Having listened to the needs of the recruitment market, Bibby Financial Services has revamped its Recruitment Finance funding solution to offer clients access to more of the funds tied up in their unpaid invoices and has also introduced a new simplified, single-fee structure.
Bibby is now able to provide UK recruitment agencies with access to 100 per cent* of the value of unpaid invoices (previously customers were offered 85 per cent) within 24 hours of being raised, as well as providing a new, easy to manage combined single fee for all services offered in the Recruitment Finance package. New clients can also benefit from an introductory offer of ëno minimum feeí for six months.
The Bibby Recruitment Finance package still offers all the benefits of an integrated package which includes invoicing, funding, collections and payroll services and has been specifically designed with the recruitment industry in mind, to remove the hassle of day to day administration and improve cash flow for both new start and established agencies.
Ed Rimmer, UK chief executive, Bibby Financial Services, said: ìThe recruitment industry suffers from its own unique cash flow issues, having to pay staff and candidates while waiting sometimes up to 60 or 90 days for payment. To assist recruitment agencies, we have made our offering to the industry even stronger by increasing the funding available to clients and simplifying the way they pay for our services.
ìRecruitment Finance is already an extremely popular alternative funding solution in the recruitment industry and I predict, as a result of our consistent commitment to improving our products, demand will grow further still.ì
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Bibby strengthens recruitment finance package
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