Case Study 2 – factoring for recruitment businesses
Factoring for Recruitment Businesses
A recruitment business that had been using one of the well known payroll / invoice finance companies for over two years approached us as they wanted to change due to a continuing catalogue of errors and inefficiencies.
Frequent errors were made on the payroll, payments from customers weren’t allocated properly and the credit control was so poor that the recruitment company ended up doing it themselves, otherwise no-one would have ever paid. We introduced them to a factoring company that was recognised throughout the industry for the quality of it’s service and also to a separate accounting bureau that specialised in payrolls.
This resulted not only in the recruitment company being looked after in a far more professional manner but they also made considerable cost saving in the process