A recent article on the Recruiter website (www.recruiter.co.uk) states that Average Debtor days are on the increase.
If you are running a recruitment business and managing a contractor payroll, client debtor days can be a cause of significant stress.
Longer payment terms demanded by blue chip clients can cause a strain on cashflow and late payments will also add an unwanted credit control burden.
This is where we could help; 3R Finance are experts in outsourcing recruitment agency back office.
Managing debtor days are no longer a problem as we pay recruiters on a weekly basis and contractors receive money in their banks 2 days after their time-sheets are authorised. We have a daily payroll, so no need for strict time-sheet deadlines.
As 3R is a finance solution created by recruiters you will find a sensible approach to credit control.
Our technology https://www.3rfinance.co.uk/technology/ ensures that a client’s invoice instructions are understood and followed.
Chasing for overdue debt is carried out patiently and efficiently with minimal disruption to recruiter/ client relationships and debtor days significantly below industry average achieved.
Read the full article here- https://www.recruiter.co.uk/rec/2019/04/average-debtor-days-continue-nudge-higher
For more information on how 3R Finance could support your business please see www.3rfinance.co.uk