Improving cash flow is a constant challenge for any thriving business. Invoice Discounting is designed to help you balance the often competing needs to achieve growth and mitigate risk.
Instead of assets being tied up on a balance sheet, Invoice Discounting releases the cash in outstanding invoices. As the funding is directly linked to sales, you can gain access to a higher level of financial support as the sales ledger expands.
Typically 75-90% of the invoice value is available within 24 hours of it being raised. The rest of the balance, minus a small fee, is paid once the customer has settled the payment in full.
Unlike factoring, the sales ledger is managed by you, not the financier and the service can be provided on a confidential basis. This means that you maintain control of your client relationships while still receiving the benefit of improved cash flow and greater financial freedom.
To find out more, please contact our Account Management team.