Factoring & Invoice Discounting - Free up your invoices | invoice discounting information
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UK Invoice Discounting
invoice discounting is not the same as factoring. But there are many common advantages.
Invoice discounting gives payment of a percentage of the total amount owing by customers as opposed to Factoring which gives payment of a percentage of each individual invoice.
Unlike factoring, Invoice discounting means you are in control of
- Your sales ledger,
- The issuing of statements and
- The collection of cash.
although the invoice discount company may take a "legal" charge for book debts.
Invoice discounting is also known as
- Confidential Invoice Discounting.
This is because a companies customers do not know about the invoice discounting
In addition to advances received or money repaid you will pay a monthly charge to the invoice discounter and also pay interest on the net amount advanced.
See Invoice Discounting Guidelines
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