What is Invoice Discounting?
It is a process whereby businesses can convert existing sales invoices into cash as opposed to waiting 30 or 60 days to get paid.
Invoice Discounting is very simple, you make the sales, deliver the goods or service, upload the invoice and proof of delivery to Alternative Finance Solutions and we will pay you an advance of up to 80% of the invoice value. The 20% less our minimal fee, gets paid back to you once we collect the full invoice payment from your customer.
How Invoice Discounting Works
Invoice Discounting is simple, as invoices are assets that can be sold.
- A business sells it’s rights to future invoice payments to Alternative Finance Solutions.
- We pay the business owner immediately, up to 80% of the invoice value, giving you instant cash in your bank account.
- Alternative Finance Solutions then takes over the invoice and collects the money when the invoice is due for payment.
- Once your customer pays the full invoice to Alternative Finance Solutions, we deduct our fee and pay the remaining balance to you.