully utilised or isn’t providing enough breathing space for your business
Your own customers are regularly paying late, or not at all

Ways to improve cash flow

Invoice Finance

Invoice finance releases cash that’s tied up in unpaid invoices within 24 hours of their issue to specifically improve cash flow. Up to 90% of their value will be made available to overcome the cash flow gap between providing a service and getting paid, enabling you to pay suppliers and meet day-to-day commitments before you receive payment from your customers.

Read more about invoice finance

Asset Based Lending

Asset based lending enables businesses to release cash against the value of a range of additional assets on the balance sheet. With an invoice finance facility at its core, funding can also be advanced against stock, property, plant and machinery to help improve your cash flow.

Read more about asset based lending

Business Loans

Depending on the strength of your business it can be possible to secure a loan to raise funding for a range of business purposes.

Read more about business loans

Debt Collection

There is a range of debt collection services to help businesses get paid faster by customers and minimise the risk of late payment and bad debt. While outsourcing your credit control can improve collection times and give you back the time to focus on growth, debt collection agencies can also recover outstanding invoices from slow paying customers or non-payers.

Read more about debt collection

Why choose Hilton-Baird Financial Solutions?

As an independent commercial finance broker, we can introduce the most suitable funding solutions available to your business according to your specific cash flow requirements, whether that’s a quick funding boost or a specialist facility which focuses on improving cash flow by freeing up cash.

We can also introduce your business to a debt collection specialist to help your business get paid sooner by customers – either by recovering overdue invoices which are proving too challenging to collect, or through a fully outsourced credit control service to bring expertise to the process and maximise results.

To discuss your options in more detail, call our cash flow specialists on 0800 9774833 or email info@hiltonbaird.co.uk.