UK-based invoice finance provider Pulse Cashflow Finance have announced the addition of a tech-enabled invoice discounting solution to their portfolio of funding solutions. The development is designed to provide faster and easier access to cash, enabling the company to support more businesses and existing clients who are still recovering from the effects of the pandemic.
Pulse Cashflow will be the first providers in the market to use the e-sync technology that is incorporated into the solution. It will allow the automatic upload of a firm’s sales ledger direct from their accounting package, improving accuracy and ensuring that clients have funds in place when needed. The addition of invoice discounting means the firm can now offer a broader funding portfolio appealing to a wider range of businesses, from start-ups through to businesses with over £20m turnover.
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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.”
Dare continued: “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”.
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