FINANCE & GRANTS FOR EXPORTERS

Title FINANCE & GRANTS FOR

EXPORTERS

How Invoice Finance can help Irish SMEs when Exporting

Accelerated Payments provides working capital to SMEs by accelerating payment on their outstanding invoices. Based in Dublin with offices in London and Toronto, AP, through its innovative selective invoicing platform, supports a variety of Irish SMEs who face particular cash flow hurdles. AP puts the SME in control. The SME can choose which invoices they wish to finance, and when to finance, with cash available in as little as 24 hours for approval. There is no requirement for personal guarantees, long term contracts or onerous paperwork. Operating across multiple geographies and jurisdictions, Accelerated Payments supports Irish SMEs that export their products overseas and has funded half a billion euros in invoices to date. Are you an Irish SME looking to export your products, or did you recently get offered a new overseas contract but cash flow challenges prevent you from capturing the opportunity? Export Finance might help you. At Accelerated Payments, we provide a product tailored to suit the financial demands of individual companies with overseas customers. A simple, costeffective way to fund your reach into new geographical markets, including the US. What we offer to help your export ambitions: • Immediate release of 80% of invoice value while you wait for your customer to pay • Bad debt protection so you’re covered for at least 90% of the invoice value if your customer defaults • No restriction on the level of foreign sales – you choose which invoices to fund and when • Fast decisions, fast funding, and a simple online process • Multiple currencies covered Client Case Study One of our clients, Kinahan’s Irish Whiskey doubled the number of global distributors it works with through the help of our Export Finance product. Zak Oganian, owner of Kinahan’s Irish Whiskey, required a financing partner who could provide liquidity to help meet the unique needs of the spirits business: Kinahan’s customers include retailers and importers in 25 countries. “If you dig deep, the fact that 60 to 90 days credit is standard in our industry is easy to understand, because of what our customers face on their end. We knew we wanted an invoicing finance partner, and only Accelerated Payments offered everything: fees at the right level, no hidden costs, and exceptional flexibility.”

Coming up to Christmas, Zak notes that having AP as a financing partner is key to meet peak seasonal demand. “With AP we can produce more and faster – every Christmas we see bigger product volumes, and every penny matters. We have doubled production and revenue each year, we’ve doubled our headcount, and we’re serving twice the number of global distributors.” Benefits for Kinahan’s: • Gives the company a way to leverage the value of its appreciating asset –whiskey – to access cost-effective export finance • It receives a more personal service and a more flexible financial utility than is available from a bank • Provides working capital to let

Kinahan’s meet seasonal demand and the credit needs of global customers If, like Kinahan’s, you are looking to export but need the working capital to do so, please get in touch. Our team is here to help your business and back your export ambitions. Simply visit our website at acceleratedpayments.com/contact and fill out our contact form, or give us a call on +353 1554 3940.