You can use an invoice finance for many purposes, including:
Some of the benefits of invoice discounting include:
You conclude a Factoring Framework Agreement with us and we commit to purchasing accounts receivable from you. We verify your customers credit ratings and for each one we define a maximum value for the accounts receivables we will purchase. Each day you send us the invoices that you have assigned to us and if the receivable is within the defined maximum value we make payment to you within 24 hours. If the customer does not pay by the due date we commence a pre-agreed collections process. We keep you informed at all times so that you always have the opportunity to intervene to preserve your relationship with your customer.
Customer funds are safely held within a central bank of Ireland regulated bank account and can never be accessed through the GRID Finance platform.
GRID Finance are committed to ensuring that your data is secure at all times by adhering to the data protection laws (1998, 2003) and the European Union e-Privacy directive which became law in Ireland in 2011.
Your information is encrypted right from registration. We use the latest 256-bit encryption to ensure that your information is always safe.