What is the difference between invoice discounting and factoring?

The difference between invoice discounting and invoice factoring is that with discounting, you retain control of the collection process and stay in contact with your customers directly, whereas with invoice factoring the business sells its invoices to a third party and then the factoring company chases the unpaid invoices and sends payment reminders directly.

Generally speaking, invoice discounting facilities are used to leverage cash from your entire ledger, which means you’ll forward every invoice to your lender, and then settle your debts as you collect from your clients.

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? Is invoice discounting a good idea? What does an invoice discounting company do?