Create an Invoice Discounting Product
Invoice Discounting is a financial arrangement where a supplier borrows against its accounts receivable without selling them.
The supplier retains control of its sales ledger and collects payments directly from customers.
In order to create a Invoice Discounting Product you need to:
Create a Product Group and Structure for a Invoice Discounting Product
Apply the created Product to a Deal
Product Group
Product Groups work as your product templates. Once you set up a specific Product, it can be used for multiple programmes and clients.
Name | Unique and recognisable for your Team |
Type | Loan (with receivables as collateral) |
Anchor | Seller |
Instrument | Invoice |
Description | A summary of what the Product Group represents |
Product Structures
Navigate to the Product Management Section -> Product Structures
Click on the “Add New Structure” button
Product Structure
Product Structures define the workflows of your products. They are specified after the product group, as the structure and workflows within it directly influence the product you select.
Similarly to Product Groups they work as templates and can be assigned to multiple clients/ Deals.
Name | Invoice Discounting |
Product Group | Choose the Product Group you just created |
Recourse to supplier | Yes |
Silent/Undisclosed | Typically, yes |
Workflow Settings
Instrument Upload/ Submission by | Seller |
Payer approval required | No |
Repayment by | Seller |
Repayment Reconciliation By | Admin or Deal Manager (Funder) |
Finance requested by | Seller |