Waiting 30, 60 or even 90 days for your invoices to be paid by your clients can be frustrating. It limits your business’ ability to grow and deliver on new orders or support new clients.
At Sourcefin, we understand the importance of easy acces to cash flow and that’s why our invoice discounting solutions make it easy for you and other South African business to access the cash you need. We acknowledge the amazing work you’ve done by paying you early for the invoices you’ve already submitted.
Our open-minded approach to invoice discounting means that we try to make your application work, even if you are a startup / SME or have been rejected by others
Whether you have delivered to government or a private client doesn't matter to us; we provide invoice finance on an approved invoice from an approved purchaser
Our specialists will validate and follow up with your client to make sure your invoice has been approved and that you get paid after delivery
We offer more than just invoice discounting. We offer specialist support for business processes and seamless operations to help you grow your business with ease
We simplify the entire invoice finance process to make it easy for you to secure the cash you need.
STEP 1
First, answer a few simple questions to see if we’re the right fit for you. Second, provide basic business and personal information effortlessly supported by automation. Finally, tell us about the deal so we can prepare to provide you with invoice discounting.
STEP 2
Using cutting-edge automation and state-of-the-art credit qualifications, we strive to make every invoice discounting deal work through careful assessment, even when other funding firms can’t. Our friendly consultants will make sure you understand everything and help you every step of the way without hidden fees or costs.
STEP 3
Once your invoice finance is approved, Sourcefin will pay you a portion of the invoice value. We’ll keep track of the expected payment date and follow-up with your client when needed. We’ll let you know once the invoice has been paid and take our original advance plus any interest due to us. You’ll keep the rest to grow your business!
Sourcefin is your ultimate invoice finance partner, providing you with quick and easy funding on your next invoice. We deliver:
Like us, you’re targeting growth. By building a lasting partnership we can grow together. Start growing your business today with your invoice discounting partner of choice.
Ready to secure easy invoice discounting funding?
At Sourcefin, we recognise the importance of staying current with the latest trends and best practices in invoice discounting. Our blog is dedicated to providing entrepreneurs with valuable insights, expert advice, and practical tips on optimising their financial strategies. From understanding the fundamentals of invoice finance to exploring advanced techniques for managing cash flow, our articles are designed to help you succeed. Visit our blog to stay informed and make the most of your invoice funding solutions.
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Invoice discounting is a financial service that allows businesses to unlock cash tied up in unpaid invoices. It provides immediate working capital by advancing a percentage of the invoice value, improving cash flow and operational efficiency.
Invoice discounting is also known as invoice finance, invoice factoring, invoice funding, and accounts receivable financing.
While both services advance cash based on unpaid invoices, invoice discounting provides funding secured by an unpaid invoice which remains the ownership of the business receiving funding. Invoice factoring involves the funder purchasing the ownership of the invoice from the business receiving funding at a discounted price.
No, invoice discounting is a form of invoice finance. Both terms refer to the process of advancing cash based on outstanding invoices, but invoice discounting specifically keeps the business in control of customer relationships and collections.
Invoice financing offers several benefits, including improved cash flow, the ability to take on more significant projects, reduced reliance on traditional loans, and quicker access to funds than waiting for customer payments.
With Sourcefin’s invoice funding, businesses can access funds as quickly as 24 hours after submitting their invoices, providing a fast and efficient solution for cash flow management.
Invoice discounting is suitable for businesses of all sizes that issue invoices to customers on credit terms. It’s particularly beneficial for businesses experiencing growth or dealing with long payment cycles.
The costs of invoice financing vary depending on the provider and specific agreement terms. Generally, there are service fees and interest charges based on the advanced amount and the time taken for the invoice to be paid. With Sourcefin, there are no service fees. Interest is charged on the capital advanced.
Applying for invoice discounting with Sourcefin is straightforward. Fill out our online application form, provide necessary details about your invoices, and receive a decision quickly to access the funds you need.
To apply for invoice funding with Sourcefin, you typically need to provide copies of your outstanding invoices, proof of delivery or services rendered, and basic business information. Our team will guide you through the documentation process.
If the invoice is valid, legitimate, and over R320,000, Sourcefin could be the funder for you. Remember, there should also be sufficient evidence that the purchaser is able to pay for the work completed in full and on time.
Yes, invoice discounting can be used alongside existing loans. It provides an additional cash flow solution without affecting your current loan agreements.
Sourcefin offers tailored invoice discounting solutions to meet your specific needs. We provide fast access to funds, maintain your customer relationships, and offer competitive rates to help you manage cash flow effectively.
Sourcefin stands out for its personalised service, quick funding turnaround, and expertise in financial solutions. Our team works closely with you to understand your business needs and provides customised invoice finance options to support your growth.
Sourcefin is a finance specialist providing a comprehensive suite of services for delivering on purchase orders. This includes PO funding, sourcing goods from our network of suppliers, handling all logistics, and offering expert guidance to ensure the successful delivery of your requirements. Additionally, we provide invoice discounting services to help manage your cash flow efficiently.