What is cross border invoice discounting?
Cross border invoice discounting releases up to 90% of an invoice’s value within 24 hours of its issue – whether raised in the UK or abroad – providing a business with working capital to reinvest into other projects. Invoice discounting additionally allows you to retain control of your sales ledger management. (Click here for a detailed invoice discounting definition)
What are the benefits of cross border invoice discounting?
- Your business’ cash flow will be enhanced by gaining access to capital that would otherwise be tied up in invoices.
- Cross border invoice discounting companies possess an expert knowledge of overseas invoice finance markets.
- The funders understand the language and culture differences, resulting in accurate credit checking of your customers which means the right level of funding for you.
- The cash released through cross border invoice discounting will be available in the favoured currency to avoid any exchange rate fluctuations.
- Overseas bank accounts can reduce the time and money traditionally spent accessing international payments.
Is cross border invoice discounting right for my business?
With such a variety of invoice discounting solutions available to UK importers and exporters from a range of invoice finance companies, it can be difficult to decide which facility will provide the right level of cash flow support for your business.
As the UK’s leading invoice discounting broker, Hilton-Baird Financial Solutions will assess your business’ specific funding requirements and introduce the most suitable facility.
Get an invoice discounting quote, or call 0800 9774833 today to find out more about the cash flow benefits of cross border invoice discounting.
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