We can provide you with a range of automated business processes and financing options that are designed to bring about both business operating efficiencies and cash flow improvements, enabling you to focus on the key tasks of business development, sales and management.
Our facilities combine invoicing, funding and collections with the PayDynamics payroll solution to provide a time-saving service for recruitment companies. Our recruitment company clients enjoy:
- Immediate access to working capital - 90% of the value of your unpaid invoices into cash within 48 hours of them being raised.
- A single fee that covers administration and funding.
- No time wasted on administration tasks from engaging separate funding and payroll providers.
Whether your business is expanding or established, our funding offers flexibility and growth opportunities to your recruitment business.
Advantages of factoring
1) A large and quick boost to your cash flow
- Up to 90% of the funding of your invoices can be made available to you within 24 - 48 hours of invoices being generated.
- A continuing source of working capital, you will get paid earlier, allowing you to reduce your capital base requirements.
2) Reduce the time you spend on credit control
- We take over the responsibility of recovering debt and outstanding invoices, which will free up time to concentrate on your core business.
3) A more responsive alternative to business overdrafts and loans
- Factoring is a competitive business and as such it is competitively priced. It is more than likely that overdrafts, loans and mortgages would cost you more time and money than our factoring fee and are less responsive.
4) Business credit rating is not an issue
- You may qualify for factoring even if you are a young company. You may even be able to improve your credit rating and financial statements by using our services.
5) Efficient handling of all your invoicing
- We will run a very efficient sales ledger for you. We provide a professional service that treats your customers as if they were our own.
