IDeal is an evolutionary on-line invoice discounting system, specially developed by Close Invoice Finance. IDeal uses the very latest in technology to help improve your cash flow management, generating significant time and cost-saving efficiencies while boosting funding availability by up to 15%.
Compatible with almost all accounting software packages, IDeal uses up-to-the-minute technology to lift sales ledger information directly from your accounting system and reconcile your sales ledger automatically, every day. It turns unpaid invoices into cash, so you can draw down capital as and when you need it, in line with your business growth.
IDeal integrates seamlessly with your accounting software, eliminating paperwork and transforming the cash flow management process. The files are transferred electronically to Close Invoice Finance with one easy click of the mouse, completely removing the need for labour-intensive month-end reconciliations and double-keying of invoices, saving
you time, effort and money.
IDeal is secure and confidential, so there's no need for your customers to know you have our funding arrangements in place.
Releases up to 15% more funding than traditional facilities
Eliminates paperwork – no need for laborious month-end reconciliations
Integrates with almost all accounting packages
Quick and easy installation process
Full after-sales support and service
100% of clients surveyed would recommend IDeal (Improvia 2008)
Suitability
Traditionally, invoice discounting has only been made available to businesses that satisfy quite strict credit criteria. Depending on the providers' approach to risk, many smaller, newer companies will typically be offered factoring as the most
suitable funding facility. But the greater transparency offered by IDeal, which operates
a real-time exchange of payment and cashflow, affords a more relaxed stance towards risk.
IDeal is therefore available to any business using an electronic accounting software package and having UK sales of at least £200k per year, which is selling goods or services on normal credit terms.
Our Charges
Our charges fall into two main categories:
A monthly administration fee, which will be set according to the turnover of your business.
A discount charge calculated against funds drawn at a rate comparable to, and often better than, your existing overdraft.
