Products Invoice Finance

Is a modern upgrade on ‘old-school’ invoice discounting

Invoice Finance pays up to 80.00% of your receivables invoice today and the balance when your customer pays. Your finance requirements are unique. We want to understand what you require so we can tailor the financial support you need. So let’s have a conversation and see how Convertibill® can best support you. Let’s work together and finance your business potential.

Traditional invoice discounting is just another form of lending and requires liens on the entire ‘book debts’ of the company, personal guarantees, etc. There’s also lots of ‘hidden rules’ that only become apparent after you’ve signed the contract (that contains early exit penalties). It’s an ‘all or nothing’ service where you must process all your receivables through the lender (including all your small and cash paying accounts).

Instead of using outdated, traditional lending models, Invoice Finance uses an alternative purchasing model called credebt® (pronounced: credet). In addition to removing the need for liens or personal guarantees, it allows you to pick and choose what customers you wish to trade with us. You are not required to process all your small/cash accounts. You are in charge and are free to decide what customer accounts you need to finance. This saves time and money on administration and overall costs as a result.

Where the traditional invoice discounting models will have ‘disallowable’ invoices or accounts, 30, 60, or 90 day limits and other conditions, Convertibill® Invoice Finance does not limit you with these old-school lending rules. It uses the more common sense Expected Date and provides a finance facility on a per customer basis. And where lenders make you apply for credit limit increases, Convertibill® grows as you grow.

Convertibill® Invoice Finance requires less administration, saves costs, is more flexible and is ultimately more user-friendly. For assistance on how best to use this type of finance, make an appointment online now to talk to your Convertibill® Specialist.