Any business owner knows that time is money. This is especially true in the world of temporary recruitment, where every hour spent sourcing new candidates and setting them up with clients, as well as finding new clients to work with, directly impacts your bottom line.  

If your team are spending half of every work day battling with boring but important admin tasks, when they should be fully focused on helping your business grow, you’re costing yourself a fortune in the long run.  

Today we’re going to explain how our all-in-one recruitment funding service saves our clients time, so their team can do what they do best.  

 

How Recruitment Funding Saves Time 

Even well-established recruitment agencies struggle with cash flow. One delayed invoice (more about that in a moment) and suddenly you have to dip into emergency funds to ensure that your temporary workers are paid on time.  

With 100% recruitment funding, you’ll always have access to the funds you need to keep your workers paid, regardless of whether your invoices are pending or not. This takes the pressure off you, and you can allocate more funds into growing your business.  

There’s also your reputation to consider. If your workers aren’t being paid on time, they’ll speak out, potentially preventing you from bringing in the best new talent. Whether your company provides a wide range of temporary workers or some for a specific industry, you always want to attract the cream of the crop and make sure they stick around.  

 

How Invoicing Support Saves Time 

Filling out and sending invoices isn’t just time-consuming, it’s also tricky to get it right. A single mistake on your invoice could delay it by days, weeks, or even months – ruining your cash flow. 

Some recruitment companies avoid using 3rd parties for their invoicing, as they don’t want their clients to feel like they’re being looked after by a company other than their own. That’s why we make sure all invoices we send are yours and yours alone, no hidden Back Office Support Services logo on the documents or in emails.  

We guarantee accuracy with our invoices. Our professional team will check, check, and check again to ensure that everything we send on your behalf is correct, keeping delays to a minimum. And if there are any unavoidable delays, or your client is simply slow to pay, you’ll have our recruitment funding to support you.  

This is why we provide an all-in-one service; you might not need everything all the time, but it’s handy to have in place when the time comes, so you don’t have to look elsewhere for another provider.  

 

How Managed Payroll Saves you Time 

Payroll isn’t as simple as paying a fixed amount for every worker. You have to include holiday accruals, SSP, auto enrolment for pensions, IR35 and any unique stipulations the worker might have in their contract. Just like with your invoices, any errors or missing information can have both an initial effect on your business and also a knock-on effect that could harm your growth in the future.  

By bringing in the professionals, your payroll will be spot on every time. Unlike other payroll support providers, we only provide you with a single point of contact for the payroll part of our service. Your dedicated payroll account manager will get to know you and your clients, handling all correspondence and keeping you in the loop with regular updates. They’re also only a phone call or email away if you have any questions.  

This human-focused approach is the main reason why many of our clients have been with us for a long time. Our experts start to feel like part of the family after a while, you might even forget they aren’t part of your company!  

We balance the professional with the personal as much as possible. Some clients like to keep things formal, which we’re more than happy to do, but others like the more casual chats over the phone as it suits how they like to work. Whatever your individual needs or preferences, your payroll account manager will adapt accordingly, and you’ll receive a fantastic service no matter what.   

 

How Credit Control and Debt Protection Save you Time 

It may seem simple, but monitoring your clients’ credit limits, and making adjustments when needed, is a task that can take up a lot of your time. Especially if you want to do it properly. 

If your team are being pulled in all directions trying to handle multiple administrative tasks as well as their main role, they might miss a client that is struggling with debt until it is too late. Without safeguards in place, your clients’ debt could affect your cashflow, leading to expensive legal proceedings, or just a headache that takes time and money to deal with.  

Instead of adding it to an already busy schedule, work with a professional whose only role will be to manage credit limits and protect you from your clients’ financial issues. Our credit controllers are some of the best in the UK, and just like our payroll account managers, you’ll be provided with a single point of contact for as long as you work with us. This gives your team more time and keeps your business safe.  

 

Trust us to Save you Time 

At Back Office Support Services, we’re as invested in your success as you are. We love to watch our clients grow and are always improving our service (check out our Optia Monthly Payroll blog for a great example of this!) so that we’re doing all we can to support you.  

If you feel like you’re wasting valuable time on your admin, work with us and focus on what you set out to do when you started your company. We specialise in supporting both new start-ups and established temporary recruitment agencies, with all aspects of our service available for a single fee.  

To find out more about us and our service, please check out our blog, or give us a call if you have any questions. We look forward to hearing from you!