FAQs
- How does IDeal work?
- Is it secure?
- Will IDeal affect the amount of funding I receive?
- Will it create extra work for me?
- Is the system paperless?
- Will IDeal be able to integrate with my accounting software?
- Will I need technical knowledge to set IDeal up and how long will it take?
- Does anyone else offer the same kind of invoice discounting product as IDeal?
- Will I still have to undertake a manual reconciliation?
How does IDeal work?
IDeal is the ultimate invoice finance product, designed to maximise funding and save you time. It uses software that integrates directly with your existing accounting software to extract your outstanding sales invoices and pass them securely to Close Invoice Finance. You can then use the secure electronic link to request funding against your invoices. The service is simple-to-use, paperless and unique to Close Invoice Finance.
Is it secure?
Yes, the system uses data encryption, password control and the latest security measures to protect your information.
Will IDeal affect the amount of funding I receive?
Yes, our clients benefit from, on average, up to 15% more funding than they would receive from other providers.
Will it create extra work for me?
No, the extraction of your invoices runs in the background whilst you get on with running your business. All you have to do is tell us how much cash you want to draw against your invoices.
Is the system paperless?
Yes, all reports are available electronically and there is no requirement for you to send in paper copies of your invoices.
Will IDeal be able to integrate with my accounting software?
Yes, IDeal will integrate with all major accounting software systems and you can use your existing computer equipment. All you need is a connection to the Internet.
Will I need technical knowledge to set IDeal up and how long will it take?
We provide comprehensive guidance and will talk you through the installation of the IDeal software, step-by-step with full support. It is a one-off process that takes about 15 minutes.
Does anyone else offer the same kind of invoice discounting product as IDeal?
No IDeal is a totally unique, bespoke solution developed in-house by experts at Close Invoice Finance specifically to address the issues raised by our Clients. Whilst other providers may have developed an extractor that is similar to ours, it is not employed in the same way, to achieve the same product benefits, as IDeal. At the time of going to press Ideal has remained unrivalled in the marketplace for over 18 months.
Will I still have to undertake a manual reconciliation?
No, IDeal automatically reconciles on a daily basis so there is no need for you to undertake any manual reconciliation, greatly enhancing the time, effort and cost efficiencies of your business.