Invoice Discounting

Raise cash from your outstanding invoices while retaining credit control

Is invoice discounting right for your business?

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.

Invoice Discounting - Invoice-sent
1. Invoice(s) sent and verified
Invoice Discounting - Agreed funds advanced
2. Agreed funds advanced
Invoice Discounting - Factoring company chases
3. You continue to chase outstanding invoice(s)
Invoice Discounting - Remaining balance paid to you
4. Remaining balance paid to you (minus fees)

How does it work?

How we can help

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.

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BENEFITS OF INVOICE DISCOUNTING

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.

Protect customer relationships
Confidentiality
Ongoing flexibility
Favourable rates
Up to 90% of invoice value released
Stabilise cash flow

Get a Quote

Complete the form below and one of our team will be in touch to discuss how we can help.

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