CID (Confidential Invoice Discounting) is another of the solutions within the Invoice Finance umbrella, used for solving cashflow issues for businesses who struggle with waiting out lengthy terms of payment. With an Invoice Discounting facility, it is completely confidential, which means your customers are not disclosed to the fact that a lender is involved in the payment process. You also retain control of your sales ledger, and can send out reminders for payment yourself. There are plenty of benefits to this type of facility, such as the client having no up front information explaining the fact that an Invoice Discounting partner is involved within the payment. Aside from the confidentiality of the facility, it runs very similarly to a Factoring facility. This type of finance is only available to larger companies, as the provider will not be as involved as in others facility.

CHOCCS is also a form of Invoice Finance. CHOCCS stands for Client Handles Own Credit Control Systems. The simple difference between a CHOCCS facility and other Invoice Finance products is that you will be in charge of chasing the payments owed to you on the invoices you have financed. It simply allows you to remain in complete management of your sales ledger, and your finances. A Confidential Invoice Discounting facility is a form of Invoice Finance where the customer is completely unaware a facility is in place. Factoringworks similarly, although it is fully disclosed that a provider will be involved in the process. The CHOCCS facility is hybrid of the two meaning the customer is aware of the lenders presence in the process, although no contact is made between them. The key benefits of this product is the ability to remain in consistent contact with your clients. With other facility this relationship may begin to break down, as the facility partner will be making the consistent contact chasing for payment. CHOCCS facilties are only available to more established businesses, as you must show proof to the CHOCCS provider that you have the capability to chase your own invoices in house.

Spot Factoring is another funding solution that allows businesses to get advanced payments against the value of an invoice. This product differs from the others as it specific to singular selected invoices. Most invoice finance facilities are whole turnover, where facilities of this kind give you the ability to pick and choose invoices you need advanced. Perhaps a client has lengthier terms of payment, and it impacts your cashflow, this scenario is perfect for a spot factoring facility. This type of facility can be more expensive per invoice than a more traditional form of Invoice Financing, although we can calculate this for you to ensure you won't be overpaying for the facility, further helping you maintin your cash flow, and working capital balance.