Benefits of Back Office Outsourcing
Having efficient back office support is always important for recruitment companies. It gives your clients confidence in dealing with you, and your workers peace of mind knowing they will get paid without fail each week and it means your business is given immediate cash flow and bad debt protection.
Cash flow is the lifeblood of a recruitment business, and outsourcing means that you do not have to worry about finding the cash each week to cover your weekly payroll and office costs.
The principal advantage of outsourcing enables you to quickly grow or downsize your business in line with the economic climate, and offers you unlimited funding and access to administration resources at a fraction of the cost. You only pay for what you use, whereas operating in house means you have costly overheads to cover all year round.
Other Cost Savings and Benefits include:-
Payroll Department
• Trained and experienced payroll staff at hand at all times for advice and support. • No worries in the event of holidays or sickness, your payroll will always be sent on time. • Specialised software provides effective management reporting – gross margin figures, holiday pay liability report, BACS and cheque listing etc. • All payslips, invoices and timesheets are electronically archived meaning quick and easy retrieval when necessary. • P45 selection programme can be set up, so you can select weekly who to send a P45 to, this is particularly beneficial if you know a temp has taken a week off, or you have managed to replace them after a weeks break. • Full integration with Sage – Sales ledger day book can be provided in CSV format. • Optional accident insurance available for temporary workers • Full disaster recovery plan in place to ensure no matter what, payroll will always be sent on time.
Credit Control Department
• Automated letter chasing system in use. • Payments can also be accepted by credit cards. • Experienced credit controllers chasing debt. • Average debtor days for Easypay is 37 days. Very effective credit control. • Impartial views when handling disputes. • Impartially benefits your relationship with own clients. • Fully updated and maintained CRM software and diary management system. • Credit Insurance on customers, and effective credit management of insurance policy. • No bank charges for banking cheques or additional reconciliation work.
Cashflow Benefits
• No concentration restrictions • No daily interest charges • No audits • No annual fees
Most importantly Peace of Mind!
• Peace of Mind that your payroll will be processed without fail each week. • Peace of mind that your debtors are being chased effectively. • Peace of mind that you have the cash to pay your temporary workers each week, and additional cash flow for other expenditure. • Less paperwork to handle/file/store. • More management time that can be used to concentrate on sales and growing your business. • Dedicated team of staff at Easypay to handle all administration. • Less hassle and stress.
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