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• 16 Oct

  Does Your Invoice Finance Company Have A Close Relationship With RPOs

  

  If you provide staff to RPOs, you might benefit from using a flexible RPO invoice finance company that has a close relationship with RPOs, we can introduce you to a funder with that close relationship.

  Umbrella Purchasing

  RPOs are an umbrella purchasing organisation for staff. Recruitment companies often deal with them as they hold a direct relationship with large end-debtors. These end debtors use their services to simplify the sourcing of temporary staff. Rather than dealing with many small recruiters, the end customer can deal with the RPO who in turn source the staff from the smaller recruitment agencies.

  Close Relationship With RPOs

  We have had some success at finding high prepayment recruitment invoice finance facilities for clients that deal with RPOs. As so many recruiters deal with RPOs, ensuring that staff agencies get the best prepayment levels can be very important to businesses within the staffing sector.

  The prepayments mean that you don't have to wait for the invoices to be settled by the customer, before being able to access the majority of the value of the cash that is tied up in the invoices. When you raise this type of finance across your whole sales ledger, it can release a large amount of working capital to assist with the payment of staff, PAYE/NI and other overheads.

  Therefore, it stands to reason that there will be benefits in dealing with an invoice finance company that has a close relationship with certain RPOs. It means that they have the internal contacts at some organisations e.g. in the accounting team, to be able to make a call to get assistance should the need arise.

  Healthcare Staff

  We have heard anecdotally that some RPOs have been very busy dealing with large requirements for healthcare staff, driven by the pandemic. If you are providing staff to the healthcare sector, and an RPO is one of your customers, we may be able to introduce you to an invoice finance company that has very good relationships with them.

  By Glenn Blackman