What is Invoice Eligibility?

Invoice eligibility defines the formal conditions and verification standards an accounts receivable document must meet to qualify for invoice discounting or short-term receivables financing. When a business delivers goods or completes contracted services in Ghana's B2B ecosystem, not all issued invoices are instantly financeable. Financial partners require specific assurances regarding performance, legal validity, and buyer creditworthiness before unlocking working capital.

At Built Float, invoice eligibility focuses on genuine corporate deliveries where work is completed and verified—ensuring fast disbursement without unnecessary corporate friction.

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Core Criteria for an Eligible Invoice

To be deemed eligible for financing on Built Float, an invoice must fulfill several standard financial and operational benchmarks:

1. Completed Performance (No Pro-Forma or Stage Billings): The invoice must reflect goods that have already arrived at the client's warehouse or services rendered. Pro-forma estimates and advance payment claims do not qualify.
2. Supporting Documentation: Eligible invoices are accompanied by verifiable proof of delivery, such as an accepted Goods Received Note (GRN), a signed waybill, or a service completion certificate.
3. Creditworthy Commercial Buyers: Invoices must be drawn on established private-sector B2B corporate buyers (e.g., FMCG manufacturers, retail distributors, telco vendors). Under Built Float's risk parameters, government contracts and heavy public infrastructure construction projects are strictly excluded due to chronic payment delays.
4. Unencumbered Receivables: The invoice must be free from pre-existing liens, factoring assignments, or legal disputes.
5. Standard B2B Payment Terms: The agreed invoice duration typically falls between 30 and 90 days.

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The Built Float Verification Approach

Traditional financial institutions often require buyers to sign a cumbersome Notice of Assignment, alerting customers that you are borrowing against their bill. Built Float eliminates this friction.

Instead, Built Float acts as a professional extension of your finance department. We conduct a courteous invoice verification call with your customer's accounts payable team to confirm the invoice details, verified amounts, and scheduled disbursement dates. Once confirmed, your invoice is fully eligible for discounting.

[ Delivered Goods / Service Completed ]
                   │
                   ▼
    [ Commercial Invoice + Signed GRN ]
                   │
                   ▼
   [ Built Float Verification Call ] ───▶ Verified? ──▶ Eligible (Disbursed in 24-48 hrs)
                   │
                   ▼
     (Disputed or Unconfirmed = Ineligible)

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Advanced Insights: Managing Ineligibility Dilution

For high-volume Ghanaian suppliers running multi-million GHS ledgers, managing dilution risk is critical. Ineligibility commonly occurs when:

• The buyer retains the contractual right of return for perishable goods.
• Invoices feature contra-accounting arrangements (where your buyer is also your vendor).
• Supplier concentration limits exceed prudent portfolio allowances.

Ensuring clean purchase orders, prompt proof-of-delivery collation, and structured payment terms protects your eligibility status and keeps your cash flow moving.