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Invoice factoring allows recruitment company to grow its people business


Invoice factoring allows recruitment company to grow its people business

A London-based recruitment service provider has seen phenomenal growth over the past three years since using Invoice Factoring with Hitachi Capital Invoice Finance; with the business growing from just two employees to 130 employees and is now turning over in excess of £16million. Our Invoice Factoring product is designed to maximise cash flow by releasing the funds tied up in unpaid invoices. As part of this, we were also able to provide debt collection services to ensure that the recruiters didn’t have to worry about chasing debtors themselves.

Their business places candidates within prestigious financial service organisations, offering clients permanent and interim recruitment services. They are one example of many recruitment companies we’ve been able to help.

In order to grow their business, they approached several well-known lenders for a solution. Ultimately, they chose to partner with Hitachi Capital Invoice Finance because of our competitive factoring service that enables them to scale the interim side of their recruitment business by releasing the cash they have unrealised in customer invoices. We understand that many businesses look to Invoice Factoring because they wish to grow, and as a result, it’s imperative that we offer a service that allows flexibility when it comes to increasing funding levels. Many traditional forms of lending do not allow for this, and lengthy renegotiation is often required.

How We Can Help Recruiters

  • Recruitment companies in particular can benefit from our Invoice Factoring product because it takes some of the stress out of chasing payments from clients. We look after collections, giving businesses more time to place candidates and get invoices raised. Many businesses also find it easier to negotiate with customers when they know that we’re going to be the ones managing debt collection.

    The Managing Director of this London-based recruitment company said: "Hitachi Capital Invoice Finance was chosen as our factoring provider after discussions with a number of lenders. We decided to choose Hitachi based on their professionalism, commitment to customer service, competitive rates and security. Hitachi offered service charges five times cheaper than some of their competitors.

    “The security aspect was really important to us as we felt that other providers couldn’t commit to lending the money. Hitachi Capital Invoice Finance occupies a great niche; they are larger than the smaller operators who we felt we couldn’t trust, and far more able to differentiate on exceptional customer service than the big brand names in the invoice finance market."


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