What is Invoice Discounting?

Invoice Discounting is a funding solution enabling you to access a proportion of the value of your outstanding invoices while maintaining the relationships you have built up with customers.

To find out how invoice discounting works and how it can benefit your business, watch our video.

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How Invoice Discounting can help your business?

Invoice Discounting can help you release cash from your outstanding invoices, or improve cashflow to fund your growth plans and develop your business. It bridges the gap between raising customer invoices and getting paid by releasing cash that can help support your day-to-day cashflow requirements or fund its growth.

In addition, unlike Factoring, it allows you to continue managing your sales ledger, credit control and collecting payments from your customers.

Download our guide to invoice finance

How Invoice Discounting works

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Invoice your customers

And send us a monthly summary of your sales

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We pay up to 90% of the value of your invoice

Within 24hrs, allowing you to pay your staff, suppliers and take on new orders

Telephone contact

You collect your invoices as usual

Allowing you to maintain the relationship with your customers

Payment

We pay you any remaining balances

Minus any agreed fees

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Is your business suitable for Invoice Discounting?

Your business could be suitable if you:
  • Yes: provide goods and services to other businesses
  • Yes: issue your customers with credit terms of between 30 and 90 days
  • Yes: have good credit management and control reporting tools in place
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Invoice Discounting

Features

  • Release up to 90% of invoice value within 24 hours
  • Immediate funding against the value of your invoices as they are raised
  • The funding grows in line with your sales
  • 12 and 24 month contracts
  • Continue to manage your customers for payment
  • Confidential process
  • We can offer optional Bad Debt Protection
  • Access your account 24/7 with our Client Online service

Benefits

  • Speed: access to funds within 24 hours so you can meet your payment needs
  • Control: you maintain the relationship with your customer by managing your own credit control and sales ledger
  • Personal: we provide a more personal service through our relationship based approach
  • Convenience: you can check you funding at all times with our 24/7 Client Online service
  • Security: you can protect against customer insolvency with our Bad Debt Protection option
  • Confidentiality: our confidential service means we won’t disclose you are using an invoice discount facility
I can honestly state that we would not be in business if it hadn’t been for Bibby Financial Services Ireland SYLVIE NEYLON, FOUNDER NEYLONS FACILITY MANAGEMENT
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We also offer a confidential service

If you do not want your customers to know how you’re funded, or if you would prefer to keep your credit control function in-house, we can offer confidential invoice discounting. 

This means we do not disclose to your customers that you are using an Invoice Discounting facility and you maintain the relationship with your customers. 

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