IDeal™ is a system used for invoice finance users, releasing cash tied up in unpaid customer invoices, without the administration of a traditional invoice discounting facility. It allows users to remain in full control of maintaining your sales ledger, credit control and collection activities.
How does IDeal™ work?
This market leading online system integrates with hundreds of variations of accounting software packages such as Sage, Xero, Pegasus and Microsoft, making it easy to set up, with daily automated reconciliation.
It will extract a copy of the sales ledger in real time. Users can log into the platform, click to update their up-to-date accounts data, and access up to 90% of an outstanding invoices value, instantly.
It combines uploads and 24/7 access to cash from anywhere in the world, saving time and ensuring business runs smoothly and uninterrupted.
How is IDeal™ different?
Traditional invoice discounting solutions often require a separate manual reconciliation. This adds workload and accounting expenses, as well as the opportunity for mistakes to happen.
Automatic reconciliation from IDeal™, for invoice payments, gives more time to focus on core business activities and can save costs.
Five reasons to start using IDeal™:
1. Fully automated
Incorporating this system will improve productivity and consistency. Reducing time and effort for finance teams with high quality results.
2. Live availability of funds
Access cash as and when needed, allowing flexibility for business to invest and adapt.
3. Seamless integration
With no interruption to your current systems or operation, IDeal™ works with almost 300 variations of accounting software and ensures completely control of your facility from day one.
4. Dedicated support
A client manager supports every business using invoice discounting with Close Brothers Invoice Finance. Rather than facing call centres or computerisation when contacting your funder, we have a dedicated point of contact to support you.
5. Completely confidential
You remain in control of collecting payments from customers. Your clients won’t know if invoice finance is being used and will experience no disruption or changes when used.
Manage business cash flow with complete peace of mind, contact us to learn more about invoice finance options and how IDeal™ can support business.
