What Is Invoice Discounting?
Invoice discounting is very similar to invoice factoring however with discounting you remain responsible for your own back office & credit control processes. As with factoring, you will receive a percentage of your invoice value immediately (usually up to 90%). Once the invoice is settled, you will receive the remaining percentage from the funder. The main benefit of invoice discounting is that it is completely confidential.
Benefits of Invoice Discounting Include:
- Instant cash flow
- You are in control of your own back office processes
- Confidential, as you clients deal only with you
- Usually cheaper than invoice factoring