Academy · Supply side · for suppliers
Invoice discounting: early payment on an invoice your anchor has approved
Get an invoice to the point where it can be offered (approved by your anchor and clear of any other financing, assignment or pledge) and read the cost, the deductions and the recourse shown to you under the documented terms before you accept or decline.
The readiness gaps this closes
Gap this module closes
Your anchor does not approve or confirm your invoices before they fall due
Early payment is built on your anchor’s approval, not on the invoice alone: under the documented terms only an approved invoice can be offered for invoice discounting, and reverse factoring rests on invoices your anchor has confirmed. An anchor that approves your invoices on its own system, or confirms them in writing, before the due date is what makes the invoice financeable.
Gap this module closes
Invoices or orders you would offer are already financed, assigned or pledged elsewhere
Under the documented terms an invoice already promised to someone else means you will have to repay it yourself, even on a product where you normally would not, and under purchase order financing a security interest over the financed order, the goods and their proceeds is registrable. One invoice, one home: know what is already registered against your business’s assets, offer only what is unencumbered, and say so before you are asked.
When the Academy opens
This module will be delivered through the Academy with your progress and completion recorded, reached from this site without a second login. Until then the short version above covers the essentials.