The cost of invoice discounting is comparable to that of a bank overdraft or a business loan.
Invoice discounting is typically provided on a confidential basis so your customers are unaware of the invoice finance company’s involvement. It allows you to continue to manage your own sales ledger and collect debts due. Along with the benefits listed above, of this are:
- Disclosed invoice discounting facilities cater for businesses wishing to retain control of their sales ledger management and to maintain close relationships with their customers
- Online invoice discounting solutions are available, which link to your accounting software. This is the biggest growth area in the Asset Based Lending industry at present