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
€1M Invoice Discounting for Haulage company in Munster region
This business had Invoice Discounting with a Bank that was exiting the market. They wanted to explore their invoice discounting options. We reviewed their facility and got quotes from alternative funders. We introduced a lender that offered a much higher prepayment (85% vs 70% ) and more than doubled the funding line (€1M vs €400K). This gave the business a significant cashflow boost by immediately releasing an extra €400K ‘trapped ‘cash from their debtors’ ledger, as well as a ‘right sized’ funding facility.
€750K Selective Invoice Discounting for Cork based IT company
Clancy found us a great funding partner - now we get cash in 24 hours from key customers, and this really allows us to maximise our cashflow.
This successful business had a handful of blue chip debtors. Their invoice discounter was uncomfortable with the nature of the debt and only provided €300K funding line against a €1M sales ledger. We arranged Selective Invoice Discounting with a flexible funder who was happy with the nature of the debt, and who immediately facilitated 80% cash advance within 24 hours of receiving invoices from selective key debtors.
Clancy got us a fantastic deal which was a real game-changer.