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Stories Tagged ‘settlement discounts’

Settlement discounts can make a very valuable contribution to the bottom line of a company. I have recently looked at 2 invoice finance requirements where the companies were looking to access cash with a view to taking advantage of settlement discounts from suppliers.

One company was able to negotiate a discount of 5% and the other was able to negotiate a discount of 3%. Given their turnover this discount made a considerable contribution to their profits. This has to be compared to this costs of an invoice finance facility but in both these instances it was a viable model for increasing profits.

It could be worth exploring what settlement discounts are available to your business from it’s suppliers. Remember to explore what invoice finance options are open to your business and be sure to understand the full costs involved.