Ideal for businesses with occurring cash flow needs, invoice discounting is a flexible and efficient source of cash that allows SMEs to have much better control of their cash flow.
Furthermore, confidentiality of the service can be maintained by the provider. The suppliers and customers will not be aware of the borrowings of the company against sales invoices. The agreement between the financier and you/your business is not disclosed to your customers. The invoice finance provider advances up to 90% of the invoice value, usually within 24-48 hours and you retain full responsibility for the administration of your sales ledger and debtor collection.
SMEs can raise immediate cash by auctioning their outstanding invoices with Populous World.
What Invoice Discounting structure does Populous World offer?
Invoices can be sold on the Populous World platform individually. This presents a client with full control of their facility, where they can subscribe to the service on a ‘pay-as-you-use’ basis. A client can choose to discount their entire trade receivables or appoint our services tailored to the needs of the business.
2. You provide sale of goods or services to your customer.
3. Due diligence checks. Upon verification and risk assessment, provide the invoice(s) that you will be using.
4. Upload your invoice(s) onto our platform which then invites invoice buyers to bid on your invoice(s).
5. Receive funds. Once your invoices have been successfully placed and bid, you will receive the funds directly into your account within 24 hours.
6. Upon repayment. When your customer pays you, you then repay the invoice(s) by making a full payment to ‘Populous World’, less any fees.
The invoice discounting mechanism allows you to be given a limit, very much like an overdraft, or a cash credit facility, allowing you to draw down using your invoices up to the amount specified in the limit.
Your need for instant cash is provided by invoice discounting companies such as Populous World, which help you to advance cash against your outstanding invoices.
For more information or to speak to a member of our team, send your contact and business requirements to [email protected] – a funding specialist will contact you as soon as possible.
>> Is your business in need of fast, short-term financing? Do you need to access cash faster than your customers pay you?<<
Populous World is an Invoice Finance provider that unlocks working capital for UK businesses.
Bridging your business’s cash flow gap is something that Populous World excels in delivering, providing you with the funding tools to grow and sustain your business.