Business & Finance Finance

A Guide To Online Invoice Discounting

One of the fastest ways of financing growing businesses in today's economy is via online invoice discounting. Thankfully, it's also a very straightforward solution. An invoice finance provider will pay you up to 95% of the value of each invoice on the day you issue it. When the debt is finally paid, you get the balance - less an agreed fee. This enables you to immediately boost cash-flow and support your day-to-day business needs. This could be, for example, buying stock or paying wages.

An Ideal Solution To Cash-Flow Problems

Close Brothers Invoice Finance, formerly Close Invoice Finance, provide a market-leading online invoice discounting facility called IDeal„. This can integrate with almost any accountancy software. It works very intuitively and very quickly. It automatically extracts a copy of your sales ledger, in real-time, so all you need to do is to log on to IDeal„ and click to transfer your up-to-date accounts data. This way you can access up to 95% of the invoice value instantly, without waiting to be paid by your customer. And the great thing is, because it's automated, you can access up to 15% more funds than other providers.

In addition, you can benefit from around-the-clock access in any destination worldwide. Because there is no reconciliation required, this can save you valuable time. What's more, you will get a dedicated Relationship Manager who will work with you and your business to understand your business needs and help make the most of your online invoice discounting facility. It's the smart way to fund your business!

A Summary Of The Benefits Of Online Invoice Discounting
So, to surmise, the benefits of Online Invoice Discounting are as follows:

€ You can release up to 15% more funding. This is much better rate than many other similar invoice discounting services.
€ Online invoice discounting helps you and your business to get rid of paperwork was well as arduous end-of-month reconciliations.
€ It can let you keep control of the debt collection of your business - as well as important relationships with customers.
€ It can deliver same day availability to funding from recent invoices.
€ You have guaranteed access - around-the-clock - from any location around the world.
€ It permits you to see data from your ledgers in real-time.

Is Online Invoice Discounting Appropriate For Every Business?
If your company trades in the businesses-to-business sector (B2B), boasts an annual turnover which exceeds 500,000, raises invoices and has a strong proof of debt, then online invoice discounting may indeed be a suitable option.
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