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Showing posts from September, 2022

What Is Invoice Discounting & How It Works? - Mynd Fintech

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  Invoice Discounting is a financial practice adopted by businesses to support their working capital requirements in a hassle-free and cost-effective manner. Invoice discounting (also known as invoice factoring) is the procedure of selling your unpaid invoices, generally within 30 days, to an invoice financing company who then pays you immediately against the outstanding cash value of your debtors’ payments. The money you receive is based on the discounted rate and finance charges depending upon which product and provider you use. For more information about this blog, visit the blog's website:- https://myndfin.com/invoice-discounting/

Early Payment Discount

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If you have a customer who is having a temporary cash flow problem, Mynd Fintech can help you with an   Early Payment Discount . This discount fixed-fee allows the customer to pay their outstanding invoices and liabilities before the due date, either partially or fully. We offer this as a solution to people who need working capital or fast access to cash but do not want to give up on their payment terms or feel they are losing out by paying early. It also saves you valuable time by relieving you of the burden of repetitive reminders and collection letters as we manage all such tasks on your behalf until the liability has been cleared Visit To Know More About This  Blog:-  https://myndfin.com/early-payment-discount/