Confidential Invoice Discounting with Sales Ledger Upload: Case Study
We were recently able to help a printing business who already had invoice finance in the form of a confidential invoice discounting facility from a provider but they were unhappy with the funding restrictions that were being applied.
Sales Ledger Upload
We were able to introduce the client to a provider who offered the client Confidential Invoice Discounting with Sales Ledger Upload.
This innovative new technology delivers the ideal invoice discounting service by allowing the client to upload their sales ledger directly to the provider from their accounting software package, removing the need for the submission of invoices, day book listings or other paper based information.
Furthermore, the facility does not require the client to undertake any form of month end reconciliation saving time and effort.
The system operates "live" time so retentions are not held for months as can sometimes happen with traditional invoice discounting.
In addition, the new facility gave the client:
- An increased early payment percentage of 90%.
- An increased concentration limit.
- Predictable pricing as the service charge is a flat annual fee rather than a percentage of turnover.
- A saving in excess of 50% of the annual service charge.
Can we help you?
For more information about Confidential Invoice Discounting with Sales Ledger Upload or other forms of invoice finance please contact us or complete an:
ONLINE QUOTATION SEARCH REQUEST
Further information about Confidential Invoice Discounting with Sales Ledger Upload
For further information about Factoring follow this link
For further information about Invoice Discounting follow this link
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