• 18 Jun

    Recruitment Factoring Companies

    Recruitment factoring companies are specialists that offer cash flow acceleration solutions to recruiters.

    FundInvoice can help you find and compare quotes for these services to help you access the best rates and terms.

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    Recruitment Factoring Companies

    Firstly a quick explanation of what this service includes.

    See also: Recruitment Invoice Finance for a full explanation of the range of funding services for recruiters.

    What Is Recruitment Factoring?

    Recruitment Factoring CompaniesRecruitment factoring is specifically tailored to the needs of recruiters and staff agencies.

    It normally includes one or more of the following services:

    • Prepayments against sales invoices - no more waiting for customers to pay, cash received in 24 hours
    • Credit control support - help chasing in debtor payments where needed
    • Payroll management services - outsource your payroll administration
    • Bad debt protection - options protection if required
    • Other administration services (optional)

    Finding A Recruitment Factoring Company

    Recruitment factoring companies specialise in offering these services to the recruitment sector. Their products can range in terms of the extent to which they support your business with a package of services. This can range from just the provision of funding against invoices to a full-service arrangement whereby the finance company handles most of the back-office administration involved with running a recruitment business.

    You can choose the type of service you prefer as there are many recruitment factoring companies.

    FundInvoice can help you select providers from the market that offer the services that will best match your company's needs.

    The Benefits Of Recruiter Factoring

    Using a recruiter factoring service provides improved cash flow and reduced administration. This frees up the prime mover's time to focus on important issues such as making placements and finding new candidates.

    Unlike many other forms of business finance, it can also be available to new startups without any track record. It can be ideal if you are thinking of starting your own agency.

    Further Information

    By Glenn Blackman

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Examples of funders we work with:

closebrothersinvoicefinance
pulse cashflow finance
seneca
bibby
nucleus
inksmoor