![]() As a director or partner of an agency, do you really have the spare time to pursue these payments? If you have an accounts team, is there not something better they could focus their attention on?Īlthough you might have 30-day payment clause in your contract, not all clients mark the date in their diaries, so you inevitably end up chasing payment when you could be focusing on new business strategies. No one likes chasing client payments, that’s a fact. Invoice finance improves cash flow significantly by releasing cash from your unpaid invoices, so you don’t have to wait months for your clients to pay. Why your marketing or design agency should consider invoice finance It lets you receive up to 95% of the invoice value in as little as 24 hours - putting an end to late-paying clients. ![]() If you’re the director or partner of a digital agency or specialise in any creative area such as website and graphic design, marketing, advertising, interior and fashion design, invoice finance could be the solution to your cash flow problems. You’re consistently looking for new ways to improve your service - but how can you do that without necessary cash flow? Your creative agency relies on the monthly or quarterly payment of client bills to pay staff wages, rent and other outgoings - and we know how saturated the creative industry is. Cash flow is so crucial for small businesses across many industries, but with an agency, you need the buffer cash can provide you with to keep your agency afloat. There will always be a client who pays late or a client you have to chase each month repeatedly. Whether you’re a design, marketing or advertising agency, you’ll be no stranger to late payments. ![]()
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