Let’s fix cashflow, together.
11% of SMEs struggling with overdue invoices are forced to employ someone to chase up payments
Hydr was launched in June ’21 to offer an invoice finance proposition designed specifically for our SME community that is straightforward, digital, transparent and, above all, fair.
Recognising that whole turnover agreements are not always appropriate on the one hand, and that a client may want more than spot factoring on the other, we have developed Selective Debtor Finance, the proposition that gives your clients the ability to choose the debtors on their ledger they would like funded. Subject to underwriting, that is exactly what we do.
“Technology in finance started as something that was an enabler for lenders to scale without the need for headcount, but with Hydr, I have been incredibly impressed with how they have used technology and innovation to improve the client journey, as opposed to saving money! I’d encourage business owners to explore what a valuable partner that Hydr could be for their businesses.”
We go further than our competitors
There are many ways cloud-based accounting software can benefit SMEs, and one of them is providing real-time, accurate data.
- Signup and account management is completely digital (with signup taking around 30 minutes)
- We are the first to automate reconciliation for clients using Xero (we are also a Connected App)
- We fund 100% of the value of invoices for fees that are fixed and fairly priced
- The customer receives the balance of the invoice value minus our fixed fee in as little as 24 hours from raising it
- Fixed means just that – we do not change our fees, even if the debtor is a little late in making payment
- We integrate with Xero, Quickbooks, FreeAgent and Sage Business Cloud
- We are a disclosed product, managing credit control of the funded debtors on your clients’ behalf
- We do not take a charge or directors’ guarantee
I can’t thank Hydr enough – we raise our invoices and within 24 hours we get our payments, which enable us to build our business.
Automated reconciliation with Xero
Although we are now compatible with the major cloud accounting software packages on the market, our relationship with Xero accounting software, the global small business platform, is one of our most valued partnerships. Our platform was developed with Xero, and Xero was our launch partner. By linking your accounting software to the Hydr platform, we can fund your clients invoices in as little as 24 hours. Not only that, but we have built a class-leading, seamless integration from the moment you raise an invoice to reconciliation.
What would you do if your payment terms were tomorrow?