What is Factoring and Invoice Discounting?

An unpaid invoice your business has issued has value. It’s a debt your customer has agreed to pay to you in the near future. At any one time you’ll have a number of unpaid invoices on your sales ledger. This means your sales ledger has value. So factoring companies will buy or advance the value of your outstanding sales ledger for a fee, often within 24 hours, rather than you waiting 30, 60, 90 days or longer for payment on the product or service you’ve already delivered.

Invoice Discounting

A variation of Invoice Factoring is Invoice Discounting which means you retain the credit control function and management of your sales ledger. A confidential facility can be offered so that the arrangement remains confidential between your business and the finance provider and you are responsible for the maintenance of the sales ledger.

KEY BENEFITS of Invoice Discounting and Invoice Factoring

• Allows you to unlock funds tied up in your outstanding sales ledger. You notify us of each invoice and we’ll advance you up to 90% within 24 hours
• Complete credit control service where we chase your customers, send your statements and collect payment.
• We don’t just collect your outstanding invoices faster (saving you money), We do it in a truly professional manner that protects the relationships you have with your customers.
• Alleviate administrative pressure, leaving you free to concentrate on running your business. One of the best credit control and collection services in the industry.
• Make your financial forecasts confident in the knowledge they’re not dependent on uncertain payment dates.
• On-line administration of your account.

For more information complete our short form, and our invoice finance team will be in-touch.