How Does Invoice Discounting Work
Step 1
Your business provides the service or delivers the goods to your customers.
Step 2
You raise the invoices to your customers.
Step 3
You advise the invoice discounting company of the value of your invoices.
Step 4
The invoice discounting company will advance you up to 85% of the value of the invoices.
Step 5
Your own staff do the credit control.
Step 6
When the invoice is paid you receive the balance less any charges from the invoice discounting company.
Still unsure on how invoice discounting works? Try our glossary and see a full list of invoice finance terms.
