Keys Finance have been supporting accountancy practices and law firms across the UK and Ireland with Next-Day Professional Fee Finance since 2006 and are proud to be a longstanding partner of CharterGroup.  We are also the only trusted member rewards partner of ICAEW to provide Fee Plan type client payment solutions.

Did you know, from 1 April 2022, suppliers bidding for Central Government contracts, worth more than £5m per annum, will be required to pay at least 90% of their invoices to suppliers within 60 days, or risk being excluded from the procurement?

Electrical Contractors’ Association chief executive, Steve Bratt welcomed the change when it was announced last year, saying prompt payment was “critical” to maintaining healthy supply chains.

As light is cast on overdue invoices and the knock-on effect hits business performance and cash flow, it has become even more crucial for firms to look for solutions on how to get their invoices paid on time. and to pay their invoices on time.

Keys Finance are here to support you by providing Next-Day Professional Fee Finance, ensuring your fees are paid the next day, whilst simultaneously reducing debtor days, and making the collection of fees easier than ever.

How it works

  • Contact one of our finance experts to discuss your individual requirements.
  • When you are happy to proceed, we will create you a profile on our web portal and send you secure login details for you to access. From there you can propose client fees, client information and details of the fee, which all takes a matter of minutes to do.
  • Your client will receive by email a unique pin and link for them to sign the credit agreement digitally
  • Once signed, your practice will receive its fee in full the Next-Day (subject to client signing by 1pm). Why wait 10 days or more in this day and age?

It really is that simple. If you would be interested to find out more, take a look at NextDayFees.co.uk or contact us on 028 9066 0791.

#EasyWithKeys

 

References:

https://www.constructionnews.co.uk/legal/the-6-law-changes-contractors-must-know-about-this-month-01-04-2022/

https://www.icaew.com/insights/viewpoints-on-the-news/2022/mar-2022/liz-barclay-assesses-late-payment-issues-ahead-of-rule-change