invoice discounting

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.


invoice discounting

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
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Features and Benefits of Invoice Discounting

Features:

  • 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

Benefits:

  • 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

invoice discounting

We help our clients by being discrete

If you do not want your customers to know how you’re funded or if you have reliable collection practices in place and would prefer to keep your payment collection function in-house, we can offer confidential Invoice Discounting.

This means we do not tell your customers that you are using an Invoice Discounting facility and you maintain the relationship with your customers, without their knowledge of our involvement. It is always our intention to act in your best interest. When it comes to your customers paying their invoices, to keep the process confidential even though the funds are paid to us, they make payment into a trust bank account in your name.

How Invoice Discounting works

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Invoice your customers

Send your invoice to your customers and confirm to us the balance of your outstanding accounts receivable

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We advance up to 90% of the value of your invoice

Within 24hrs, allowing you to pay your staff, suppliers and take on new orders

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You collect your invoices as usual

Allowing you to maintain the relationship with your customers

payment

We pay you any remaining balances

Minus any agreed fees


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Talk to a member of our team today on (866) 502 4229

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