Finance is essential for recruitment agencies. Money comes in and out of your business frequently, so timing, balancing and managing funds will be a skill and tool that you’ll need to have.
Specialising in finance to the recruitment industry, New Millennia offer a unique service in the complex area's of managing cashflow and helping recruitment businesses succeed.
Our finance solutions offer a superior alternative to invoice factoring, meaning an end to your cash flow concerns.
You’ll discover a level of transparency that is not found with other invoice factoring and your clients and temps will experience this too. With individual online portals where timesheets and invoices can be uploaded, the whole process provides clarity and security for all parties.
Options for finance solutions are not as openly available to many startups as they may be to more well established firms, however startups are the ones who often require this support the most.
Recruitment startup finance can be less readily available from banks or lenders as there is no history of good credit in a brand new business. New Millennia does not require proof that a startup is eligible for credit, meaning simpler more accessible funding for your recruitment startup.
Rather than waiting for invoice payments to arrive and risking dissatisfied temp workers, New Millennia provide 100% funding, we then take on the responsibility of collecting the invoices directly ourselves; no waiting, no delays and no hassle.
The task of issuing payslips, managing timesheets as well as issuing P45s can all be undertaken by our bespoke, specialist finance services.
With our recruitment payroll funding, payment delays due to cash flow can be a thing of the past, swift and sleek payments are made exactly when they should be. Our experience of over 19 years and our startup funding solutions mean temp workers can be kept satisfied by your services and your reputation can be maintained as a reliable recruitment agency.