What is Invoice Discounting?
Invoice Discounting (ID) is a quick and easy way to get cash that is tied in your outstanding invoices while you maintain the full accounts receivable management process (i.e. collecting payments from customers, cash allocation, etc.) Your funder makes available an agreed upon value of your accounts receivables and availability can be adjusted daily, weekly or monthly depending on your business's requirements.
ID can be more cost effective than a loan because you only pay for the funds you need, not for the full amount made available to you. This makes ID a flexible funding solution as you only use the funds you require and the funding line can grow as your business's sales grow.
Is your business suitable for Invoice Discounting?
Your business could be suitable to use Invoice Discounting if:
◩ Your company provides goods and/or services to other commercial businesses
◩ Invoicing is done in arrears and payment terms are up to 120 days of invoice date
◩ You have strong reporting and accounting systems and processes
◩ You have been financially viable for a minimum of 6 months
◩ Prefer to manage your accounts receivable management
Features and Benefits of Invoice Discounting
◩ Release up to 90% of invoice value within 24 hours
◩ Get cash against the value of your invoices as they are raised
◩ Continue to liaise with your customers for payment
◩ Confidential process
◩ Manage your account 24/7 with our Client Online service
◩ Optional Bad Debt Protection
◩ Speed: fast and flexible source of funding which grows in line with sales
◩ Control: you keep the relationship with your customer by managing your own credit control and sales ledger
◩ Convenience: you can check your available funding at any time with our 24/7 online service
◩ Personal: we tailor our services based on your business's requirements
◩ Security: you have the option to protect against customer insolvency with Bad Debt Protection
◩ Confidentiality: our confidential service means we do not notify your customers you are using our service
Providing a service that is exceptional in every way
Direct and reliable access to your Investment Manager ensures that your objectives and requirements are continuously at the forefront of our mind. This is because your satifsfaction as our valued client is our pleasure and priority.
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