From today the perm recruitment industry changes!

100% funding, 12 months rebate period with no rebate costs to the agency.

Keen Thinking Ltd, which provides innovative solutions to the recruitment industry through its ìSimplyî brands (Cash Simply, Payroll Simply and Recruit Simply, because as its slogan says ìbusiness is complicated enoughî), has paralleled its temp funding levels and developed a revolutionary product to provide 100% funding for the Permanent Placement sector ñ ìPerms Simplyî ñ which offers a real marketing and funding edge to agencies who use it.

Perm invoice funding has been notoriously low from finance companies and for good reason too. Perms sometimes fail to turn up or leave soon after appointment and that results in clients wanting rebates of various levels for various times. That meant that finance models could not be based upon certainty of payment levels against funding advanced.

There is nothing worse than uncertainty for a financier. The way most invoice financiers deal with uncertainty is to reduce the levels of funding they are prepared to advance against such invoices and so it has been for perm invoices.

Specialist financiers who understand niche sectors, will often advance more than the generalist financier and examples of these have been those who have understood the temp niche very well and provide very high levels of funding of temp invoices in the recruitment sector; of which Cash Simply is one.

To date however, no invoice financer has offered a stand alone 100% funding product specifically for perm placement invoices. From today however, the industry changes with the launch of ìPerms Simplyî.

ìPerms Simplyî simply requires standard rebate terms to be added to an agencyís client terms to give certainty (nothing complicated; the terms are based upon accepted definitions and model perm contracts). They do however provide the client with what is probably the best 12 month rebate guarantee in the industry because it removes the thought ìThe applicant has a great rapport with the agency and they get notified of job vacancies all the time. When I have paid this invoice, what is to stop them tempting my new employee away with another job offer?î so it is a great sales aid as well as a funding, debt protection, rebate protection and confidence building device. That confidence can also simplify complicated bonus schemes and even make weekly pay outs to consultants practical. A WIN! WIN! WIN!

Funding perm invoices used to be complicated. Now there is Perms Simply.