INVOICE DISCOUNTING & INVOICE FINANCE - WHAT IS IT?
Invoice discounting is an ideal funding solution for profitable businesses that supply goods or services to business customers on standard trade credit terms. It is a form of invoice finance that is a line of credit secured by outstanding accounts receivable. With a typical invoice discounting solution, the sales, accounting and collection activities continue to be carried out by the client.
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HOW IT WORKS
UPLOAD INVOICE
You invoice your client directly, and upload whole sales ledger to us.
24 HOUR APPROVAL
We will pay up to 80% of the value of approved invoices, less our fees.
CASH ADVANCEMENT
The remaining 20% becomes available to you when the invoice is paid in full.WHAT ARE THE BENEFITS?
It is a powerful standalone business finance facility, which helps because:
- No requirement for real estate security
- Like all invoice finance facilities, limits grow in line with business revenues, so there is no requirement for regular re-negotiation during period of expansion
- Usually a confidential agreement, accounts receivable department remains in-house
WHO IS IT FOR?
Invoice discounting is a form of invoice finance that is generally suited to SMEs that already have an in-house accounts receivables team. Businesses which qualify for invoice discounting will have a dedicated internal accounts department and a demonstrated ability to perform the full range of collections activities including calls, reminder letters and issuing monthly statements.
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