Invoice Finance for the recruitment industry
How can I grow my business when I need to pay my temps weekly?
Can I outsource some of the back office function i.e credit control, administration and payroll?
Is there a way of only invoice financing only a select few customer accounts, the rest pay on time?
Above all industries, recruitment is the biggest user of invoice finance to date. As a result, many providers have set up to specialise in servicing your industry. Not only can invoice finance provide the necessary working capital to fuel your business growth. It can now also offer a whole back office support function. This optional add-on is a fully comprehensive payroll service designed to deal with the entire back office process from time sheet processing to the paying of staff.
With staff to pay every week coupled with late paying customers means that cash flow is often a business’s worst nightmare. In these instances an invoice finance facility can be use to generate stabilise and regulate cash flow.
Factoring / invoice discounting will often grant businesses such as yours up to 95% of your outstanding / unpaid invoices. Thereafter you can expect the same advance each and every time you complete your job, with the balance of the invoice being paid back to you in full once paid.
JKB are specialists in factoring and invoice discounting products we have a range specifically designed products for your trade.
We can help:
• businesses with an annual turnover between £50,000 – 50M
• disclosed and confidential facilities
• Single debtor finance
• 30 day, 3 or 6 month short term contracts.
• Expert credit control or own collection services
• bad debt protection cover, indemnifying your business against bad debts
• A fully comprehensive payroll service
• Back office administration.
Regardless what variation you are looking for, if your business is looking to finance temporary or permanent turnover, we can source your perfect partner.
Remember that if we cant help, you don’t pay. Please click on the above online quote button, of call us on 01245 476434 where we will be happy to discuss your requirements.