Inside Waddle

Recruitment companies use payroll funding. Here's why.

Posted by Team Waddle on 14-Jan-2019 11:36:00
Recruitment companies use payroll funding. Here's why.

It's not uncommon for a growing business to get held back by cash flow gaps. Credit terms on invoices of 30, 60 and even 90 days can severely impact a business, restricting their ability to manage orders, hire new staff and generally expand their operations.

The recruitment industry is no exception. Recruiters who manage a contractor have the inherent problem of having to meet their own payroll before the client organisation pays them. Many recruitment companies, as well as outsourced payroll firms turn to payroll funding to deal with this unwelcome cash flow gap.

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Topics: Payroll Funding, Invoice Finance

How does payroll funding work for agencies?

Posted by Team Waddle on 10-Oct-2017 11:50:07

Got growing pains or gaps between meeting your payroll and customers paying you?

We know these can cripple your cash flow.

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Topics: Payroll Funding, Recruitment Agencies

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