Confidential Invoice Discounting with Sales Ledger Upload
Confidential Invoice Discounting, also known as CID, is an invoice finance product whereby a discounting company (a discounter) will provide you with up to 95% of the value of your outstanding sales invoices, you continue to collect your sales ledger and your debtors are therefore not aware of the discounters involvement. 
Sales Ledger Upload is a service, provided by very few discounters, that delivers the ideal invoice discounting product.
It enables you to upload your entire sales ledger rather than having to send individual invoices and there is no need to reconcile your figures to the figures held by the discounter. The discounter then makes the early payments available to you on request via their electronic link.
The fact that the sales ledger is uploaded electronically means that it allows the discounter to offer Confidential Invoice Discounting to businesses that may not have qualified for the standard product.
The benefits of using Sales Ledger Upload are as follows:
- No need to send invoices or day book listings to the discounter.
- No need for month end reconciliations that will take you time.
- The product is greener and more environmentally friendly due to the reduction in the volume of paper that is used..
- You continue to handle collection of invoices so your customer relationships are unaffected.
- Fixed fee service charge making the cost of the facility completely predictable.
- Real time calculation of your availability i.e. NO waiting for your month end reconciliation to be submitted before cash is released.
- Makes Confidential Invoice Discounting available to a wider range of businesses that might not have been able to access invoice discounting otherwise.
For more information about Confidential Invoice Discounting with Sales Ledger Upload contact us.
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Case Study - Confidential Invoice Discounting with Sales Ledger Upload
New Clients Take Up Sales Ledger Upload
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