INVOICE FACTORING AND DISCOUNTING
Invoice factoring is when a company sells its unpaid invoices to a third party company at a discounted rate. The third-party company then manages the credit control on their behalf, liaising with the clients for outstanding payments. This is done in order to satisfy any immediate cash flow requirements by receiving advances on payments from a customer or client.
Invoice discounting is a similar process usually applied to companies of a larger nature whereby they remain in control of collecting outstanding payments from customers or clients. Invoice discounting is a short-term solution to keeping control of sales providing funds whilst a business is awaiting invoices to be paid.
All of the above give businesses speed of access to outstanding funds, giving you the power to make onward purchases in order to maintain the supply and demand of your business.
HOW CAN ENNESS HELP WITH INVOICE FACTORING AND DISCOUNTING?
Once we have arranged the finance for your business premises, we want to make sure your business continues to grow and be successful.
To do this, Enness has partnered with a specialist in invoice financing who can assist our business owner clients with cash flow for their company. We would be delighted to discuss your requirements with you, referring you to our trusted specialist to ensure you are getting the very most out of your business.