Recruitment agencies are no strangers to the gap that exists between paying contractors and receiving invoice payment from clients as it’s an inherent challenge within the sector. However, agencies find this gap is often extended when working with healthcare providers that have lengthy invoicing processes, resulting in cashflow challenges that can impact on the smooth running of the business and ultimately result in lost opportunities.
For businesses operating within recruitment, it is vital that they research and seek out relevant support solutions to give their firms the confidence to continue to drive their plans forward.
Pulse Outsource are specialists in the provision of back office and funding solutions and have been supporting recruitment agencies for over two decades. Within our client base we have many agencies who support the healthcare sector and so understand the increased pressures they face.
Our solutions can provide a timely payroll solution ensuring all contractors get paid on time every time ensuring full legal and regulatory compliance is adhered to. Our solution also means we invoice your clients and manage invoice payment collection, ensuring you can focus on driving your business forward. In addition, we can provide funding of up to £2.5m by releasing up to 100% of the value of your invoices as they are raised providing you with access to an ongoing supply of flexible funding. This means that you don’t have to worry about the gap between paying contractors and receiving client payments as you will have the cashflow to help you take advantage of opportunities as they arise.
The benefits of our Payroll and Funding solution for the healthcare sector
- Save time and focus on growing your agency
We take care of payroll, manage your invoicing and collection process so you can spend more time doing what you do best – growing your agency
- Optimise your cashflow for rapid growth
Improve your cashflow by accessing up to £2.5m funding ensuring you have a flexible supply of funds to keep your business growing
- Be confident about compliance
Our expert team ensure you remain compliant with HMRC, The Pensions Regulator, IR35 and Agency Worker Regulations removing this complex burden
- Unlimited credit-checks and protection against non-payment
We credit check your clients and protect you against non-payment of approved invoices
- Avoid late payment penalties from HMRC
We accrue for your PAYE & VAT liabilities and make sure you have the cash to make payments when they are due
How does it work?
- You send contractor timesheets to Pulse Outsource via our InTime online system
- We then raise and send an invoice to your client
- We release up to 100% of the invoice value to your client account within 24 hours
- We pay your contractors from the funds in your client account and complete all compliance duties
- Your client pays Pulse Outsource
- We deduct monies paid to contractors and fees and pays remainder of funds to you
A payroll platform built for Recruiters
Our service is delivered using InTime, a leading cloud-based Pay & Bill platform designed specifically for the recruitment sector. Intime streamlines timesheet and expense capture and approval, automates invoicing and payroll, reduces timesheet and payroll queries and provides greater visibility and control throughout the process.
- Electronic timesheets and invoices
- Real-time management reporting
- CRM integration
Helping our clients grow their agencies
ASA Medical Solutions are a Milton Keynes based Recruitment Agency specialising in placing medical personnel within the NHS across the UK to cover both full time and part time roles from nurses, doctors, midwives, and consultants to hospital support staff. With turnover reaching £7m, they continue to drive ambitious growth plans to achieve further growth. ASA Medical joined Pulse Outsource in 2019, switching from a previous funder because they wanted a more personal level of service. (Read more)
Get started today
With over two decades of experience, supporting the back-office and funding requirements of recruitment firms, we understand the challenge of managing the tasks to deliver a comprehensive and compliant invoicing and payroll solution to your clients and contractors. If you believe your agency could benefit from our payroll and funding solution, then get in touch today on 0845 646 1340 or email at email@example.com.