Is running payroll stopping you selling? Is cash flow difficult?
Have you considered how outsourcing your back office could drastically lower your overheads and improve performance?
Is your current supplier letting you down?
Cash Simply is expert in providing 100% funding and a fully comprehensive back office solution to established recruitment agencies all over the UK.
Outsourcing the burden of running your back office will deliver you reduced and variable overheads, increased efficiency, a more focussed sales team and more sales and management time.
Improve your levels of funding
Whether you are using a factoring company, invoice discounting, bank overdraft or financing weekly payroll with your own funds, our guaranteed level of 100% funding will improve your cash flow.
We will be funding the weekly wage bill with our money. This will free up your cash flow, so you can spend money driving the business forward by investing in more sales staff or marketing efforts to generate more business.
Once you win more business, you won't have to worry about finding the finance to pay more workers either. Our funding will flex in line with your growth. We can fund any size contract.
Missed payments
Juggling the cash flow can be difficult. Ensuring that funds are available monthly for PAYE and quarterly for VAT is a discipline not everyone has. There are times, when funding levels from factors and invoice discounters are not enough, that owners "borrow" from this pot to make sure the workers are paid. When those funds are not replaced, it can become a very difficult position.
Our 100% funding service includes funding for the temps payroll, HMRC liabilities in terms of PAYE and VAT.
We calculate your margin and make a payment weekly every Friday, even before clients have paid.
Use your time effectively
Time is the one commodity you can't afford to waste.
How successful you are will be determined by where you and your team spend your time. The most successful businesses we work with focus their time on growing their agency all day every day. Take a look at the list and see how they and their team spend their time.
Time = money
- 1 Networking face to face and online
- 2 Building the brand through social media
- 3 Winning new clients
- 4 Interviewing and sourcing candidates
- 5 Implementing internal working processes
- 6 Servicing new clients to keep them
- 7 Coaching and mentoring their staff
- 8 Planning for the future
- 9 Keeping up to date with legislation
Free to do what you do best
Using the Cash Simply service will give you the time you need to put your plans into place.
Coaching your team to be winning contracts through sales calls, interviewing and registering candidates to fill the contract and then servicing the Client is where you'll want to be focussed. Once the contract is won, you'll want to make sure you deliver the best service to win even more business.
Networking is also a key factor to building relationships locally through forums such as Business Link, The Chambers of Commerce, breakfast clubs, the BNI and local awards or conferences. If your business will be supplying nationally, internet based networking or social media is where time will be well spent. All of this hard work will build your brand and attract more and more business.
With all of your effort spent growing the business, investing time in your staff to generate sales and increase profit, why would you want to try and manage the back office burden as well?
Don't worry, you don't have to - that's what we do.
Low cost expansion
Outsourcing your back office also means that putting expansion plans into place is easier and not as costly. Without the need for a payroll and credit control team, and all the fixed overheads that attracts, new branches won't need large office space. They can be business generating cost centres and keep costs to a minimum.
Peace of mind and an extension of your business
Paying your temps is the single most important task of the week. If they are not paid, then they're unhappy, your client becomes aware and asks if you have cash flow problems, whilst your competitors rub their hands with joy!
Using our recruitment specific service removes any risk in non payment of your workers. Provided you get us the right information over, you are not at risk of staff sickness, loss of information, server issues or staff turnover. Our team becomes your back office and is dedicated to making sure your temps are paid accurately, on time, every time.
This applies to credit control too. You'll be confident that your clients are being chased professionally and that you and your sales team won't be wasting time being asked to wear more than one hat!
Lower and variable overheads
With a charge structure based solely on the number of workers you put through, you won't have the burden of fixed staff costs. Outsourcing lowers other hidden costs too;
- Office rent
- Computer hardware
- Computer software
- License and support fees
- Stationery
- Postage
- Printing
- Management time
Our powerful combination of reduced and variable overheads, increased efficiency, a more focussed sales team and more sales and management time, should see a major effect on your bottom line.
With a business model focussed on spending time in your strongest areas, your business can be more competitive, more reactive and more flexible for your clients. A recipe that is sure to put you one step ahead of the competition.
How does it work?
One submission from you each week with the key payroll data and the rest is taken care of like this;
From the information you give us we will;
- Calculate payroll, deduct PAYE & NI if required and generate your workers NET pay figure. Using our money, we send BACS on a Wednesday so your workers are paid on a Friday.
- Wage slips are generated and can be sent out in three different ways.
- Raise invoices (in your name and with your logo on), match your timesheets to the back and send them directly to your Clients. We credit control them and your Client pays us to settle the debt.
- Make sure VAT & PAYE liabilities are funded and managed by us, so you don't waste time juggling cash when you could be selling.
- Cover you with Bad Debt Protection to protect you, and us, in case any of your Clients go bust.
- Report all aspects of your business activity online. Sales statistics, debtor reports, gross margin reports, cash received and even the facility to print off copy invoices is available.
- Calculate your margin and make a payment weekly into your business bank account every Friday.
SMS you with weekly figures.
How much is this going to cost?
That's another great thing about working with Cash Simply. We will not charge you a penny unless you are processing a payroll.
No start-up fees. (Other providers have these)
No minimum monthly fees. (Other providers may charge, even when you are not using the service)
No credit check charges. (Other providers will charge you)
No interest charges. (Other providers charge separate interest or discount fees)
No hidden charges (watch out for these)
Ready to go?
Once we have put everything in place for you, we just sit back and wait for you to put your first payroll through.
We know how difficult the first few weeks can be, that's why we have a dedicated team to help and advise you.
We only charge you when processing. If nothing goes through next week you do not get charged. That's why we are different than most funders and dont charge any minimum fees. You could say its a little like pay as you go.
Simple charging structure
Our fees are all inclusive, with no hidden charges and are based on volume.
They are a fixed percentage of your NET weekly sales (this is important, because many providers charge on the GROSS amount making them much more expensive), plus they won't go up during the length of the contract, guaranteed.
In our experience, every recruitment agency is different. Different sectors and different requirements, so the best thing is to give us a call to discuss things further.
Get in touch
We really want to work with you and support your business so call on 01594 546 585 to find out more, or book a call back today.
Service Snap Shot
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100% FundingComplete Back Office Support
100% Funding comes as standard with Cash Simply.
Your temps/ contractors are paid every Friday, by us and with our cash. All your PAYE and VAT liabilities are funded and administered, together with up-front payment of your Gross Margin every Friday.
100% funding means you can go for any size contracts (because we can fund it) and you can invest your cash in the future of your business, rather than having it tied up in paying wages.
Your Business - Your BrandYou get a full payroll service from calculation to processing, and BACs paid directly to your temps/ contractors every Friday.
Wage slips are created by us, in your name, and can be sent by "Green Mail" (email direct to temps), posted to home addresses (at extra cost) or you can download them from your very own online management system. Invoices are raised by us, matched and sent out to your Clients. You can download these too if you need to!
Reduced RiskInvoices and wage slips all carry your personal brand, because we know this is important to you. You'll be signing terms and conditions using your own brand, handing out wage slips with your brand on, so your invoices and wage slips should carry it too. (*not applicable for construction start-up agencies) Your brand is even reinforced when we chase your invoices, as we call on your behalf.
Comprehensive Online ReportingYou will want to know you are protected as much as possible when you start trading. Cash Simply has you covered.
Credit insurance is part of the package, protecting you against Clients going bust, and reduces your business risk by 90%. With your HMRC liabilities being managed by us, there is no risk of you spending the cash before making your returns, and you get your very own "Risk Centre" within the online management system, so you can monitor your outstanding debtors daily. Our relationship is totally transparent, and you always know what is going on.
Great Customer ServiceCash Simply will help you measure your performance. The online management system is free of charge, fully supported and we provide training, often face to face.
You can see sales statistics, Gross Margin figures, live debtor reports and even print off copies of your wage slips and invoices. Should you wish, you can export the information into different formats for budgeting or accounting purposes too.
Award WinningBeing serviced by people passionate about getting things right and having over 40 years experience in the industry is great, but we want you to always receive the best.
You will be inducted by our Operations Director, have access to Operations Manuals for support, and be invited every month to give feedback on our service to you via an online survey that is considered at every Board Meeting. By choosing Cash Simply to partner your business, you know you'll be getting the best in the industry.
Don't just take our word for it, our services have been officially recognised!
Media Today presented the "BA Award" for outstanding achievement and commitment to offer a quality service or product within the Payroll Solutions industry and The Corporate Times, presented us with their "BA Award" for payroll solutions too.