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
- See how our automation solutions reduced annual risk exposure by £130M for an invoice finance division at one of the UK’s largest banks.
- Read our blog on Five better ways to spot invoice finance fraud with Intelligent automation.
- Learn about our intelligent automation driven solution for invoice financing.