Invoice discounting definition:
Accounts receivable financing. Invoice finance. Confidential invoice discounting.
Whatever you decide to call it, easing your cash flow challenges and navigating the complex landscape of commercial finance can be extremely confusing. Here we've broken down the jargon and unpicked the financial terminology to provide you with a simple overview of one of the most rapidly growing alternative finance products in the UK. Here is invoice discounting explained in just one minute.
We're experienced in working with customers from a range of business sizes and industries and pride ourselves on our ability to deliver bespoke business finance solutions that drive business growth. If you're interested in learning more about how to deliver more working capital to your business, why not explore our client case studies?
Video transcript:
One of the fastest growing ways of financing businesses is invoice discounting. It’s very straightforward. We pay you up to 90% of the value of each invoice the instant you issue it. Once the invoice is settled, you get the balance less an agreed fee. This enables you to immediately boost cash flow and support your day to day business needs, such as purchasing stock or paying wages.
Our market leading technology IDeal can integrate with almost any accountancy software and works very simply and quickly. It automatically extracts a copy of your sales ledger in real time so all you need to do is log on to IDeal, click to transfer your up-to-date accounts data and access up to 90% of the invoice value immediately. And because it’s automated, we can offer up to 15% more funds than other providers, 24/7 worldwide access and with no reconciliation required, saving time and money.
Your dedicated relationship manager will work closely with you to understand your business and help make the most of your facility. It’s the smart way to fund your business.
