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Invoice Discounting:
A flexible arrangement which releases valuable cash from your Sales Ledger. For well established profitable Companies who have their own efficient credit control department.
Benefits:
- Generates cash which greatly improves Cashflow
- As you are still collecting your own invoices the service is totally confidential
Normal Procedure:
- Your Company raises an invoice as usual
- You send a daily sales listing to the discounter
- Discounter pays an agreed %
- You send a daily sales listing to the discounter
- You receive payment and bank the cash in a trustee account
- Discounter returns the remaining balance less agreed charge
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Factoring:
A flexible arrangement which releases valuable cash from your Sales Ledger and reduces admin time and costs.
Benefits:
- Generates cash which greatly improves Cashflow
- Independent Sales Ledger Collection Service
- Enable a Company to concentrate on New Business with the knowledge the invoices will be effectively collected and Managed
Normal Procedure:
- You raise a Sales Invoice with a copy to the factoring Company
- Factoring Company advances an agreed % of invoice total
- Factoring Company collects cash
- Factoring Company pays the balance less agreed charges
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