The recruitment industry is notably fast-paced and competitive. Recruitment agencies can specialise in temporary or permanent placement, with many also offering both services to candidates.
Each of these services can pose varying levels of risk for the recruitment company and both have different implications for a business’s cashflow.
Temporary recruitment has the biggest impact on a recruiter’s cashflow as the candidate remains on the payroll of the recruitment firm. The firm must therefore invoice the debtor for these salaries and is paid on terms.
This creates a need for invoice finance, as the recruitment firm needs funds to pay candidates (usually on a weekly basis), yet often has lengthy payment terms with their client.
Our invoice discounting solutions all you to get an advance against your outstanding customer invoices – either on a selective or whole ledger basis. If you choose to add on credit control, you can get the benefits of credit collection support on a fully confidential basis.
It’s quick and easy to access funds, which means you can get the cash flow you need to get on with business. With MarketInvoice, you get:
We help and support a variety of temporary recruitment companies to take control of their cashflow. You can get up to 90% of the face value of your invoice within 24 hours.
You can find out more about how we help temporary recruiters here.
We can support permanent placement invoices but only fund invoices which can’t be disputed (e.g. if there is a 50% rebate, then MarketInvoice would fund up to 50% of the invoice face value). We usually review the contract between the business and their debtor first. The business has to have £1 million in revenues.