Chasing payments often seems like a time-consuming chore when you want to get on with running your business. Our Full Factoring service can produce significantly faster payments and save you time by removing the burden of managing your sales ledger.
Everything is agreed with you in advance, from the best way to approach your customers to the frequency of information sent to keep them informed of their account positions.
Transactions are processed and accounts are updated immediately, so you always have up-to-date information at your fingertips – in the Tele-ledger system.
Tele-ledger online system
The Invoice Finance package also includes the Tele-ledger online system, which is accessed via the Northern Bank website.
Tele-ledger provides a wealth of credit management information and allows you to view the balance on your Invoice Finance facility and transfer funds to your current account. So you are in full control of your working capital 24 hours a day, 7 days a week*
Credit protection
Our optional Credit Protection service, specially designed to complement the Invoice Finance package, offers peace of mind about receivables.
We simply identify a protected trading limit, taking into account your needs and your customers’ individual creditworthiness. As long as they are not disputed, invoices within the limit are insured, subject to an initial first loss.
What next?
If you’d like to find out more about how we can help your cash flow to run more efficiently, please contact your local business adviser.
Important Information
Please refer to our Disclaimer section to read important information about us and our website.
* This service may be temporarily unavailable during periods of routine maintenance.