Death by a thousand invoices – an invoice finance story

Why growth hurts so many invoice finance businesses

Growing an invoice finance business is not easy. In fact, sometimes growth can hurt a lender’s long-term prospects. Taking on new clients, increasing lending and processing more debt requires invoice finance lenders to strike a balance between service, risk and costs. This is not easy because:

• Delivering great customer service at scale stretches resources and drives up costs
• Stringent verifications to mitigate risk can increase time-to-cash
• Keeping costs down to remain competitive can hamper efficiency

This Slideshare, Death by a thousand invoices, digs into challenges of growing an invoice finance operation and how Intelligent Automation can tackle these by enabling lenders to:

• Deliver better service at lower costs
• Improve risk visibility without slowing processes
• Scale revenue without scaling technical debt
• Find a better way to grow on existing IT systems