The financing products offered by Oxford Funding Innovative Solutions would fall in the categories of debtor finance solutions; purchase order finance and credit check facility.
A few innovative schemes are enumerated below.
The ‘Invoice Xcelerator’ or ‘cash without clawback’ facility offered by Oxford Funding Innovative Solutions is a financial solution to clients’ working capital needs, as well as trade credit insurance against accounts receivable. Here, Oxford Funding Innovative Solutions assumes the risk in case of non payment by the client’s buyer. With the increased volume of funds available in this manner, the client’s productivity and profitability would increase.
‘Purchase Order Finance’ is used to finance purchase of raw material used in the manufacture of the clients’ products. Some suppliers require payment upfront, on discounted price sales of raw material. This product from Oxford Funding Innovative Solutions helps SME clients take advantage of such offers.
The ‘Credit Check Facility’ is a complete debtor administration service. Oxford Funding Innovative Solutions provides a ‘credit check service’ to all the customers of its clients, who avail the ‘Credit Check Facility’. However, this is done after a background check is done and Dunn & Bradstreet or similar report on the particular client’s customers is received.