Two Main Options
At Invoice factoring we provide our clients with as many options available to them as possible and can then make suggestions as to which option is the best for them,depending on their situation,industry and business.
At Invoice factoring there are two options, you can choose our invoice factoring, or invoice discounting.
Invoice factoring
Invoice factoring is an option whereby the invoice-factoring quote we provide is one that operates by taking your customers invoices and making a payment to you of a percentage of the invoice, the customer will be then contacted and payment is received by the factoring company who will then pay the remainder of the invoice to you.
This is a flexible arrangement, which allows you to free funds for use elsewhere, you can leave all of the collection of customer payments to be managed and collected on your behalf.
Invoice discounting
Invoice discounting is similar to invoice factoring, in terms of you passing on your customers invoices in return for a percentage payment of the invoice value, however you will still continue to manage and collect payments from your customers. This means that you will have control of this aspect and your customer remains unaware of the invoice factored.
Within these two options there are further options, which are then available to you, these are: