Invoice Discounting or Invoice Finance is a flexible finance solution to business cash flow problems. In simple terms it is a line of credit associated with and secured by a business’s outstanding accounts receivable.
If your business supplies products or services to other businesses on standard trade credit terms, Invoice Discounting can assist in better managing your cash flow and improve working capital.
Conus Noble can pay up to 90% upfront on the face value of the completed work invoices due for payment for a period of up to 60 days.
Once approved, Conus Noble pays up to 90% of the face value of any invoices financed within 24 hours.
This service is confidential. Your customers will not know.
Our service covers the face value of completed work invoices due for payment in the period of up to 60 days, of part thereof.
You invoice your client directly, and upload the invoice to us at the same time. Within 24 hours we will pay up to 90% of the value of approved invoices. The remaining or residual balance of the invoice, less accrued fees is paid to you when the invoice is paid in full.
Invoice Discounting can be undisclosed or disclosed. If disclosed your customers will be made aware of Conus Noble’s involvement at the outset and ongoing as invoices are issued and uploaded.
If undisclosed, Conus Noble Clients do not need to advise their Customers that they are making use of our Invoice Discounting service. This means you continue to manage and collect your Accounts Receivable as normal.
NCI Insurance covers all completed work invoiced so that both Conus Noble and our Clients are fully protected in case a Customer defaults on paying for completed work that has been invoiced.