Financing and Futureproofing the Printing Industry

Invoice Finance for Printing Company Growth

Invoice finance for printing industries unlocks money tied up in unpaid invoices rather than waiting around for payments. It’s effectively a way for businesses to get paid faster for the work they’ve already done and contributes to business growth while scaling operations. Companies can raise funds against unpaid invoices, giving immediate access to cash flow without having to wait for customers to pay.

Managing finance for printing industry businesses can be difficult as they often need to make significant investments in machinery and technology; invoice finance offers the ideal solution to upgrade equipment, fulfil large orders and scale business solutions. Whether you’re managing print runs or fulfilling large orders, package financing through invoice finance allows you to fund jobs upfront while waiting for customer payments.

Benefits of Invoice Finance for Printing Industry

With invoice finance, you don’t have to wait weeks or months to get paid what you’re owed and can access most of the money tied up in invoices as soon as they’re issued. It keeps your business running smoothly so you can keep everything ticking over with a steady cash flow.

Quick access to funds:

No more waiting for late payments allows for a more consistent flow of money
Companies will be able to pay staff and bills on time, keeping employees happy and investing in materials and equipment for large orders.

Steady cash flow:

Businesses can plan for the future better with quicker access to the money they’re owed.
Printing companies can buy essential items like paper, ink and other materials without waiting for client payments.
This steady cash flow smooths out peaks and dips in income, especially if clients pay inconsistently.

Offer better deals to clients:

With invoice finance, companies can offer 30, 60 or even 90-day terms to clients without impacting the cash flow.
With more cash in hand, printing companies get a faster turnaround for repeat orders, hitting deadlines quicker.
As there’s no more waiting around for payments, businesses can afford to offer clients discounts on large printing orders.

Scalability of business operations:

When companies have access to cash funds immediately, they can accept large orders, knowing costs will be covered.
Preparation for upcoming jobs is easier, as the money can be used to buy printing equipment without causing delays in production.
Invoice finance supports business growth by giving the financial breathing room to expand by upgrading machinery or hiring more people.

Other Key Considerations

Before choosing invoice finance for the printing industry, you need to consider the costs to your business. Invoice finance isn’t without fees; this can come in the form of a percentage of the invoice value or a flat monthly rate. If you’re debating whether finance printing invoices is the right option, weigh up the costs of this service against the cash flow benefits to see if it’s worthwhile. These costs include interest, factor fees and potential penalties.

Printing companies should also consider the volume of invoices they’ll be receiving. Invoice finance may not be worth it if your printing company only handles occasional invoices or upfront payments. This could be a short-term solution to get your finances back on track or a long-term solution to scale your business.

You’ll also need to consider the customers you work with, as lenders base funding on how likely your customers are to pay. So, bear in mind that payment histories may be looked at during the consideration process.

Printing Company Finance Solutions

Here at Pathfinder, we offer various types of invoice finance that UK businesses can trust. Finance printing solutions like invoice discounting and factoring give companies greater control over cash flow and client management. Not sure where to start? Get in touch with our finance experts to find the ideal finance for printing industry solutions for your needs.

Invoice Finance

An invoice finance service gives printing companies immediate access to cash flow without waiting for payments. Late funds from customers are commonplace for many companies, especially when dealing with large orders or new clients.

Invoice Factoring

Invoice factoring is a full credit control service that manages payments on your behalf, with the arrangements disclosed to your customers. If your printing business lacks the time and resources to manage invoice admin, this could be the best option to help you access funds quickly thanks to a fast turnaround.

Invoice Discounting

On the other hand, invoice discounting is a more discreet, confidential service that doesn’t inform customers of these financial agreements. It’s better suited to companies with strong credit management systems in place who want to retain full control of ledger management and customer relationships.

Invoice Finance for Printing: Step by Step

Step 1: Submitting invoices

Once you’ve completed a printing or package financing job with a client, send your invoice as usual, with a copy to the finance provider. Depending on whether you choose invoice factoring or invoice discounting, your company’s involvement in this process will vary.

Step 2: Access funds

The time it takes to access your funds can differ depending on the type of finance printing job. A percentage of this full invoice value, up to 95%, is given to your business, usually within 48 hours. These funds can cover material or transport costs, staff salaries or other ad hoc expenses when an order is fulfilled.

Step 3: Payment collection

The remaining balance is released to your business once the customer pays the invoice in full. Keep in mind that fees, including interest, processing and account management costs, may be deducted.

Contact our Printing Finance Experts Today

Reduce financial stress and invest in invoice finance today to support your company’s expansion. Our printing finance experts help you reduce financial stress and maintain a consistent flow of money to future-proof your business – see how this has accelerated growth for our clients through our blog and case studies. Fill out the contact form below or book a call to let our helpful team take the hassle out of late payments.

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“We used the team at Pathfinder Invoice Finance to help us raise capital to purchase a business and provide ongoing working capital. Their knowledge of funders who support the construction industry was extremely helpful and their honest advice and support was and still is invaluable. They are always on hand to assist us if we need it. We would highly recommend Pathfinder to anyone looking for business finance and have already referred other clients to them.”
Josh Eiles-Clark, Group Managing Director, Wood Mace Ltd

“We were looking for a facility to support our growth plans post-pandemic. With large investments in inventory and machinery to support a ramp up, we needed to ensure we had access to funds to support all aspects of our supply chain and customer ambition. We wanted some independent advice and support to find the right facility for the business. The team at Pathfinder took the time to understand our business needs and infrastructure, resulting in providing us with exactly the right solution for the company, both from a financial and relationship perspective. I would highly recommend them for any business related finance advice.”
Peter, Managing Director, Engineering Business

“We found ourselves requiring a specific credit insurance and funding solution for one of our long-standing clients. They took the time to really understand what was required, analysed what was available across the whole market, and subsequently provided an excellent bolt-on solution to our existing finance partner’s services. This was all done in a relaxed and friendly manner with minimal red tape. Both the client and I are very happy with the solution they delivered. I would thoroughly recommend a chat with Pathfinder should you have any business finance related conundrums, no matter how big or small.”
Robert Bond, Managing Director, Bond Williams.