How to Collect Payment from Clients That Aren’t Paying: A Strategic Approach Late payments or non-payment from clients is one of the most frustrating challenges businesses face, especially for recruitment agencies where cash flow is critical. Unpaid invoices
The term ‘credit management’ is often associated with the final stages of the process when a client receives their invoice and payment is pursued. However, truly effective credit management should commence from the beginning of any prospective client
Why finding the right growth partner is so important… The year 2022 was a significant moment in the UK recruitment industry. Despite a tumultuous socioeconomic and political environment, the sector again displayed its resilience, with another year of
If you’re a business owner, the chances are that the one thing making you nervous more than anything else is when you will be paid. Whether you’re billing £1,000 or £1 million monthly, it doesn’t matter. It means
We discuss everything related to recruitment credit checks. Why agencies should do them on perspective Clients and how to handle clients with poor credit histories/ limits. A credit check is what? A credit check is getting a report
A Purchase Order number (P.O.) is a unique number issued to a purchase order form. The purchase order specifies the items/ services a company desires to obtain from a specific provider/ supplier. The buyer and seller will refer
A purchase order (P.O.) is an official agreement between a buyer and seller that describes the specifics of a sale, such as the product’s name, quantity, and price. It can also provide information about a service that will
5 myths that stop you from starting a recruitment business The recruitment industry is expanding quickly. A record-high number of new companies are now opening their doors. Companies House data shows that over 6,000 recruiting businesses were established
Cash flow will always be an essential part of starting your recruitment business. This becomes one step further for recruiters when dealing with temporary placements; they are often paid weekly, whereas clients will be invoiced monthly. A significant
The recruitment industry shows no signs of slowing down. Despite Brexit and economic uncertainty, recruitment entrepreneurs are still looking to join the market. According to the REC (Recruitment and Employment Federation), industry turnover reached £38.9 bn in the