Under a Confidential Invoice Discounting facility, Hermes provides working capital to a business by buying its unpaid customer invoices (debtors) for immediate cash on a confidential basis.
How Hermes Works
The business raises its invoices as it normally would on delivery of its goods or services.
Copies of customer invoices are forwarded to Hermes for processing.
Hermes advances funds against the value of the invoices purchased – within 24 hours.
As the client’s customers pay their invoices, Hermes releases the remaining previously unpaid balance less a small fee and any credits or discounts
Under Confidential Invoice Discounting, the debtors are NOT notified of the business’ funding arrangements with Hermes.
Hermes provides factoring facilities from $0.5m to $10m
