What is recruitment company finance?
It consists of 2 products, an invoice finance product with back office / payroll functions included. This enables you to pay the wage bill in advance of receiving funds from your customer.
Is it suitable for all recruitment businesses?
It can be suitable for both Temporary and Perms businesses who use some form of time sheets / satisfaction notes.
It is equally suited to new start or established businesses as the all in one facility means you spend less time worrying about finance and doing the admin and more time on growing your business.
What back office functions are included?
The funders which offer this service empty specialist teams just to administer this product. They chase payment from your customer, deal with the payroll, VAT and HMRC – freeing you time to concentrate on your business.
If you think this type of all in one facility would be of benefit to your recruitment business please get in touch.