We have recently been contacted by a company offering spot invoice discounting. I was very excited as we often get requests from businesses looking to discount a single invoice on a confidential basis. I thought that this was the solution.
In essence it is badged up as invoice discounting because the client does the credit control. In fairness the same could be said about spot factoring. The credit control is also done by the client. In both spot factoring and spot invoice discounting the customer/debtor is required to pay the lender directly.
Unfortunately, to my knowledge there is not confidential spot factoring or spot invoice discounn available as I type.
If anyone know different please let us know.
