Factoring and Invoice Discounting
What are the differences between Factoring and Invoice Discounting?
Some invoice finance providers may agree to advances up to 100% of the value of outstanding customer invoices and then settles the balance or makes a second instalment when the customer settles their invoice, minus service fees.
How does Factoring and Invoicing Discounting Work
Confidentiality can be important to some businesses and they may opt to use invoice discounting. Like factoring, invoice discounting is a form of short-term borrowing against outstanding invoices. However, the lender does not have contact with the payee. The supplier would continue to have control over the invoice and payments.
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