Invoice Discounting – Free up valuable cash
Invoice Discounting is a great way to free up cash tied up in unpaid invoices. You may have a healthy sales ledger, with great customers, but waiting to get paid can put serious pressure on your cashflow. Invoice Discounting gives your business an immediate cashflow boost and saves you the frustration of waiting for your customers to pay their bills. You remain in charge of the credit control and collection process and, even better, your customers don’t know about the facility, as it can be offered on a confidential basis.
What is Invoice Discounting?
Invoice discounting finance enables your business to get have access to working capital by releasing up to 85% of the value of unpaid sales invoices, without the need to outsource the credit control and collections. This vital cash can be used for business expansion, to keep suppliers onside, or simply to help manage the day-to-day cash flow.
Benefits and features of Invoice Discounting
Instant cash boost
Access up to 85% of sales invoice value within 24 hours of raising an invoice and the balance (less charges ) when customer pays.
100% confidential
Your customers are totally unaware that you are using invoice discounting.
Better cash flow
Remove the headache of slow paying customers, or customers taking extended credit terms.
Funding expansion
As your company turnover increases, the level of funding you can access through invoice discounting grows too.
Frees up time
You can manage and predict the company cashflow, eliminating working capital pressure points.
Grow your business
You can access working capital to maximise opportunities such as acquisitions, MBOs, MBIs etc.
Does my business qualify for Invoice Discounting?
Your business may qualify for Invoice Discounting finance if it meets these criteria:
An established company with a strong balance sheet and sales of €750K+
Selling goods or services on credit terms to trade customers
Raising invoices in arrears
Managing your credit control efficiently and solid reporting systems
Talk to the Experts
Clancy Business Finance has in-depth knowledge of this specialised industry and we can help you get the best Invoice Discounting solution, to help you improve cash flow and maximise your working capital. We’ll manage your entire application to ensure you get best advice, and the best deal, with the right funding partner.
For more information or if you would like a confidential chat, please call us on 01 438 6462 or email [email protected] or request a callback.
Our success stories
Invoice Discounting Facility Supports SME Turnaround
A food processing business based in Limerick (€7M turnover) was restructuring following a downturn. Its bank was reducing the €1.5M invoice discounting facility and planning to exit. The business had a strong pipeline but needed additional cashflow to trade through the peak season. CBF introduced a funder willing to support the turnaround and structured an invoice discounting facility with 95% prepayment for nine months. This released an additional €500K from the debtors ledger and helped ease seasonal cashflow pressure.
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€330K Extra Funding Through Single Debtor Finance
Clancy got us a much better deal that really allowed us to get maximum cash from our debtors ledger.
A telesales company with 90% of turnover tied to one customer could draw only €150K against its €600K debtor ledger because its invoice discounting funder capped that debtor at 35%. Clancy Business Finance introduced a specialist invoice finance provider willing to fund the key customer to 80%. This increased available funding to €480K, releasing an additional €330K in working capital.
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€780K Invoice Discounting for Fast Growing Exporter
I was amazed how quickly Clancy was able to arrange funding – we had money in our bank within days
A €2.2M turnover medical device exporter needed additional working capital to bridge the gap between paying suppliers within 30 days and giving international customers extended credit terms. Clancy Business Finance introduced an export finance specialist and secured an invoice discounting facility with bad debt protection, releasing €780K from the company’s export debtors.
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Our back was completely against the wall – Clancy got us a fantastic offer of finance, which was a real game changer.