As an African business, navigating the global marketplace requires strategic financial planning and efficient cash flow management. One powerful tool at your disposal is Invoice Discounting, a flexible financing solution that allows you to access immediate working capital by leveraging the value of your unpaid invoices.
In this article, we will explore how Invoice Discounting works, its benefits, and how Fluna's Invoice Discounting service is tailored to meet the unique needs of your business.
Invoice Discounting: A Brief Overview
Invoice Discounting is a form of trade finance that enables businesses to convert their unpaid invoices into immediate cash. Unlike traditional factoring, Invoice Discounting allows businesses to retain control over their sales ledger and customer relationships, maintaining privacy and independence.
The process is simple: you deliver goods or services to your customers and issue invoices with agreed payment terms. Rather than waiting for your customers to settle these invoices, Fluna steps in to provide an advance of up to 80% of the invoice value, granting you access to working capital within 24 to 48 hours.
Empowering Your Business with Invoice Discounting
Invoice Discounting offers several advantages for African businesses seeking to optimise their cash flow and seize growth opportunities:
Fast and Convenient: Fluna's Invoice Discounting process is designed to be efficient and hassle-free. With quick evaluation and approval times, you can access the funds you need to keep your business running smoothly. Our Invoice Discounting solutions also come with flexible loan tenures of up to 60 days, perfectly aligned with your payment cycles.
Tailored Financing Solutions: Fluna understands that every business is unique and that one-size-fits-all approaches don't work. Our Invoice Discounting solutions are customizable to suit your specific needs, ensuring you have access to the right amount of working capital when you need it most.
Preserving Customer Relationships: Unlike traditional factoring, Invoice Discounting allows you to maintain full control of your customer relationships. Your customers are unaware of the arrangement, and you continue to handle collections, protecting your business reputation.
Boosting Growth and Investment: By unlocking the value of your outstanding invoices, you can invest in critical areas of your business, such as expanding production capacity, launching new products, or venturing into new markets.
Strengthening Negotiation Power: With immediate access to working capital, you can negotiate better terms with suppliers, take advantage of early payment discounts, and enhance your overall cash flow position.
Accessing Invoice Discounting with Fluna: A Seamless Process
Partnering with Fluna for Invoice Discounting is a straightforward and transparent process. Because we are industry-agnostic, it is available to businesses from various sectors. Once your African business has been operating for at least two years, you can access Fluna’s Invoice Discounting.
Here's how to access it:
Submit Your Invoices: When you deliver goods or services to your customers and issue invoices with payment terms, simply submit these invoices to Fluna through our user-friendly platform. All you need to do is create an account on our platform and complete our verification documents.
Fast Evaluation: We know that every moment counts, especially when seizing growth opportunities in the fast-paced global market. Our streamlined process ensures Fluna's expert team conducts a swift evaluation of your eligibility for Invoice Discounting. Fluna's expert team conducts a swift and efficient evaluation of your eligibility for Invoice Discounting. Once Fluna has completed verification and established alignment, a credit decision will be shared with you within 72 hours.
Receive Your Advance: Upon approval and all necessary applications being completed, you can receive an advance of up to 80% of the invoice value within 24 to 48 hours, empowering you with the working capital to fuel your business growth.
Flexible Repayment: Once your customers settle their invoices, you repay the discounted amount to Fluna, along with a small fee for our services. Repayment terms are customised to align with your cash flow and sales cycle.
Fluna is not just a financial provider; we are your strategic partner in business growth, and Invoice Discounting with Fluna presents a powerful opportunity for African businesses to unlock their working capital and fuel growth in the competitive global market. Contact Fluna today to discover how our Invoice Discounting solutions can empower your business to reach new heights and achieve success in the dynamic world of international trade.
Get started today: https://fluna.co