Confidential invoice discounting can keep your cash flowing, so that you can react quickly to opportunities, without altering the way that you invoice your customers.
Confidential invoice discounting can free up, up to 90% of the value of your invoices as soon as they are issued, so that you are not relying on someone else’s cash flow patterns to run your business.
Why use confidential invoice discounting?
In today’s fast-paced business environment, it’s crucial that you have the cash at your disposal to snap up stock or act on marketing or advertising opportunities as soon as they crop up. But for many businesses, the cycle of issuing invoices and receiving payments can be slow, especially if your customers are having a quiet month themselves. Our confidential invoice discounting process relieves this pressure – you send us records of your invoices, we will assess your suitability for this service and if you match our criteria, and that of our lenders, up to 90% of the funds will be released to you, which you , along with our fees, after your customer has paid you.
A completely confidential financial arrangement
Many companies worry about the impact that this type of invoice finance has on customer relationships but confidential invoice discounting is – as you’d expect – completely confidential, so your clients will not be told that a third party is involved. Your sales ledger remains in your control; you issue the invoices, chase and collect payments so your client relations remain exactly as they were.
Confidential invoice discounting can be provided as a revolving facility so when a client pays one invoice, it will free up more credit to draw down as long as you continue to meet eligibility criteria for the credit line. To assess how much credit can be provided, a lender looks at your sales ledger across a full year, rather than individual invoices in isolation, to get a complete picture of your business and the ebbs and flows of its trade.
It’s estimated that over 70,000 businesses in the UK have a confidential invoice discounting facility in place to speed up the way their cash flows. It’s a financial arrangement that suits a range of industries from retail suppliers to manufacturers, and as long as you have meet lender turnover requirements, it’s a service that could really help you make the most of the opportunities that come your way.
Confidential invoice discounting is perfect if you want to free up the working capital tied up in your sales ledger, as quickly as possible. Some of the solutions we have provided include:
- Confidential invoice discounting for retailers
- Confidential invoice discounting for manufacturers