Invoice Factoring For Agencies
How Quad Can Help You Improve Your Cashflow & remove the headache of chasing debt
If you are a UK employment agency experiencing cashflow issues then please be assured that you are not alone! Even the most amazingly profitable, well run business can fall foul of cashflow problems from time to time and right now the situation for UK agencies is bordering on crisis point. There is a general consensus that the IR35 reforms have had several unforeseen knock on affects, one of these being the cashflow impact on agencies, many of which have extended payment terms with their clients. Where as before having 45-90 day settlement terms was not a serious issue it has become a problem because many agency temporary/contract workers (now treated as employees) may require paying before the invoice due date. It’s not unusual for several salary runs to have taken place before the client has paid the invoice. Unless you have huge cash reserves and a very active debt recovery team this is unsustainable in the longer term.
Invoice Factoring/Financing Can Help
Our invoice factoring service removes the headache of cashflow problems and extended payment terms. We take on the debt, we chase payment, your contractors are guaranteed to be paid on time every time. Your cashflow improves instantly. Clients are assessed on an individual basis to give you maximum flexibility, setup is quick and hassle free. Invoice factoring is just one of the benefits of having your agency engage with Quad, to learn more about what Quad can do for you simply complete the form below and we’ll get straight back to you:-