Invoice Finance Overview
Invoice finance takes two main forms – factoring and invoice discounting. The different benefits provided by these services are listed below.
What is factoring?
Factoring is a flexible funding and collections service which releases cash
tied up in outstanding customer invoices.
What this means:
- You can bridge the cashflow gap between raising an invoice and getting paid.
- You can boost your cashflow by receiving an immediate cash-injection and
On going supply of working capital into your business against the value of your outstanding invoices.
- You can benefit from the factoring provider's credit control service, saving you valuable time, as they will chase and collect outstanding invoice payments on your behalf.
What is invoice discounting?
Invoice discounting is a flexible funding-only solution which releases cash
tied up in outstanding customer invoices.
What this means:
- You can bridge the cashflow gap between raising an invoice and getting paid.
- You can boost your cashflow by receiving an immediate cash-injection and ongoing supply of working capital into your business against the value of your outstanding invoices.
- You maintain the relationship with your customers and you collect payments against outstanding invoices – the invoice discounter provides the cash to support you. Unlike factoring, invoice discounting does not include a credit control service
For more information and to compare invoice finance quotes please call 0800 597 4757 or apply online.
Invoice Finance Menu
The UK Factoring & Invoice Discounting Helpline is a leading finance brokerage specialising in factoring and invoice discounting. We offer free, independent and impartial advice on business finance options. We have been helping businesses of all sizes and commercial sectors solve cashflow problems for more that 10 years. We have found factoring and invoice discounting facilities for many thousands of businesses and remain in contact with all our clients.