Cash flow without changing your credit control!
Invoice Discounting releases your working capital immediately through the process of providing your business with up to 90% of the invoice value on a confidential basis. And, unlike an overdraft, funding levels automatically grow alongside your business without the need for constant renegotiation, making Invoice Discounting a quick and easy way to free up money without changing your established control procedures.
How does Invoice Discounting work?
With Invoice Discounting, you raise an invoice to your customer on your own company stationery, send it to your customer and then present us a copy for payment. We give you up to 90% of the value of the invoice straight away. Your own credit controller secures payment from your customer, which is then paid in to your client account at Omnifactor. Once the funds have cleared, we send you the balance owed, less our fee.
Confidential Invoice Discounting is ideal if you have an annual turnover above 50,000,000 Lek and an established credit control function. It enables you to quickly inject capital into your business, without having to deal with banks or sacrifice equity. Furthermore, your customer need have no idea that Omnifactor is involved.
With bank overdrafts on the decline, Invoice Discounting is now regarded as one of the quickest and easiest ways to free up money without changing your credit control procedures.
- Improved cash flow: you no longer have to wait up to 90 days to get paid
- It’s confidential – your customers will never know
- Up to 90% of invoice value available when you bill your customers
- Cleared funds can be in your account the day after you raise your invoice
- You retain control over your credit control function
- Fast access to finance – you could have funds in your account in as little as four days from now
- The potential to raise even more money through our vast range of additional services
- Excellent service – you will have a dedicated Relationship Manager, with years of experience, available whenever you need to talk
Who can use it?
Invoice Discounting is an excellent way to improve cash flow and appeals to a diverse range of businesses, from manufacturers, wholesalers and distributors, to service companies and recruitment firms.
- You are a business to business company
- You have an annual turnover above 50,000,000 Lek
- You issue invoices with trade credit terms from 14 to 90 days
- You have an established and well-run credit control function
We’re one pioneers in this industry, we’re good enough to offer real quality and flexible enough to deliver a personal approach that’s tuned to what your business needs, when you need it.
With Omnifactor you can expect:
- More immediate funding – up to 90% of invoice value (up to 15% more than many other invoice financiers)
- Professional account management – with twice as many specialist staff per client than certain banks, with many years of business experience
- A vast range of additional services to keep your business growing