Date Added: Jan 2010
For most business managing the cash flow is a full time job. Invoicing customers and clients is usually very time consuming and chasing payment can be very hard work. One option that may prove to be the most effective is invoice discounting. Invoice discounting is a model of borrowing that instantly releases the cash tied up in your sales ledger. Much like invoice discounting, factoring involves delegating your accounts to a third party provider to free finance bound to your sales ledger. But, unlike invoice discounting, this form of credit management allows you to receive up to 90% of your invoices value, with the power to lower this amount as your finances fluctuate.