While Invoice Factoring and Invoice Discounting might seem the same, there actually is a big difference.
With Invoice Factoring the responsibility for collecting payments and sales ledger management will be undertaken by the funding provider. With Invoice Discounting the responsibility for collecting payments and managing the sales ledger remains with you and your team. As we have no direct contact with your customers Invoice Discounting is completely confidential so your customers need never know you are using an Invoice Finance facility. This difference makes Invoice Discounting a more attractive arrangement for businesses who have an experienced in-house credit control function.
If you would like to learn more about Invoice Factoring vs. Invoice Discounting, download our Guide to Invoice Finance.