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Invoice factoring vs invoice discounting

Learn more about the differences between invoice factoring and invoice discounting

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Key figures Creation year : 2001 Companeo Agreed Supplier since : October 2007

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Main benefits: While invoice factoring and invoice discounting share a lot of similarities, they are still slightly different services. However your business can get up to 95% of their invoice values on the same day with either invoice factoring or invoice discounting facilities.

Invoice factoring & invoice discounting: the similarities

After checking your accounts and sales ledger, invoice factoring or invoice discounting companies will let you know whether your business has a sufficient turnover to benefit from an invoice discounting or factoring facility. They will also let you know what amount of cash can be released against your invoices.

Invoice discounting and invoice factoring companies will ensure that your invoices are split between several business customers.

If your business meets all criteria, including standard credit terms for your industry, you could receive up to 95% of your invoice values on the same day.

Invoice factoring

Copies of all your invoices are sent to your factoring company.

The invoice factoring company deals directly with your customers and collects the invoice money for you.

You don't need to chase overdue invoices and late payments, The factoring company will do that for you.

Invoice discounting

Invoice discounting remains anonymous at all times and the invoice discounting company doesn't have any contact with your customers.

With invoice discounting you remain responsible for collecting your overdue invoices.

Once you've received payment for your invoices, you send the money on to the invoice discounting company and they will then pay you the outstanding amount, minus their own charges.

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Invoice factoring vs invoice discounting from supplier Companeo UK - Companeo advises you:

Learn more about the differences between invoice factoring and invoice discounting

» While invoice factoring and invoice discounting share a lot of similarities, they are still slightly different services. However your business can get up to 95% of their invoice values on the same day with either invoice factoring or invoice discounting facilities.

This offer is part of: Invoice factoring. Look up an offer in Invoice factoring:

» While invoice factoring and invoice discounting share a lot of similarities, they are still slightly different services. Get Free Quotes within 48H from Companeo Agreed Suppliers. Your business can get up to 95% of their invoice values on the same day with either invoice factoring or invoice discounting facilities.

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