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As a new recruitment agency owner, financing your business may well be a key concern. The right agency funding solution can give you a competitive edge from the get-go and enable expansion at a pace that suits you. The careful management of cash is essential to ensure that your agency remains viable.

How it works

Invoice financing is a process for you - as the agency - to borrow money against what customers owe you. Enabling you to receive most of the invoice cash value straightaway, rather than waiting weeks or longer to get paid.

So as your turnover grows, so does the level of finance to cover it, offering complete flexibility. Often a credit control function is also presented within a funding solution, ensuring debt is managed thoroughly from day one.

 

Selecting the right company

Choosing an industry specific, experienced financial provider can provide essential knowledge, processes and assurance from the off. As a start-up, your time then can be best placed focusing on the agency and building a successful business.

 

What can be gained by agency funding?

  • Healthy cash flow – bridging the gap between invoice payments and ensuring weekly payroll is maintained. Late customer payments and bad debts can cripple a business
  • Peace of mind – workers are paid correctly, on time every time
  • A cost saving solution – no need to employ internal staff dedicated to invoicing, credit control and back office functions
  • Debt insurance – a safety net, protecting you and your business
  • An affordable solution – the cost of accessing such funding has fallen considerably over the years
  • Less stress and worry – matters are dealt with by the finance provider
  • Increased time available – to win and retain more business, reinvesting in operations
  • A flexible solution – enabling you to grow your business as you want to, accessing only those funds that are required, when needed
  • A software platform – often gaining access to a software facility to manage the rest of your agency efficiently

How we can help

At Flo, our CashFlo product is designed to offer customers a really practical, reliable funding solution. To meet the ever increasing cash flow demands of your agency business and to make sure it's fully in line with our guarantee, to make the work lives of our customers easier.

Our services can be tailored to meet the very specific needs of your business and your circumstances. Our online portal allows all time-and-charge data to be held on the system and easily approved by your client. Our expert team will support you in collecting payments due, providing online reporting and management information too. 

 

What our customers say

" By reducing the stress and worry of cash flow, payroll issues, invoicing and agency software, we have been able to confidently grow our business through the flexible approach that Flo have demonstrated to us. We are happy to recommend Flo Backoffice's solution to any recruitment agency and we look forward to continuing our relationship with them over the coming years."

Adele Smith, SAS Personnel Ltd t/a Coast2Coast Care

 

If you would like to learn more about how Flo can help you set up a successful temporary recruitment business, you can contact us on 01827 438065 or info@flo.co.uk

 

 

 

Photo by Scott Graham on Unsplash 

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