Satago Helps UK-based Furniture Manufacturer Meet Increased Demand with Full Invoice Finance Solution 

As a furniture manufacturing business, based in the UK, this client was looking for a financing solution for several reasons. The nature of the manufacturing industry meant that this client was often stretched by unexpected cash flow gaps caused by late payments, a difficulty in unlocking cash to fund growth objectives and extended payment terms they needed in relation to the type of financing they used.  

In this case, the client was already familiar with Satago’s Invoice Finance as an option, having test-run the concept on a Single Invoice Finance basis with a single customer previously. The product worked well for them, because it was flexible and had a transparent, unrestrictive repayment structure.  

However, as they began to experience an increase of orders throughout 2023, there was a new challenge to find a longer-term solution with a wider scope. Therefore, they opted to switch to full-ledger funding, using Satago’s Full Invoice Finance product. Satago allowed them to make this switch seamlessly compared to other providers, which meant less headaches and administrative procedure to change their financing product.  

Satago’s Invoice Finance product suited their needs perfectly, with an easy integration process, faster approvals than traditional banking, zero reconciliation time thanks to real-time data processing and access to several more of Satago’s cash management tools for free, among other benefits.  

Now, the client can quickly fulfil their increased demand, and stop worrying about cash gaps that might arise in the future, along with a clear, extended repayment plan.    

If you’re interested in learning more about our Invoice Finance product, register your interest here and one of our team will be in touch.