Single Invoice Discounting Or Spot Invoice Finance
You might want the benefits of invoice factoring or invoice
discounting but feel you don't have an on-going requirement.
Yet there could be a time when you have a short term cash flow
problem, perhaps you simply have one or two invoices or one or two
clients where having prompt payment of the invoices would
dramatically help your cash flow.
Single Invoice Factoring, or single debtor finance, can
offer a straight forward option of competitively priced, short term invoice
based finance. Generally single invoice finance has a fixed level
of fee for the required transaction. The benefits are the
same as other invoice finance solutions, i.e cash within 24-48
However not all Invoice Finance companies
offer a single invoice finance facility.
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Single Invoice Discounting or Spot Factoring
Spot factoring, also known as single invoice finance, selective
invoice discounting or single debtor finance, is a new cash flow
tool that allows a business to free-up cash that would be tied
awaiting customer payment on a one by one invoice specific basis,
without having to enter into a long term agreement with a finance
company or factor.
As single invoice finance provides short-term business funding
the terms for doing so are usually more flexible than traditional
invoice finance services.
Single Invoice Finance - The Benefits
The benefits of utilising single invoice finance can be
considerable. The selective nature of the service means that
business can release cash from one or a
few invoices at a time and the available facility can be
used as a when required or not at all.
There's no obligation to enter into a
long-term agreement and you won't have to tie up the whole
of your sales ledger. Once your invoice has been paid by your
customer there are no further requirements or commitments until you
decide to use the facility again. The facility will remain
open once you've established it but the costs are per transaction
The fees charged for the spot factoring service are usually
transparent; one invoice generating one charge with no minimum fees or monthly costs.
The business simply pays for funds required as and when they
However as with other forms of invoice finance you still have
the benefit of fast availability of funds
when you need them.
With spot factoring you can maintain
the relationship with your customer and the responsibility
for collection of the debt and if you don't have the credit
collection procedures in place you can often still get assistance
and support from the invoice finance company.
As single invoice finance can be used
when and where required or not at all, the companies that
provide it generally offer a high level
of customer service as it is this element which makes you
want to use the solution regularly. Consequently the spot
finance companies can only build repeat business by providing
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Further Invoice Finance Information:
Invoice Factoring - Reasons to use it for your business
Factoring - A Buyers