Recruitment finance is a resource that is inclusive of invoicing, payroll, collection and funding, which eases the pressures of time and cash flow that face many recruitment agencies. This finance creates a good boost to your cash flow through the provision of an instant cash injection into your business, secured against your outstanding invoices’ value. Invoice finance makes up a big part of the recruitment finance and this involves both invoice factoring as well as discounting, which is favorable for the businesses that sell on credit terms to other businesses.
First Financial is a company that provides you with the best chance of buying invoice finance. This helps improve the cash flow of a business through freeing cash from invoices upon issuance. This seeks to protect the business from bad debts and late payers. Recruitment finance services that are available at First Financial are
Recruitment invoice discounting
This provides 90 % of the value of the invoice by the following day and your business manages credit control and debt collection.
The invoice factoring provider stays in charge of your sales ledger and credit control while collecting debts giving you time to run your business. 90 % of the value of the invoice is available within 24 hours. The factoring company undertakes the collection of the invoices and pays you the balance (less their fees) on completion.
Protection from bad debts
Obtaining invoice finance from First Financial does not require you to increase your overdraft with the growth of your business. More invoices turn into cash, which enables you to put your concentration on running the business and not worrying about the cash. The improvement that you will achieve in your cash flow will be of great help when buying from suppliers. This will see you act competitively as you will obtain working capital from a flexible source and early payment discounts allowing you to have quick response to the opportunities that are available in the market.
The recruitment finance will see that you avoid hidden costs that come with provision of extensive credit to customers as well as settlement discounts resulting from prompt payment. Buy invoice finance from First Financial to make sure your business stays afloat and that you get to run it well.