Invoice Discounting
Invoice Discounting converts your unpaid invoices into cash immediately. Whilst leaving your credit control in house. You also have the option to insure your debts to protect your business.
How it works
Invoice your client on your own stationery and then present the Discounter with a copy for payment. You receive up to 90% of the value of the invoice straight away. Your own credit control secures payment from your client, payment is made to your client account with the Discounter, who pays you the balance less the agreed service fee and discount charge.
Benefit
- Improved cashflow immediate funds
- It's confidential – your customers will never know
- Up to 90% of invoice value available
- Optional Bad Debt Protection to minimise the risk against failing customers
- Cleared funds with you in 24 hrs
- You retain the credit control responsibilities
- 24/7 accessibility to your account, with online administration
Invoice Discounting works well if:
- You are a business to business company in the UK
- You have an annual turnover above £500,000
- You issue invoices with trade credit terms from 14 to 90 days
- You have an robust credit control function
Case Studies
A manufacturer approached us when their bank decided they had to reduce their overdraft facility. We successfully arranged a £2m confidential invoice discounting facility to clear their overdraft and reduce their finance costs, and give them confidence that cash was available to fund the increased sales as they pulled out of the recession.
