Invoice discounting allows an enterprise to draw money against its sales invoices before the customer has actually paid. To make this happen, the business borrows a portion of the importance of its sales ledger from a finance company, effectively while using the unpaid sales bills as collateral for borrowing. Invoice Discounting is sometimes often called Discreet Factoring as it is essentially the same product as Factoring – the organization gets cash coming from its sales invoices ahead of it otherwise would – though the key difference is which the credit control remains using the business owner.
Invoice Discounting Overview
