HOW TO SECURE AN INVOICE FINANCE ARRANGEMENT FOR A NEW RECRUITMENT AGENCY

Two hands shaking reflecting an arrangement has been made

When a new recruitment agency launches, its directors may initially look at making permanent placements to build up some cashflow as they do not believe they would be eligible for funding on contract placements. They may also look at Pay-And-Bill solutions as a way of funding their contractors without understanding that this can be an expensive…

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INVOICE FINANCE COSTS EXPLAINED

Invoice Finance Costs Explained.

Invoice Finance is often a key requirement for recruitment agencies making contract/temporary placements as it provides the funds to pay the candidates before the clients make payment. Although the facility can appear straightforward, understanding the jargon around the charges and how they are calculated can sometimes be alien to a recruitment director. When I meet with potential…

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HOW DOES INVOICE FINANCE WORK FOR RECRUITMENT AGENCIES?

Invoice finance is required by most recruitment agencies that are making contract or temporary placements and provides the funding to pay the contractors before the client makes payment.  One of the questions that recruitment directors often ask us is how the funding arrangement works as it can seem like a very complicated process. At MAYACHI…

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WHAT FACTORS CAN AFFECT YOUR INVOICE FINANCE FUNDING?

Invoice Finance Funding

Funding for a recruitment agency making contract and/or temporary placements is vital as the candidates will need to be paid often before the client makes payment on the invoices raised. If the finance arrangement has been set up correctly, there should be no issues with the prepayment being provided to cover the candidate payments until the client makes payment.

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