Professionals Laughing In A Meeting

How Novuna Business Cash Flow Transformed Credit Control for Jam Entertainment

Jam Entertainment is a well-established entertainment company based in Leeds, offering high quality event solutions for over a decade. Today, Jam Entertainment manages all aspects of event planning, providing a seamless, end-to-end experience for clients.

Boost Your Cash Flow with Invoice Finance

Novuna compares all invoice financing products to make sure you get the right product depending on what's best for your business

Get a quote online or call us on 0808 250 0859 to speak to one of our invoice financing experts

Boost your cash flow 

Woman looking at the Novuna finance calculator while online shopping

The Challenge: Managing Cash Flow in a Seasonal Industry

Like many businesses in the entertainment sector, Jam Entertainment faces seasonal fluctuations with December being an especially high-demand period. A significant challenge they encountered was the extended payment terms demanded by their clients, often up to 60 days. This delay created cash flow pressure, particularly when it came to paying the performers and suppliers they work with. Without immediate access to funds, maintaining operations and competitiveness became increasingly difficult.

The Solution: Invoice Factoring with Novuna Business Cash Flow (NBCF)

Since August 2022, Jam Entertainment has been using Novuna Business Cash Flow’s invoice factoring service to bridge the gap between invoicing and payment. This solution enables them to access funds quickly rather than waiting for clients to settle their invoices. Invoice factoring has been instrumental in helping them pay their acts promptly, giving them a competitive edge in attracting top-tier talent who prefer working with businesses that offer fast payments.

Male Accountant Working From Kitchen

Key Benefits of Novuna’s Invoice Factoring Service

Improved cash flow management – By unlocking funds tied up in unpaid invoices, Jam
Entertainment ensures timely payment to staff and suppliers, preventing cash flow
disruptions.


Cost-effective alternative to hiring a credit controller – Instead of employing an in-house
credit controller, invoice factoring provides a more affordable and efficient way to manage
outstanding payments.


Enhanced credit control support – The dedicated support from Novuna’s credit control
specialist, has been invaluable. Acting as an extension of Jam Entertainment’s own business,
monitoring payments, liaising with clients, and ensuring that all outstanding invoices are
managed effectively.


Stronger business relationships – By handling credit control on behalf of Jam Entertainment,
Novuna enables the company to maintain positive client relationships without the strain of
chasing payments.


Competitive advantage – Being able to pay acts and suppliers promptly makes Jam
Entertainment a preferred partner, ensuring they can continue to attract top-tier talent.

 

Why Jam Entertainment chose Novuna Business Cash Flow

Initially, Jam Entertainment approached their bank, for financial support but did not receive a
favorable response. Following a recommendation from their accountant, they turned to Novuna
Business Cash Flow, where they found not only a funding solution but also an exceptional level of
service and support.

Invoice Finance Can Help Boost Your Businesses Cash Flow

Contact our friendly UK advisors on our freephone number below or get a quote online

0808 250 0859

8:45 - 17:15 - Monday to Thursday &
8:45 - 16:45 - Friday

The Unexpected Value of Credit Control Support

Beyond the financial benefits, the hands-on credit control support provided by Novuna has been a
game-changer. With expert guidance, Jam Entertainment has been able to navigate payment
collection challenges effortlessly. Having someone dedicated to tracking outstanding invoices,
liaising with clients, and providing strategic advice has made a profound difference. The company’s
director acknowledges that without this level of support, they would struggle to manage this aspect
of their business effectively.

Conclusion

For Jam Entertainment, invoice factoring through Novuna Business Cash Flow has been more than just a financial service - it has become a crucial operational tool.

By ensuring steady cash flow, reducing administrative burdens, and providing expert credit control support, Novuna has empowered Jam Entertainment to focus on what they do best: delivering exceptional events for their clients. As they continue to grow, the partnership with Novuna remains a vital part of their business strategy, proving that invoice factoring is not just about funding - it’s about enabling success. 

Related Case Studies

We compare a range of invoice financing options to get you the right product and the best deal.

Complete the form below to get a quote.

Associate Membership Logo 1