Manufacturers
The request was simple: ‘provide a facility with flexibility at a competitive cost’.
This is a common request from businesses who actively manage their working capital. This particular company was developing a new product line to expand the business and take advantage of a new opportunity. They had used most of their working capital to finance the development and required an ongoing factoring facility to keep their business cashflow positive. In addition they didn’t need to factor all invoices as their cashflow could be managed effectively by only factoring a few invoices over the period of 6 months.
Tandem were able to provide a single invoice facility without any monthly administration charges. This allowed the business to factor an invoice as and when required to support their cashflow needs and helped them keep costs to a minimum because they were not tied into a long-term contract with ongoing fees.
This degree of flexibility enabled the company to continue trading strongly in a growing market and at the same time they were able to complete development of the new product. All this with complete control over cashflow and costs.
