Boosting finance and operational performance in the recruitment sector
Getting and staying ahead in the recruitment sector is no longer just about delivering superior candidate and customer experience. Now, recruitment businesses must not only look outwardly at their markets, their customers and their candidates; they must also look inwards too – at their operational effectiveness. This guide is a must-read for any finance leader in the recruitment world looking to improve efficiency and ultimately the firm’s profitability.
Winning strategies for recruitment business leaders and FDs
Having a slick operation is paramount to running a recruitment agency that keeps your clients, candidates and consultants happy. This hub is packed with resources designed to help Recruitment Agency Owners and Finance Directors looking to improve their finance and operational performance.
If you have any questions our finance specialists will be happy to discuss, contact us.
The Guide to improved credit risk and cash flow for Recruitment Agencies
Recruitment agency business leaders and Finance Directors are looking forwards into 2023 and beyond as the sector – and the wider economy – emerges from the turbulence of the pandemic. Uncertainty remains, which means managing risk and protecting cash flow continues to be a top priority.
This guide covers the key steps to follow for an effective strategy for managing credit risk and protecting margin.
Powerful integrated credit risk management, finance and CRM for your recruitment agency
Blogs
Finance has a key role to play in protecting recruitment agency-client relationships
Protecting agency-client relationships is essential to ensure good cash flow for your organisation. But how can finance help? This article explains how finance helps nurture these relationships with the right data.
Does your credit risk strategy need updating?
After two years of unprecedented turbulence and incredibly challenging economic circumstances for businesses everywhere, now is the time to bolster your approach to credit risk and protect your firm going forwards. Read this blog to find out more.
How having ‘one view of the truth’ transformed Finance and Operations for these recruitment agencies
Does your recruitment firm use more than one system? Do your Finance team work separately to the rest of the business? Is rekeying data something that your staff have to do on occasion? Does it take a while to pull together reports for the leadership team? If you’ve answered ‘yes’ to any of these questions, then ‘one view of the truth’ could transform your business like it did for these customers. Read on to find out more
Discover how the Finance team can boost your recruitment agency success
Finance teams have long been separate to the rest of the business, often located in a different office to the sales and operational staff, and most likely with their own software tools and confidential reports. That used to make sense – but things have changed. Rather than keeping Finance separate, forward-thinking recruitment firms are now ramping up collaboration between their Finance people and the rest of the business. Find out why.
Unleash the power of your recruitment business information – how to use CRM, financial management and credit risk data to gain a competitive advantage
How well does your recruitment firm utilise the wealth of financial and customer data you process on a daily basis? How easy is it for your staff to collate and store that data? And can they subsequently find what they need quickly and use it for decision-making and reporting? Find out how to improve your firm's efficiency in this blog.
Is the ‘Great Resignation’ impacting your
bottom line? 3 ways recruitment agencies can hold on to their best consultants
Is your recruitment firm concerned about losing high performing consultants in the Talent Wars? Discover 3 ways recruitment agencies can hold onto their best consultants and how the finance team can help.
Recruitment sector FD tips – how to mitigate against Brexit-induced labour shortages
Ongoing labour shortages continue to impact the recruitment sector and affect profitability. What can FDs do to protect their bottom line? Read on to find out.
How agile is your recruitment business? And is Finance helping or hindering speed of response?
Agility is the watchword for the best performing recruitment agencies right now – not least because we’ve seen the most turbulent two years of business activity in a lifetime.
A proven strategy to help FDs in the recruitment sector tackle bad debt risk
Are you a Finance Director in a recruitment firm who has seen debtor days rising? Are you concerned that the risk of bad debt might be heading in the wrong direction? Find out how to tackle bad debt risk in the recruitment sector.
Working with Access was really easy as they work in a very similar way to us ... Access are passionate about their software, so it’s very easy to be able to have answers and help and advice which directly benefits the business
The integrated system has improved payroll accuracy, reduced incorrect invoices and credit notes and it’s easier to track which consultant timesheets need chasing.
Rather than using various word documents, spreadsheets and invoices, the software brings everything into one place. At the click of a button, you can see exactly what has gone on. I can quickly get a snapshot of where we are – within five minutes I’ll know what’s happening.
The solution has allowed us to produce reports in the way that we need and in a way that the board wants to see. There’s a far less human intervention into the data making it much more robust and it’s much more pleasing for everybody. We’ve managed to reduce a lot of processing time so we can spend that all-important time analysing rather than processing the data.
We’re now able to spot monthly and seasonal trends. For example, during a difficult month like December where businesses tend to shut down, we can pull information from previous years to help us forecast what will happen during this month and act accordingly. Being able to use all the information in the system to predict means that we can strategize on how to navigate through any typical year.
