Factoring and Invoice Discounting Helpline

Advice on using an invoice discounting broker

If your business is looking for invoice discounting and cashflow advice, there are currently two types of invoice discounting brokers; Independent invoice discounting brokers and ties invoice discounting brokers. Whichever one you choose it means that the invoice discounting broker is accountable to you and your business, and not to any invoice finance, factoring or invoice discounting company. The invoice discounting broker is obliged to do their best for you, as your agent.

An invoice discounting broker has good general understanding of invoice discounting and are specialist in the invoice finance industry. The benefits of using a factoring broker are that they are an effective way of getting a invoice discounting package to suit a businesses needs without having to commit hours of time searching browsing and trying to understand Industry jargon such as:

• Advance levels
• Minimal annual fee (maf)
• Concentration levels
• Recourse invoice discounting
• Non-recourse invoice discounting
• Accounts receivable invoice discounting
• Lift out clause
• Breakout clauses
• High export content
• Service charge
• Audit charges
• Re invoice discounting fees
• Account Debtor
• Asset Based Lending
• Lien
• Notice
• Concentration levels of 100%

The benefits of using an invoice discounting broker are:-

• An established invoice discounting broker will benefit from a certain quality of service
• An experienced invoice discounting broker can offer Integrity of judgement
• The main benefit of an invoice discounting broker is access to Impartial advice
• Expertise on selecting the most appropriate invoice discounting facility
• Help selecting a reputable invoice discounting service
• Advice on avoiding the pitfalls of signing up with particular providers
• Full assessment of the businesses needs
• Making sure a business secure the best invoice factoring deal.
• Most invoice discounting services are free to businesses because the invoice discounting broker receives a commission from the invoice discounting provider.
• Advice on which factoring companies specialise in the SME market
• Advice on finding the invoice factoring companies that will provide the best advances
• Alert clients to all costs up front
• The benefits if using an invoice discounting are access to his or her invoice discounting industry contacts
• An invoice discounting broker can help a business structure an invoice discounting facility
• Advice on the pros and cons of each invoice discounting company in the UK.

We are here to help you and your business, whatever your financial circumstances, to make the most of your industry the opportunities it provides. An invoice discounting broker can be useful for anyone regardless of circumstances, not only to help make the most of available business cashflow but also to give good advice on all the invoice finance options a business has. Please call 0800 597 4757 or apply online for help and advice on the benefits of invoice discounting.