Five reasons to consider online invoice discounting

Since borrowing money from banks became so much more difficult for businesses up and down the land, many more organisations have turned to online invoice discounting as a means of raising cash and improving cash flow.

What are the five main reasons nearly 46,000 firms in the UK and Ireland are now using invoice finance to fund their business?

     1. Almost instant cash injection

With invoice finance you can raise up to 90% of the value of your invoices and get it paid into your bank account immediately. Imagine how that can change your financial situation almost overnight.

     2. Discrete finance
     With invoice discounting, you retain control over your own debt collection and customer relationships. You get all the benefits of improved cash flow, but the activity stays in the background without affecting your relationship with your customers.

     3. Real-time visibility
     Using an online invoice discounting system like IDeal™ from Close Brother Invoice Finance, you can view your ledger data in real-time, 24/7 from virtually anywhere in the world.

     4. Improved accounts efficiency
     Online invoice discounting gets rid of paperwork and laborious month-end reconciliations – it can all be done in the system.

     5. Relieves a major business stress

Imagine a stress-free world where you no longer have to anxiously wait for 30, 60, 90 days for that big customer to finally settle their account. That’s one of the biggest bonuses owners of SMEs in all kinds of industries find when they switch to online invoice discounting.