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Recruitment Pay & Bill Finance

Payroll and back-office funding allows your recruitment business to spend its time on what you do best – recruitment. This type of facility pays temporary staff or contractors (weekly, biweekly or monthly), invoices clients directly and manages timesheets (online or manually) with the provision of full back-office systems to manage the pay and bill process.

Typically, there is no set-up, minimum, or monthly fee – just pay as you go payroll with one fixed fee on the invoice value.

How does Recruitment Pay and Bill finance work?

You upload candidate and client details on the providers system.
Timesheets are uploaded or approved online.
Candidate gets paid by the provider.
Client gets invoiced by the provider (in your name and branding).
You get your profit/margin weekly minus the provider's fee.
The outstanding money gets paid to the lender by your customer when due.

Advantages & Disadvantages

Often no set up or minimum fees just a fixed service fee %

Back office systems included normally with no charge

Pay your workers instantly

Quick and easy to set up

No trading history required

It relies on the credit worthiness of your customer (we can help check this for you)

It only works for business to business sales

Help Me Choose?

Why not let us help you decide which financial product is right for your business? As well as Factoring and Invoice Discounting there are other options out there such as Choccs, Confidential Factoring and Spot Factoring which may be more suitable for you. All lenders offer a different selection of products and have a different funding criteria.

We can tell you what the right product is in 4 easy steps by using our Help Me Choose Tool.

Help Me Choose

Can’t decide?

Find out now

Invoice Finance

Compare Quotes

1. Do you currently use Invoice Finance?

2. What is your estimated annual turnover?

3. How much do your customers currently owe you?

4. How old is your business?

5. Where would you like your quotes sent to?

6. Just a few more details to make sure we get the quote made out correctly

How does Recruitment Pay and Bill finance work?

Would you like more information?

01322 741425

Let's Chat

hello@compare-factoring.co.uk

Advantages & Disadvantages

Often no set up or minimum fees just a fixed service fee %

Back office systems included normally with no charge

Pay your workers instantly

Quick and easy to set up

No trading history required

It relies on the credit worthiness of your customer (we can help check this for you)

It only works for business to business sales

Help Me Choose?

Help Me Choose

Compare
Quotes Now

Need Invoice
Discounting?

Invoice Finance

Compare Quotes

1. Do you currently use Invoice Finance?

2. What is your estimated annual turnover?

3. How much do your customers currently owe you?

4. How old is your business?

5. Where would you like your quotes sent to?

6. Just a few more details to make sure we get the quote made out correctly

How does Recruitment Pay and Bill finance work?

Would you like more information?

01322 741425

Let's Chat

hello@compare-factoring.co.uk

Advantages & Disadvantages

Often no set up or minimum fees just a fixed service fee %

Back office systems included normally with no charge

Pay your workers instantly

Quick and easy to set up

No trading history required

It relies on the credit worthiness of your customer (we can help check this for you)

It only works for business to business sales

Help Me Choose?

Help Me Choose

CompareQuotes Now

Need InvoiceDiscounting?

Compare
Quotes Now

Need Invoice
Discounting?