Invoice discounting is preferred by businesses that want to retain some confidentiality around their credit facility – you continue to chase your own invoice payments.
Receiving an initial bulk payment against the total invoice value puts less pressure on chasing outstanding invoices which might put a strain on the relationship you have with your customers.
With Shire Business Group providing a cash injection, you can place your focus less on cash flow and more on growing your business and attracting new customers.
Businesses sometimes favour invoice discounting to minimise fees. An invoice discounting service is usually less expensive than invoice factoring, as you do not have the credit control included.
However, you need to ensure your credit control procedures are robust, and known to be effective.Get a Quote
Invoice discounting is an invoice finance solution more suited to businesses that are well established, have an accounts package and a strong credit control process.
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