Is invoice discounting a good idea?

Invoice discounting is a good option is you carry out in-house credit management processes and have good relationships with your customers. It is also a good idea if you want to keep our involvement confidential. Businesses looking for this facility usually need to have a higher turnover of around £500,000 plus. Otherwise, Invoice Factoring would be more suitable for a business looking to outsource their credit control and not have the confidentiality in place.

What is confidential invoice discounting? How do I transfer from my existing invoice discounting provider? Our company has recently experienced rapid growth, would invoice discounting be a viable option? Is invoice discounting long term or short term? What is the difference between invoice discounting and factoring? What does an invoice discounting company do?