The Problem
Are you faced with the task of constantly juggling your agency’s finances and having to manage stop gaps between paying staff and candidates wages and receiving payments from your clients. Not to mention the additional 'day to day' tasks which take up a vast amount of you management time?
The Solution
Bibby Financial Services work closely with the recruitment sector and has a wealth of experience, delivering a range of flexible cash flow and funding solutions.
Improve your cash flow
Factoring or invoice discounting, also known as debtor finance and invoice finance, can boost your cash flow by providing an immediate injection of cash into your business against the value of your outstanding invoices.
Each time you raise an invoice Bibby Financial Services will release a percentage of its value within 24 hours. This provides both an immediate and ongoing supply of cash linked to your sales, So as your business grows so does the amount of funding available to you.
Spend less time chasing payment and more time chasing new business.
In addition to the cash that we provide, we can also save valuable management time to focus on what you do best. We provide a complete credit control service, where our dedicated and experienced team will:
- Prepare monthly statements
- Telephone all your customers
- Chase and collect outstanding invoice payments on your behalf
- Maintain professional and detailed accounts of your transactions
- Conduct account reconciliations
We always balance sensitivity when dealing with your customers with the need to collect invoice payments quickly and efficiently, ensuring your clients are as happy to deal with us as they are with you.