What are the Benefits to my business of Invoice Discounting?
• An immediate cash flow injection coupled with a borrowing facility which rises automatically as your sales increase ensuing future growth is not restricted. Increasingly today invoice discounting is seen as the better alternative to a bank overdraft. It is much more flexible, does not require constant upward negotiation and is not normally re-payable on demand; a major worry for lots of businesses. • The service is completely confidential. • Better cash flow gives increased bargaining power with suppliers (prompt payment discounts) and conversely, less need to concede discounts to your customers. A double bonus. • Reduced cash flow worries releases more time to concentrate on running and growing your business. • Online access to credit ratings allows you to trade confidently with new customers. • Bad debt protection gives you complete peace of mind knowing you will be paid within 120 days come what may.
