In simple words exchange your unpaid invoices for immediate payment.
Though the term may sound complex, the concept is in fact straightforward. When your business delivers products or services to its customers on trade terms, you will receive payment at a later date. In the meantime, you raise invoices, which are account receivables on your Balance Sheet. However, these current assets signify a potential cash resource which at present remains idle.
In order to unlock cash flows against your unpaid invoices, HRE will assist you through our invoice discounting service. This is the sale of unpaid invoices at a discount to the face value, allowing your business to remain viable, competitive and profitable.