Forecasting while using asset based lending
If you use Asset Based Finance, such as invoice discounting or factoring, as a key part of your financing it can be hard to forecast whether you have adequate facilities. The amount you can borrow varies every day as you raise invoices and credit notes.
If your pattern of invoicing is weighted towards the end of the month you need to take particular care in forecasting as many large payments such as salaries, PAYE/NI or rent are made before the last few days of the month. For this reason a forecast with, at least, a weekly level of detail is preferable.
| Snap shot | Cash detail | Invoice Discounting / (factoring) | Software from | Set-up |
|---|
| Sage50 Forecasting | Monthly (or weekly mode) | variable % advance, flat cap | £700 | £700 |
| foreCASH | Monthly, weekly and daily drill down | variable % advance, variable cap, multiple facilities | from £35 pcm or £495 | £40 pcm or £950 |
| Excel | User defined | - | - | From £1,650 (£600/day) |
Contact us to discuss your requirements
Consider foreCASH or Excel (where tightly controlled and developed). If you are comfortable working to a monthly level of detail you may also consider S50 Forecasting.
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