As a busy owner-manager and decision maker, finding the time and energy to assess whether the latest ‘management fad’ will help your recruitment business is difficult!
So, should you consider outsourcing part or all of your finance function, and can outsourcing really help avoid business failure and support growth? How do you manage the gap between paying workers and being paid by suppliers whilst not becoming overwhelmed by the administration of payroll, invoicing and finance?
RSM Tenon has been working within the recruitment industry for many years, taking away some of the burden from our clients by providing a complete back-office finance and payroll service. In a highly competitive industry, where time spent dealing with internal processes can be the difference between getting the right candidate for your client or losing them to a competitor, RSM Tenon can be a valuable competitive advantage. Specific services include:
- Outsourced accounts with remote access
- Management reports with key performance indicators
- Sales invoicing and credit control
- Purchase ledger and management
- Cost centre analysis
- Automated 'Timesheet Pay and Bill’ solution
- VAT and PAYE administration
- Expense claims and administration
- Commission calculations and\or reconciliations
- Acquisitions, disposals & valuations
- Payroll for temporary and permanent staff
- Electronic transfer of data from client or other service company
- CID\Factoring reconciliations
Typical benefits include:
- Improved management focus – we focus on data management and information delivery
- Access to staff at different levels – greater flexibility and efficiency
- Financial gains – no capital outlay on hardware and software and more efficient processes
- Financial certainty – our fees are based on turnover, so costs can move up and down in line with business cycles; this means accounting costs become variable rather than the more fixed cost nature of permanent staffing
We want to ensure you receive genuine commercial benefit.
We are business partners of the REC and actively work with them to provide information and updates to their members. Additionally this year, we are proud supporters of their research report: 7 Secrets of Successful Recruitment Managers.
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