Cash flow difficulties can make even the best-run businesses struggle from time to time. Slow payers can mean you’re spending time on collection rather than using your energy to drive your business forward, but even on-terms payment can put resources under stress when funds are locked up the in accounts receivables ledger.
But what if you could unlock this value, receive early payment for every invoice, and use it to ease all your cash flow problems at a stroke?
Invoice discounting lets you receive funds from your invoices almost immediately after you issue them, rather than waiting for 30, 60, or even 90 days to be paid. You can receive up to 90% of an invoice’s value within 24 hours of verification, and all it costs is a small fee which is taken when the customer pays their bill.
What Are the Advantages of
Invoice Discounting?
- Compared to traditional business loans, invoice discounting has several strong advantages.
- It’s quick to arrange, and your funds are released within 24 hours of verification.
- Discounting costs less compared to typical high-interest unsecured loans or commercial overdrafts.
- The approval process is simple, and there’s no security required.
- Discounting allows you to unlock funds without increasing debt or risking business assets.
- The larger your accounts receivable ledger, the more funding you can access.
- Invoice discounting provides flexible funding with no long-term commitments.
And what’s more, you’re protected against debtor defaults. If your invoice is unpaid because the debtor goes into administration, you’ll be covered by our debt protection service. We can claim the outstanding debt through insurance, and you won’t need to repay the invoice advance.
Is Your Business Eligible for Invoice Discounting?
- A minimum business turnover of $1m p/a.
- At least four regular paying customers on your ledger.
- Invoices must be issued to businesses rather than individual consumers.
Getting Started with Invoice Discounting
If you want to see how invoice discounting can solve your cash flow problems, contact our specialist team with just a few details of your business and your funding requirements. The application process is quick and easy, and you could solve your outstanding invoice problems in just a few hours.
Need Business Funding?
Note: OptiPay funding solutions are only suitable for businesses with annual revenues of $1m+ per annum.
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- Pros & Cons of Invoice Discounting
- Invoice Finance for Transport Companies
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- Funding Business Purchases Through Invoice Finance
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- What is Invoice Finance?
- How to Use Invoice Finance to Fund Your Business
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- Invoice Discounting for Beginners
- How to Choose an Invoice Finance Provider
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- Unsecured Business Loans
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- Business Finance
Here’s why Our Clients choose OptiPay
This is Paul, he is one of the directors of UVS, a labour-hire provider to the construction industry. Here’s what he has to say about how OptiPay was able to help his business grow and succeed. Contact an OptiPay expert today to see how we can help you.
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