Barclays Sales Financing

Print_Doctor

Looking for info on companies that use factoring or invoice discounting with Barclays. We use them but they dont seem very switched on and are only interested in visiting us when there is a problem. Customer service is poor and they keep trying to change the goal posts as far as the fees are concerned. My clients are not aware we use invoice discounting and would be nervous if they found out - any thoughts?

steve1980

Why do you use it? I looked into it but didn't bother. Unless you are absolutely rushed off your feet then there is no reason to pay another company to do your invoicing.

Easiest way to do it is to set up a master invoice for each client you have and then change the contents accordingly.

You could probably even hire someone to do it which would work out cheaper.

paddyrg

steve1980 wrote: »

Why do you use it? I looked into it but didn't bother. Unless you are absolutely rushed off your feet then there is no reason to pay another company to do your invoicing.

Easiest way to do it is to set up a master invoice for each client you have and then change the contents accordingly.

You could probably even hire someone to do it which would work out cheaper.

It's a cashflow thing - OP gets the cash upfront but pays handsomely for it.