Invoice factoring releases your company from cashflow pressures by fully outsourcing the ledger to a lender. They will chase down payments and issue invoices for you. You just forward them an invoice and get the payment instantly. Payment protection is available to ensure you never have to worry about bad debt again.
Invoice discounting is a low cost credit line, similar to factoring but chasing payments and issuing invoices is done by you. Unlike factoring this service is confidential and your customers will not see anything from the lender.