Helping Recruitment firms get their midweeks back
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Recruitment Finance is a combined invoicing, funding, collections and payroll solution, designed to ease some of the cash flow and time pressures that many UK recruitment agencies face.
Improve your cash flow
Recruitment Finance boosts your cash flow by providing an immediate injection of cash into your business against the value of your outstanding invoices.
Each time you raise an invoice Bibby Financial Services will release up to 100% a percentage of its value within 24 hours. This provides both an immediate and ongoing supply of cash linked to your sales, So as your business grows so does the amount of funding available to you.
Spend less time chasing payment and more time chasing new business.
In addition to the cash that we provide, we can also save valuable management time. We provide a complete credit control service, where our dedicated and experienced team will:
- Issue Invoices - we prepare and send out invoices on your behalf using your agency’s corporate style and branding.
- Prepare statements
- Telephone all your customers
- Chase and collect outstanding invoice payments on your behalf
- Maintain professional and detailed accounts of your transactions.
Always balancing the sensitivity of dealing with your customers with the need to collect invoice payments quickly and efficiently.
Professional payroll services
We can also provide a fully comprehensive payroll facility for both your staff and candidates placed we can:
- Calculate net wages and salaries payable;
- Prepare and dispatch pay slips to staff/candidates placed;
- Calculate, retain and submit payments in respect of National Insurance/PAYE & VAT;
- Maintain statutory sick pay and statutory maternity, adoption and paternity pay records;
- Complete end of year payroll returns such as P35 & P60 forms;
Online Agency Management Tool
Our unique Online Agency Management Tool allows you to view client and candidate performance at the touch of a button. Learn how you could save valuable management time through our suite of videos, demonstrating the key features of the tool.
Stay in control of your finances
To help you stay in control of your customer accounts we can provide access to our fast, secure and easy to use online system which provides 24 hour access to your account information, enabling you to keep track of payments received and the amount of funding available to you. View our client access demonstration.
