Invoice finance for professional services - is it right for you?

• Cash flow challenge: I provide services over months, but my clients often take weeks or months to pay, leaving me short on working capital.

• Perfect for: Professional service providers looking to unlock working capital tied up in unpaid invoices without taking on traditional debt.

Novuna helps professional service firms release funds tied up in unpaid invoices, either through our award winning in-house service or by comparing the market to find the best fit for your business.

We connect you with providers who understand the professional services sector, help you apply, and make sure you get the right deal to keep operations running smoothly.

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What is invoice financing?

Invoice financing is a way of releasing cash tied up in unpaid invoices. Instead of waiting for your clients to pay, you receive most of the invoice value upfront from a finance provider. The remaining balance(minus fees), is paid once your client settles their bill.

For professional service firms, this can mean greater financial stability and the ability to plan with confidence.

How it works for professional services

1. You issue invoices to your clients as normal.

2. You send the invoices to your finance provider.

3. They advance you a percentage of the invoice value - often within 24-48 hours.

4. When the client pays, the provider sends you the remaining balance minus their fee.

This approach gives you immediate access to funds without waiting out lengthy payment terms.

Benefits for professional service firms

• Maintain steady cash flow between billing cycles
• Invest in marketing, recruitment, or technology upgrades
• Cover operating costs without dipping into reserves
• Reduce reliance on overdrafts or short-term loans

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Choosing between invoice factoring and invoice discounting

• Invoice factoring – The provider manages credit control and collects payments on your behalf.
• Invoice discounting – You keep control of your sales ledger and client relationships, managing collections yourself.

Things to consider

• Fees vary depending on your turnover, invoice volume, and risk profile
• Some clients may notice if a third party manages payment collection
• Review the contract terms carefully before committing

Why choose Novuna for invoice financing

• Flexible solutions for professional service firms of all sizes
• Transparent fee structure
• Fast funding to keep your operations running smoothly