What is Invoice Discounting?

Invoice Discounting is a flexible funding solution for businesses which want to release the value of their outstanding invoices.

It allows you to handle your own credit control and maintain the relationships which you’ve built up with your customers. Our confidential service can help you to unlock cash flow when you need it most. Watch our short video which gives a simple explanation of Invoice Discounting.

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How you can benefit from Invoice Discounting in Ireland

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

Invoice Discounting client case study

Recruiters, an Irish recruitment consultancy, turned to Bibby Financial Services when they needed flexible and reliable funding to support business operations during a period of growth.

The Invoice Discounting funding solution has improved cash flow and allowed Recruiters to focus on growing the business.

Watch Gerard Doyle, co-founder of Recruiters, explain the difference it has made to the business.

Read the full case study

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:
  • provide goods and services to other businesses
  • issue your customers with credit terms of between 30 and 90 days
  • have good credit management and control reporting tools in place
  • have a turnover of at least 300,000
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Quickly convert your sales into cash

Features and benefits of Invoice Discounting with Bibby Financial Services

Invoice Discounting lets you release more funds than more traditional sources of finance. As your sales grow, so too will the amount of funding you can access.

In business, reputation is everything. Having cash readily available so that you can pay your suppliers promptly will ensure those relationships will strengthen. It also means you can take advantage of any cash and bulk discounts they offer.

Here are some more key features and benefits of our Invoice Discounting solution:

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
  • Access to optional Bad Debt Protection
  • Manage your account 24/7 with our Client Online service

Benefits

  • Discounts: Our partnership with the Strategic Banking Corporation of Ireland means we offer discounted services to qualifying businesses
  • 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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Confidential Invoice Discounting

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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