Nationwide Asset Finance
Invoice Discounting benefits, cash flow industry, UK business credit reports UK
Invoice Factoring
Invoice Discounting
Business Financing
Brumark
0800 505 3399
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Invoice Discounting
Benefits
Cash Flow Industry
Invoice discounters are in the cash flow industry. Invoice discounting is fast becoming the accepted and preferred alternative to a bank overdraft. The benefits for any business are all about improved cash flow and the many uses that extra cash can be put to. But there are many more benefits which should not be overlooked.
Confidential invoice discounting
The biggest difference between invoice factoring and invoice discounting is that the discounting service is completely confidential. Your customers will not know that you are using the service and you remain in control while also receiving all the benefits below.
Business Financing
Invoice discounting is increasingly seen as the better alternative to a bank overdraft. It is much more flexible, does not require constant upward negotiation and is not normally re-payable on demand - a major worry for many businesses.
Cash advances
Immediate cash advances to ease your cash flow problems.
Less stress
No more cash flow headaches or dreaded calls to the bank.
UK business credit reports
Online access to credit ratings allows you to trade confidently with new customers.
Business lines of credit
A borrowing facility which rises automatically as your sales increase ensuring future growth is not restricted.
Prompt payment discounts
With better cash flow comes increased bargaining power with suppliers and the potential for prompt payment discounts (more than covering the cost of the service). Conversely, there will be less need to concede discounts to your customers. A double bonus.
Bad debt recovery
Bad debt protection means you get paid within 120 days of the invoice date if your customer becomes insolvent. You also avoid the policy administration/claims procedures associated with traditional credit insurance.
Security
Most invoice factoring companies only require a charge over your debtors and a warranty from the directors whereas a bank will take a full debenture plus directors guarantees thus tying up all the company's and directors assets.
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