Recruitment Finance

Recruitment financing is a smart financial solution that provides recruitment agencies with immediate access to the funds tied up in unpaid invoices. Recruitment invoice factoring allows agencies to ensure they’re always ready to meet payroll or invest in business growth.

Agencies continue with their normal processes, raising invoices with clients, and then send copies to their recruitment finance provider who will provide the necessary funding upfront. This enables recruitment agencies to operate seamlessly and without delay.

New Millennia offers comprehensive and tailored finance recruitment solutions for recruitment agencies of all sizes. Whether you’re just starting out, operating as an SME or running a larger enterprise, we specialise in providing tech-driven recruitment finance solutions that streamline cash flow management, improve efficiency and support growth.

Startups and SMEs in the recruitment industry often face difficulties when seeking finance recruitment solutions. Traditional banks and lenders tend to be reluctant to offer recruitment funding without a proven credit history. At New Millennia, we specialise in providing accessible recruitment financing for start-ups, helping you to get your agency off the ground or expand without unnecessary delays.

We understand that new agencies need fast, reliable access to funding and that’s exactly what we offer. No credit history? No problem. Our process is designed to get you the funds you need without the hassle.

For mid-size and enterprise-level recruitment agencies, New Millennia offers finance recruitment solutions designed to meet the unique financial needs of larger operations. Our services include payroll financing, invoice collection and advanced cash flow management. These tech-driven solutions help mid-size and larger agencies operate more efficiently by overcoming financial challenges and to continue growing with ease.

Whether you need to streamline your payroll processes, bridge the gap between client invoices or ensure your workers are paid on time, our recruitment finance solutions will keep your operations running smoothly and efficiently.

At New Millennia, we use innovative technology to provide advanced financial recruitment solutions that simplify the management of your agency’s finances. Our systems give you real-time access and clarity, with individual online portals for timesheet submissions, invoice uploads and payment tracking. The user-friendly online portals allow agencies to manage all aspects of their finances from one place, giving you more time to focus on your core business activities.

We ensure all processes are seamless, secure and transparent for your business and workforce. This empowers agency owners and workers, ensuring smooth operations and secure financial processes.

Recruitment invoice finance is the perfect solution for agencies to maintain a steady cash flow. Most recruitment agencies work on an invoice basis, which means you often have to wait for payment from clients before you can settle payroll or reinvest your business. This can be a major challenge for many recruitment agencies.

Rather than waiting for invoice payments to arrive and risking dissatisfied temp workers, New Millennia provides invoice finance for recruitment companies so that you can bridge the gap instantly. We fund your invoices upfront so you don’t have to wait for client payments to be processed. We also handle the invoice collection process directly so that there is no need to chase payments. No waiting, no delays and no hassle.

Efficient payroll management is crucial to maintaining strong relationships with your temp workers and clients. At New Millennia we ensure that all payments are made swiftly and accurately with our recruitment payroll financing from issuing payslips to processing P45s.

Our 20 years of experience in financial recruitment mean we understand the importance of keeping temp workers satisfied with timely payments. We provide tailored payroll financing solutions that maintain your reputation as a reliable recruitment agency.

When you partner with New Millennia for recruitment finance, there are three simple steps to access the funding your recruitment agency needs. Firstly, your client must pass a credit check. Then you’ll need to complete the necessary contractual paperwork provided by New Millennia. Finally, a signed timesheet from your client confirming that the work has been completed is required. Once we have these three elements, your recruitment funding will be released promptly, enabling your agency to maintain cash flow without delays.

Related Articles: 

• FAQs About Recruitment Finance
• 3 Things You Need To Access Recruitment Funding
• Why Use New Millennia To Finance Your Recruitment Startup