Every Tuesday morning, you sit down with your list of tasks and see that John, a staffing agency owner, is looking for invoice finance. You know he needs quick cash flow to cover payroll this week. You also know that if you refer him to a finance provider, you’ll lose both the fee and the client relationship. John will go directly to the funder for future needs, and you’ll be out of the loop.
You start by gathering John’s financial details, hoping to find a suitable finance option. You spend hours sifting through his invoices, debtor books, and financial statements. You then reach out to various finance providers, explaining John’s situation and asking for indicative figures. Each provider takes days to respond, and by the time you have a few quotes, John is already frustrated with the delay. He might even have found another broker who could offer him a quicker solution.
Even if you manage to secure a good deal, the process is cumbersome and time-consuming. You’re left wondering if there’s a better way to handle these referrals without losing control of the client relationship and the associated fees.
To solve this problem, you need a system that allows you to quote invoice finance options quickly and accurately, keeping you in control of the client relationship. The ATTOH Receivables Finance Platform is designed to do just that. It integrates various components to streamline the invoice finance process.
First, the system includes an AI model router that directs queries to the appropriate financial models based on the client’s needs. This ensures that John’s request is handled by the right algorithms from the start. Authentication processes ensure that only authorized users can access the system, maintaining security and compliance.
The platform includes a regulated banking rail for Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) checks. This component verifies John’s identity and business legitimacy, ensuring that all regulatory requirements are met. The bond counterparty credit and sanctions gate further ensures that John’s business is not involved in any financial sanctions or high-risk activities.
For John’s staffing agency, the recruitment factoring module is activated, while for other clients with whole debtor books, the receivables finance platform is used. These modules score John’s company using live Companies House data, assessing his debt service coverage ratio (DSCR) and other financial health indicators.
The platform also includes a client dashboard where John can log in and see the status of his finance application in real-time. This transparency keeps John informed and engaged, reducing the likelihood of him seeking alternative solutions. The client engine generates a white-label site for John, making the process feel personalized and professional.
A compliance monitor continuously checks that all activities within the platform adhere to regulatory standards. This component ensures that you are always operating within the law, protecting both you and your clients. The covenant engine scores any UK company using Companies House data, providing a quick and accurate assessment of John’s financial health.
The credit builder helps John improve his creditworthiness over time, making future finance applications smoother. In case of defaults, the debt recovery component steps in to handle collections efficiently. The document generation engine creates all necessary legal and financial documents, ensuring that everything is in order.
The finance director component acts as an advisory tool, providing insights and recommendations based on John’s financial data. The instant company intelligence widget and instant company report engine offer real-time insights into John’s business health, helping you make informed decisions.
The get paid operating system board provides a secure, anonymous surface for John to manage his payments and receivables. The capture-surface registry and per-surface funnel scorecard track John’s progress through the finance application process, ensuring that nothing falls through the cracks.
With the ATTOH Receivables Finance Platform, you can quote invoice finance options to John while he is still on the phone. This speed and efficiency keep John engaged and reduce the likelihood of him seeking alternative solutions. You remain in control of the client relationship and the associated fees, ensuring that you retain both.
You now have real-time insights into John’s financial health, allowing you to provide better advice and support. The platform’s compliance and regulatory checks ensure that you are always operating within the law, protecting both you and your clients. The debt recovery component handles collections efficiently, reducing the risk of defaults.
Most importantly, you no longer spend hours gathering financial details and waiting for quotes from various finance providers. The platform streamlines the process, saving you time and effort. You can focus on what you do best—providing valuable financial advice and support to your clients.
Check your client's Companies House filings against their invoices to see how closely their cash flow matches their books.