Invoice Discounting

One area that many of our clients choose to rely on us for is invoice discounting. Revitalise your cash flow strategy through Prydis’ specialised Invoice Discounting service.

Picture a scenario where your invoices receive immediate attention. Essentially that’s what happens with invoice discounting – allowing you to streamline your cash flow. Invoice discounting, as sourced through Prydis, empowers you to refine your cash flow management. Prydis do not directly provide Invoice Discounting, we specialise in sourcing this financial solution, ensuring prompt invoice payments and facilitating a streamlined process tailored to your needs.

 

What is Invoice Discounting?

Invoice discounting is a way for businesses to get money faster by leveraging their unpaid invoices.

It allows you to streamline your financial operations in a simple, efficient, and cost-effective manner. In the dynamic landscape of modern business, we know how crucial it is to have a reliable cash flow. Unfortunately, the challenge often arises when customers delay their payments. This is where invoice discounting comes into play: access your funds as soon as you raise an invoice, ensuring that your cash flow remains steady.

Instead of waiting for customers to pay, your business can take those unpaid invoices to a commercial finance broker like Prydis. We can then help you secure a significant portion of the invoice amount upfront. This quick access to money helps your business with immediate cash needs like paying bills or investing in growth.

 

Key benefits of Invoice Discounting

There are many benefits to invoice discounting, which include the following:

Enhanced Cash Flow Certainty

Invoice discounting ensures enhanced cash flow certainty by providing a reliable source of funds tied to outstanding invoices. This stability allows your business to predict and manage your financial resources more effectively, reducing uncertainty in cash flow.

Immediate Access to Funds Upon Invoice Generation

Your business gains immediate access to funds the moment an invoice is raised through invoice discounting. This swift access to capital accelerates financial liquidity, enabling you to address urgent financial needs promptly.

Greater Cost-Effectiveness Compared to Alternative Finance Options

Invoice discounting typically offers greater cost-effectiveness in comparison to other available finance options. With lower associated costs and fees, this method of financing provides your business with a more efficient and economical way to access working capital.

 

How Does Invoice Discounting Work?

Understanding the mechanics of invoice discounting is essential to leverage its benefits effectively.

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 up 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.

 

Confidential Invoice Discounting

Invoice Discounting is a confidential service in that your customers 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.

We understand that maintaining a positive relationship with your customers is paramount. Through Prydis, your customers won’t even know that you’re working with a financial provider. The bank account through which the funds are managed is in your business’ name, allowing you to maintain full control over your invoicing and accounting processes, just as you always have.

 

Trusted Invoice Discounting

At Prydis, we’ve been helping businesses like yours streamline their cash flow and navigate the challenges of late payments for years. Invoice discounting is designed to be a tailored financial solution that best fits your specific needs.

Invoice Discounting 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 their 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.

Thanks to our unique approach, which integrates in-house accounting, wealth, commercial finance and legal expertise, we can take an informed view of your business and adapt our advice accordingly.

 

Apply Now for Invoice Discounting

If you are looking to apply for an invoice discounting – please fill in the form to give us as much information as possible – one of our team will then be in touch.