Cornmill Associates are now providing unique support to a small number of accountancy firms on the issue of Invoice Discounting. Basically we have technical knowledge and some tools which enable us to properly analyse and understand an invoice lenders deal and pricing. Combined with the excellent contacts we have in this area we can source new invoice discounting packages or compare the market for a client.
Accountants are often in the situation of wanting to help a client with this but it can be time consuming and needs expertise and knowledge of the market
We have now strengthened our relationship with three good local firms in this way; HJP Associates, Magma and Clarkson, Cleaver & Bowes. They have access to our resources which will help them add value to their clients who might be considering using invoice discounting, or want to understand the costs or how to make the best of this lending product to grow their business.
Crucially this is not just about ‘brokering’ invoice discounting or factoring. We work with integrity in making sure the product is right for the business and helping business owners make informed decisions about new or existing packages.