Recruitment firm switches factoring provider for better service
Industry: Recruitment
Product: Factoring
Facility size: £250,000
This specialist recruitment firm was established in 2017 and matches quality workers to white collar roles across the UK. The business is made up of a small and passionate team, with over 25 years of experience. They have cultivated long-standing relationships with local authorities and housing associations, developing a reputation for consistently finding skilled and compassionate individuals, essential for staff within the public sector and social housing industry.
The company has used invoice factoring since inception as a tool for cashflow and to release internal resources from chasing payments.
Invoice factoring releases up to 90% of the value of unpaid invoices and uses the providers in-house credit control team to collect payment on their behalf, which frees up valuable time to focus on other day-to-day activities or more strategic initiatives.
Having become disappointed with the service levels offered by their incumbent provider they decided to consider a new funder who could potentially remove some of the administrative burden they were experiencing in relation to the running of the facility and be more responsive to their needs.
As a small team they also see trust and accountability as essential for successful relationships and required a funding partner with the same values, as well as experience in their sector. Our recruitment specialists took time to fully understand the business and tailor a solution that would support strategic objectives, underpinned by our award winning service levels.
When changing providers to Close Brothers Invoice Finance, we recognise the needs of a business and the importance of ensuring there is no disruption as a result of the change. Our dedicated relationship manager and in-house credit control team are on hand to support the process and ongoing facility.
Finding a funding partner that is right for you
Switching provider can give businesses greater flexibility to support growth, investment and maintain cashflow. Find out more about tailored solutions with Close Brother Invoice Finance.
