Bridge your agency’s cash flow gap with Recruitment Invoice Discounting
How can Recruitment Invoice Discounting take my business forward faster?
Recruitment Agencies frequently have to pay contractors on a weekly basis. However, we appreciate that you may well not receive payment from your customers until several weeks or months after the due dates on your invoices.
For most recruitment agencies, debtor balances are by far the largest assets in their balance sheets. However, they may turn into cash at a much slower rate than the business would like, often representing two or three months’ sales.
Simply Business is, therefore, delighted to announce that it has partnered with Aldermore Bank, the UK's leading Recruitment Invoice Discounting specialist.
Aldermore’s Invoice Discounting facilities increase the velocity at which cash flows into your business. Since they are able to advance up to 85% of the value of your sales invoices within 24 hours of raising them, the effect is the same as if your debtors had paid on receipt.
An Invoice Discounting solution is particularly effective in situations where an agency has an effective credit control resource. With recruitment agencies, we recognize that your customer base is your lifeblood. With Recruitment Invoice Discounting, you are able to retain complete control over your customer relationships. The facility is also confidential, so your customers remain unaware of this financial arrangement.
How easy is it to arrange Recruitment Invoice Discounting through Simply Business?
Simply Business have developed a simple three stage process by which you can obtain the maximum benefit of Recruitment Invoice Discounting facilities with the minimum of effort:
1. Simply complete our straightforward, quick response form to receive a call back from a member of our experienced team to talk through your requirements with you.
2. You will then be referred to one of the Aldermore industry specialists who can either provide you with a email quotation or arrange a face-to-face appointment
3. If you are happy with the quotation, Aldermore will discuss with you the next steps towards putting a bespoke facility in place that will match your ambitions for growth.