At DCF we understand that invoice financing can seem confusing, even a minefield. Well it doesn’t have to be; with one simple call to us you can have all your queries answered.
There are two types of invoice finance, invoice discounting and invoice factoring.
Invoice Discounting allows you to receive up to 85% of the money you are owed within 24 hours of submitting an invoice. The discounting company advance monies against the invoice without your customer knowing. Discounting is generally aimed at larger businesses (typically above £1m annual turnover). Your customers need never know that you are using this service.
Invoice Factoring – you issue your invoices as normal and the factoring company manage the issuing of statements as well as collect the monies owed to you. Factoring is primarily for smaller businesses who do not have a large finance department, and who may have customers who do not always pay on time. In effect, the factoring company become your credit control service. Advancing up to 85% of the value of your invoices.
For more detailed information please visit our specialised Invoice finance at www.dc-if.co.uk