CashFlows CEO Nick Ogden said the company is pleased to be providing businesses with this fully integrated e-invoicing solution which is proving to be another valuable tool in improving a business’ cash flow.

"As the first financial services company to bring such a product to market, CashFlows is providing a unique service, further illustrating that CashFlows is atrue alternative to the high street banks. The top banking providers are still not offering innovative solutions to UK businesses and thisneeds to be addressed," Ogden said.

The latest offering can help business enterprises to improve their business cash flow by up to 70%, claims CashFlows.

The solution sends the invoices electronically to facilitate users to settle invoices by paying either over the phone, online using their credit or debit card, or by VoicePay, CashFlows’ biometric m-commerce payment solution, said the firm.

The CashFlows account is fully integrated into the VoicePay mobile wallet service which delivers guaranteed transactions.

The firm said that automating the invoicing process also lessens the chance of errors and decreases invoice settlement time, thus improving business cash flow.