In very simple terms, invoice discounting allows you to receive up to 90% of the money you’re owed within 24 hours of submitting an invoice. We advance monies against invoices without your customer knowing.
Who is invoice discounting for?
Invoice discounting is mostly aimed at larger businesses (typically above £2m annual turnover). You must have well-established systems and procedures in credit control and sales ledger management.
So why use invoice discounting?
Many businesses like the anonymity offered by invoice discounting. With invoice discounting, your customers need never know that you’re using our services. This is particularly important if you have good, solid, long-lasting relationships with your customers: it’s not that you have a problem getting the cash from your customers; it’s just that you need it now, and not in 30, 60, or 90 days.
Why invoice discounting could work for you
Invoice discounting is an excellent way to give your business a vital cash injection. You’re effectively borrowing your own money – it’s just that you haven’t had that money paid to you yet. Invoice discounting is ideal if you’re eager to expand your business, but need a little help with the funds required to get you there. We will work with you to ensure the service is simple to operate alongside your existing systems.
Security may be required. Product fees may apply.