Invoice discounting

Invoice finance

Improve your cash flow by releasing funds from your unpaid invoices and maintain control of managing collections with invoice discounting. Our market-leading technology, IDealTM, enables instant access to cash from your invoices 24/7.

Invoice discounting

What is invoice finance?

Invoice finance is the umbrella term for a type of funding that provides fast access to cash tied up in your outstanding customer invoices.It's an alternative solution to traditional types of business finance and is much more flexible than an overdraft or loan. With our invoice finance product, invoice discounting, you maintain responsibility for managing collections, so the facility is entirely confidential.

How does invoice discounting work?

All you have to do is raise the invoice and we’ll give you up to 90% of the cash owed to you straight away, enabling you to keep your business moving without waiting to be paid.

When your customer settles the invoice, the remaining percentage is returned to you, less an agreed fee.

How does invoice discounting work?
How does invoice discounting work?
Is it suitable for my business?

Is it suitable for my business?

If your business sells to other businesses and has a turnover in excess of €300,000/£250,000, then invoice discounting could be an excellent solution. We work with businesses from a wide range of sectors to help them meet their goals, whether it's improved cash flow, mitigating late payments or managing seasonal demand.

If some of your turnover is export, then we can also consider providing finance against these sales, especially if combined with our bad debt protection solution.

Find out how much cash you could release from your unpaid invoices with our invoice finance calculator

Instant access to funds 24/7

Instant access to funds, 24/7

Seamlessly integrating with over 230 accounting software packages, IDealTM  is our award-winning online platform available with your invoice discounting facility.

IDealTM enables you to access funds from your invoices from anywhere in the world at any time - instantly. By automatically reconciling your invoice payments, it also saves you time and money.

Find out more about how our market-leading technology can help your business

The benefits of invoice discounting are clear:

1

Access funds the instant you raise an invoice with our award-winning online management tool, IDealTM

2

Maintain control of your invoice collections

3

Reduce laborious month-end reconciliations

4

Entirely confidential

bad debt protection

Bad debt protection

Eliminate risk from customer insolvency with bad debt protection. This works alongside your invoice discounting facility and enables you to operate safe in the knowledge that you will not be impacted by bad debts if your customers are unable to pay you.

Whilst some other providers will only agree up to 90% cover, we offer up to 100% protection on accounts pre-approved by our Credit Management Team.

Find out more about bad debt protection

Liquidity plus

Liquidity Plus

Businesses often need short term finance to help manage periods of rapid growth. Our Liquidity Plus product can help you to release up to 100% of the value of your invoices, enabling you to access additional funding when you need it most.

Liquidity Plus can be bolted on to your invoice discounting facility at times when you need an immediate cash injection to your working capital.

Find out more about Liquidity Plus

Why choose Close Brothers?

Why choose Close Brothers

Close Brothers Commercial Finance is part of Close Brothers Group plc, a leading merchant banking group with traditional values and an ethical approach to lending.

Offering the flexibility of an independent provider, combined with our financial strength as a well-capitalised FTSE 250 company, we offer the best of both worlds.

Our customers tell us that our personalised service and quick decision-making sets us apart from other providers and we are praised for our ability to look at the individual merits of every business, rather than taking a “one size fits all” approach.

We are proud that in a recent survey, 100% of our clients said that they would recommend us*.

* Independent survey carried out by The Murray Consultancy Ltd on behalf of Close Brothers Group Ltd. Research executed in February 2014.

Call our team today to find out more about how invoice discounting could benefit your business: 01 871 1060