Many businesses in the healthcare sector encounter significant cash flow challenges due to delayed client payments. Our new client, despite their dedication to supporting children and adults, struggled with such issues.
With four CCJs, maintaining consistent cash flow to pay staff on time was becoming increasingly challenging. They needed a reliable invoice finance financial partner who could provide swift and flexible support.
How we helped
The healthcare chose to switch to Apollo, where we understand the complexities of the healthcare industry. We offered a flexible and tailored solution to meet their specific needs and goals.
By partnering with Apollo Business Finance, the business could sell their invoices to us and receive a large portion of the value within 24 hours. This immediate access to funds dramatically improved their cash flow, enabling them to pay their staff on time while waiting 35 days for customer payments.
Additionally, we provided a dedicated account manager to handle their queries and keep them informed about their account. Our team also managed the credit control process and collection of invoices, saving them valuable time and effort.
The Result
Since transitioning to Apollo, our client has experienced significant improvements in their financial stability. With the £50,000 facility, they can now ensure timely payments to their staff, which has positively impacted their service delivery and overall business performance.
The client is extremely satisfied with Apollo’s service and appreciates our understanding of their industry and unique financial needs. They have found our support to be reliable and efficient, allowing them to focus on their core mission of providing exceptional care to children and adults.
If your business is facing similar challenges, contact us today to learn how we can help you achieve financial stability and growth.
