Full Back Office and Accounts Solution for Recruitment Agencies
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Short Term Funding for Recruitment Agencies with Contract Placements
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Total Back Office Solutions Limited (TBOS) is a Back Office and Accounts Provider to the recruitment industry.
At TBOS we understand that Recruiters and Agency Owners do not want to spend their time being consumed by back office administration and paperwork, liaising with candidates and clients regarding payroll and payment issues or trying to keep up with the ever changing legislation issues.
TBOS recognised there was a gap in the market for providing a fully outsourced solution to recruitment agencies and we have grown and adapted this over the years to provide a comprehensive and compliant service to a large number of agencies.
Our TBOS Complete and TBOS Freedom models provide the services required by recruitment agencies of any size and recruiting into any industry– Contract or Permanent or Temporary, New Start-up or Existing, UK or International Placements.
Some of the benefits include:
● More time to focus on Recruiting and Growing your Business ● Improved Cash flow and Greater Profitability ● Reduced Expenditure on Staff, Technology and Office Costs ● Highly Experienced Back Office and Accounts Team ● Solutions that grow with your agency’s volumes and plans
Our wealth of experience and knowledge on the logistics of running a successful recruitment business are invaluable to our clients and allow the agencies to concentrate on what they do best… recruit!
Our TBOS Complete model provides a fully comprehensive back office and accounts solution for Contract and Permanent recruitment agencies. This service includes company formation and invoice finance set-up, timesheet management and invoicing (Contract or Permanent), contractor payments (PAYE or Umbrella/Limited Company) and credit control, supplier payments and management accounts, VAT returns and year end statutory work. Our service works on a “per contractor per week” fee structure which works in line with your placement productivity instead of being based on a percentage of turnover. This model incorporates all the services provided by internal payroll staff and external accountants at a fraction of the cost.
Our TBOS Freedom model provides a Short-Term Funding Solution for recruitment agencies with contract placements. This service is a great way for agencies exploring the contract market without having to sign up for long term agreements with a bank or factoring company and provides all of the administrative support required such as contracts, invoicing, payroll and credit control. All placements are fully credit insured and the agency retains the ownership of the client, candidate and placement. Due to our unique fee structure this can be a cheaper alternative to existing Pay-And-Bill providers who work on a percentage of turnover basis. As the facility is already up and running and being used by a number of agencies this means that we can provide funding within a matter of hours.