Invoice Discounting is a comprehensive funding facility that has been designed specifically to release the cash tied up in your sales ledger. You remain in full control of maintaining your sales ledger, credit control and collection facilities.
The facility can either be confidential or disclosed to your customers and can include bad debt protection.
The Benefits
- Releases up to 95% of the invoice value.
- The ability to obtain immediate ‘cash on delivery’ from your sales invoices.
- The flexibility that allows you to negotiate attractive supplier discounts.
- Complete responsibility and control of your sales ledger and customer relationships.
IDeal
IDeal is the first-to-market online invoice discounting system which allows real-time exchange of payment and cash flow. IDeal uses latest technology to lift sales ledger information directly from accounting systems and reconciles automatically, every day, so businesses can draw down cash as and when needed.
The Benefits
- Releases up to 15% more funding than traditional invoice discounting facilities.
- Eliminates paperwork and laborious month-end reconciliations.
- Integrates with almost all accounting packages.
- Can include bad debt protection.
