Tight margins, slow payers and weekly pay runs can all affect your cash flow – we could help
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We know that cash flow can be a major issue for many recruitment agencies. Particularly for those dealing with large volumes of temporary staff who need to be paid weekly, but only get paid by clients monthly.
We could help to manage your sales ledger, so you can focus on placing the right people in the right roles.
With invoice discounting or factoring, we could pay up to 90% of your invoices within 24 hours – the rest is paid later, less our service charges.
We could help you raise cash when you need it – for example, if you win a big order we could quickly approve a funding limit for your new customer without impacting your cash flow.
With FacFlow, you can access your invoice finance facility at any time of day or night, wherever you are in the world.
Releasing funds, enabling growth
Thanks to a factoring facility, this Glasgow recruitment company is on track to double its turnover. Major contract wins and a new commercial director are just part of the success story.
Factoring is a great facility that really works well for the business. We pay temporary staff on a weekly basis so the working capital accessed from the facility helps to bridge the gap while we are waiting for payment of invoices.
George Murphy, Managing Director of Global Recruitment Group