confidential invoice discounting definition

confidential invoice discounting definition

Glossary: confidential invoice discounting

Confidential Invoice Discounting relates to a company entering into a factoring arrangement whereby the sales ledger function remains fully with the company. All credit control functions are the companies responsibility and not the factors. The factoring relationship is not disclosed to the client's customers.


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Definition: confidential invoice discounting

Factoring provides cash to your business with no time delay from issuing invoices as well as sales ledger and collection services.

Accounts Receivables Financing (Factoring): The service is disclosed to your customer who typically receives a letter from the factor, or attached note to your invoice, containing payment instructions to the factor.

Factoring Glossary - Define: confidential invoice discounting - 2004 HJ Ventures International, Inc.