Confidential Invoice Discounting - CID
What is confidential invoice discounting?
Currently over 60,000 UK businesses use Confidential Invoice Discounting to ensure a confident steady cash flow for growth. Similar to Factoring, in that your business is borrowing against the balance of your balance sheet and invoices, CID differs in that the business maintains the relationship with the customer who pays the invoice and not the invoice discounting company. The business then pays the invoice discounting company back the money it has been advanced on invoices.
Usually only available to business with turnovers in excess of £300,000, advances can often be up to 95% of amount of the invoice submitted. And CID facilities are usually provided to those companies with a solid record of delivering profits.
Confidential Invoice Discounting facilities will be offered by Invoice Discounting companies only after a full audit of the companies credit control management has been undertaken to ensure requirements can be met.
In most cases, CID provide and efficient means to implementing a strong working capital solution that allows up 95% of invoice debt to be converted into cash within the day.
If you would like to know more about the various invoice discounting companies and which would be suit your business then contact us for some more information.
Currently over 60,000 UK businesses use Confidential Invoice Discounting to ensure a confident steady cash flow for growth. Similar to Factoring, in that your business is borrowing against the balance of your balance sheet and invoices, CID differs in that the business maintains the relationship with the customer who pays the invoice and not the invoice discounting company. The business then pays the invoice discounting company back the money it has been advanced on invoices.
Usually only available to business with turnovers in excess of £300,000, advances can often be up to 95% of amount of the invoice submitted. And CID facilities are usually provided to those companies with a solid record of delivering profits.
Confidential Invoice Discounting facilities will be offered by Invoice Discounting companies only after a full audit of the companies credit control management has been undertaken to ensure requirements can be met.
In most cases, CID provide and efficient means to implementing a strong working capital solution that allows up 95% of invoice debt to be converted into cash within the day.
If you would like to know more about the various invoice discounting companies and which would be suit your business then contact us for some more information.
