Tandem Invoice Finance Ltd, often operating as simply Tandem, is a UK-based financial services provider specializing in invoice finance solutions. They focus on providing flexible and accessible funding options to small and medium-sized enterprises (SMEs) seeking to improve their cash flow.
Invoice finance, the core of Tandem’s offerings, allows businesses to unlock the capital tied up in their unpaid invoices. Instead of waiting the standard 30, 60, or even 90 days for customers to pay, businesses can receive a significant percentage of the invoice value upfront from Tandem. This immediate access to funds provides a vital lifeline for SMEs, enabling them to meet day-to-day operational expenses, invest in growth opportunities, and manage their cash flow more effectively.
Tandem differentiates itself through its tailored approach. They understand that each business has unique needs and circumstances, and avoid a one-size-fits-all solution. Their team works closely with clients to develop invoice finance packages that are specifically designed to address their individual cash flow challenges and growth aspirations. This personalized service includes understanding their industry, business model, and customer base.
The company offers a range of invoice finance products, typically including invoice factoring and invoice discounting. Invoice factoring involves Tandem taking over the credit control process, managing the collection of invoices on behalf of the client. This can be a valuable option for businesses that lack the internal resources or expertise to effectively manage their accounts receivable. Invoice discounting, on the other hand, allows businesses to retain control over their credit control function, with Tandem providing funding against the value of their invoices without directly engaging with their customers.
Beyond the core invoice finance products, Tandem often emphasizes its commitment to transparency and simplicity. They aim to provide clear and straightforward terms, avoiding hidden fees and complex contracts. This transparency builds trust and fosters long-term relationships with their clients. They utilize technology to streamline the application and funding process, making it easier for businesses to access the capital they need quickly and efficiently.
In the competitive invoice finance market, Tandem aims to stand out by providing not only financial solutions but also dedicated support and guidance. They see themselves as partners to their clients, working collaboratively to help them achieve their business goals. Their focus on building strong relationships, coupled with their tailored approach and transparent pricing, positions them as a valuable resource for SMEs seeking to optimize their cash flow and fuel their growth.