The Challenge
“When starting a new recruitment agency, your priority is how you will pay your staff, bearing in mind that most agencies pay their staff weekly. When starting my agency, I had the funds to get the business off the ground and get the ball rolling, however, I needed to consider the cash flow to ensure staff are paid for the work they carry out.
Usually, clients pay invoices after 4 weeks of the work being carried out. This is where Giant Finance+ stepped in. The reason I chose Giant Finance+ was because I was a member of the REC and they were recommended to me as a reliable and experienced company that understands recruitment agencies, this made it very easy for me to be comfortable enough knowing all the back-office finances were taken care of.
The problems I was hoping to solve were back office, payroll, invoicing, timesheet submission, clear and precise accounting software which were easy to use and understand (as I did not have any previous experience in finance or accounting), a dedicated account manager who would guide and hand hold until I got to grips with the system to ensure that I was making sure that HMRC was happy and that my staff were being paid.”
