Transform your cash flow with invoice discounting
Imagine a world where your invoices are paid immediately. Essentially that’s what happens with invoice discounting – allowing you to streamline your cash flow.
What is invoice discounting?
We know that your business depends on steady cash flow to survive and grow. Yet maintaining cash flow can be a challenge when your clients pay late. Invoice discounting allows you to access funds you have invoiced as soon as the invoice is raised. It offers a simple and efficient way to bring more certainty to your cash flow – and often more cost-effective than other finance options.
How does invoice discounting work?
The account with the invoice finance provider acts like a bank account into which customers settle your invoices and allows you to draw down amounts, generally to 90% of the value of your invoice as soon as it’s raised. When your customer settles the invoice you are then able to withdraw the balance. It’s a completely confidential service in that your clients won’t know you’re working with a lender as the bank account is in your business name and you continue to manage your own invoicing and accounting as normal.
What can you expect from Prydis?
More and more businesses are reaping the benefits of invoice discounting allowing businesses to manage their cash flow in a more efficient manner and bring more confidence and certainty to your business finances.
We have an expert understanding of invoice discounting and work with a number of invoice finance providers to ensure we place you with a provider that meets with your needs and is competitively priced.
Ready to get started?
Phone us on 01392 432431 to find out more about invoice discounting or to arrange a meeting at one of our offices in Exeter, Liskeard and London.