As invoice discounting brokers we know that whilst most companies claim a fast flexible response with unrivalled personal service, not all deliver.

We know which do

confidential invoice discounting solutions

Invoice discounting has seen huge growth in recent years as companies have realised the potential of a funding scheme where the availability of finance rises in line with increasing sales. The banks’ reluctance to lend on overdraft has also contributed to the growth of invoice discounting and other forums of invoice finance

Invoice discounting is different to factoring as the client retains control over the sales ledger and carries out their own credit control.

Invoice discounting is invariably undisclosed unlike factoring and because the invoice discounting company does not have day to day control over the debt they will be a little choosier on who they offer this facility to.

Many companies will follow their bank manager’s suggestion and sign up with the bank’s subsidiary without investigating whether or not that is the best option, which is unfortunate as in many cases it isn’t.

The theory is simple as the discounter will advance up to an agreed percentage of invoices as and when they are raised but the devil is in the detail as they say and there is potential for problems with concentration limits, unapproved accounts, restrictive credit limits, unrealistic facility limits and hidden charges for starters.

In view of the concerns that we have about the way in which some of the factoring and discounting companies operate we have set out details of some of the possible pitfalls in the following pages. Many of the problem areas are specific to factoring such as the poor service levels on offer from some of the major players but most are equally applicable to invoice discounting.

As one of the UK's leading specialist invoice discounting and factoring brokers and also one of the few that is truly independent we would be happy to discuss your requirements and as there is no charge to clients for any of our services why not contact us now for an informal chat.

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