Recruitment & Labour Hire
The Problem
The recruitment and labour hire sector faces the inherent cash flow challenge of having to meet a sizeable payroll expense frequently, and this isn't easy when cash is locked up in outstanding invoices. Margin pressures, intense competition and ever-increasing layers of red tape to keep up with, also add to the need for a flexible funding solution to moved forward.
The Solution
We work with many businesses that operate in the recruitment and labour hire sector and offer a range of flexible solutions to overcome cash flow issues and help your business grow.
Improving Cash Flow
We can help you improve your cash flow by providing an immediate injection of cash against the value of your outstanding invoices. Then as you raise an invoice, we can release up to 90% of the value of that invoice within 24 hours. The remaining 10% is paid to you, less a small service fee, once we receive payment from your customer.
This means your business has access to an ongoing supply of cash linked to your sales. So as your business grows so does the amount of funding available to you to put your growth plans into action.
Saving You Time
In addition to the cash that we provide, we can also save you valuable management time. We provide an optional sales ledger management service where we will prepare and send out statements, telephone all your customers, collect payments for you and maintain professional and detailed accounts of your transactions, so that you have more time to concentrate on generating new business. You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you.
How Much Does It Cost?
Our services are tailored to your business so the fees will depend upon your specific needs.
There are two types of fee. The first is the cost of the money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee.
What Next?
If you would like to speak with one of our cash flow specialists simply complete our enquiry form. Alternatively you can call us on 1300 850 322, email us at marketing@bibby.com.au or request a call back.
