asset management strategy
So what's banking's view on invoice financing as a way of boosting cash flow? Ross McFarlane, director - UK sales and client relations at RBS Invoice Finance looks at how working capital can be helped with alternative invoice systems and financing.
In a series of stories over the next few weeks, Finance Week will draw together articles giving advice and recommendations on what you should consider when running a fleet or simply paying your employees' mileage.
New research by the ABFA (Asset Based Finance Association), shows that more companies are using asset based finance to enhance their working capital. Borrowing money against outstanding invoices, premises, machinery, fleet and even a brand can aid businesses. Kate Sharp, chief executive of the ABFA, talks about the growth of the industry, how it has opened the doors for firms to trade internationally and how it is helping to maintain a consistent cash flow in an otherwise turbulent time.
As banks become positively Scrooge-like in their lending policies, companies are becoming increasingly conscious of better managing their working capital. Even so, fleet transport in one form or another may be critical to business. Here John Lewis runs through the forms of financing available and their tax implications.
The last Budget introduced some of the biggest changes to company car taxation in over a decade, says John Lewis, director general of the British Vehicle Rental and Leasing Association.
There are concerns over the new capital allowance tax rules on parts of the plant and machinery interpretations. Rebecca Bennyworth looks at what accountants might have to deal with in larger firms down to AIA issues for smaller businesses.
New figures show that British businesses are suffering from a scarcity of cash while another survey shows that private equity activity is also reducing. Investment priorities remain with technology and training, writes Gerry O'Kane.
When times are tough recognising the hidden value in intangible assets becomes attractive. Here Stuart Whitwell of Intangible Business outlines how companies can unlock value and maximise lending. He also gives the case study of Burns Stewart Distillery.
Stuart Whitwell of Intangible Business outlines how Burns Stewart Distillery enhanced lending requirements by recognising the hidden value in of its intangible assets.
Corporate finance executives have been asking where's the benefit of the single European payment area, SEPA? Moti Porath of Fundtech argues that now is the time for those directors to reinvent their financial supply chain. Building on the electronic payment and invoicing services around SEPA standards will capitalise on existing investments and attract new business.