Invoice Financing
Invoice Financing is part of debt factoring. It is a bridging finance which covers gaps created by a mismatch of cash inflows and outflows. It is also used as a hedge against inflation wherein, a client will realise some value of their sales when they go the factoring route
All local debtors whose credit period will not have expired qualify for the invoice financing facility. If an invoice is past its due date it does not qualify for the product.
Features and benefits
Cash flow advantage
In this inflationary environment, the purchasing power of our currency is losing value and for our customers who offer credit terms the time value of money comes into play. On raising an invoice, Zimbank asset finance can advance up 80% of the invoice face value.
Flexibility
Invoice financing assumes two product forms:
Confidential Invoice
Financing (CIF) and Disclosed Invoice Financing (DIF)
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