Invoice discounting can take a number of forms, with the main choices being confidential invoice discounting (CID), disclosed invoice discounting (DID), and selective invoice discounting. Each has its own merits and drawbacks depending on your business activities.
The benefits of invoice discounting are clear for businesses, especially those that are either new or growing at a fast pace. It provides you with up to 95% of your outstanding invoice total within a few days. These funds can be used to fund vital company activities or projects. There is also no limit on how much you can borrow, it really all depends on how many outstanding invoices you have available as part of your sales ledger.
Invoice discounting allows you to maintain control over your customer payments, and to manage credit protection from non-paying customers, with the funds being released to ensure you are not left in the lurch in the short-term. Best of all, you do not have to disclose an arrangement with an invoice discounting service to your clients, so your relationship with them remains the same at all times.
At First4Commercial we offer a range of financial services for commercial purposes. If you would like to find out more about invoice discounting, or any other of our services that can help your business to grow, contact us today on 01277 620 083 or email@example.com.]]>