In what remains a complex and challenging economic environment for recruitment agencies, it may seem obvious why so many of them would be drawn to back-office outsourcing services. Some of the reasons may be to save on operation costs, deliver more sales time for their consultants or simply to run a more efficient recruitment process altogether.
With that said it’s worth noting the other benefits that are sometimes left forgotten…
ACCESS TO SPECIALIST ADVICE & PROCESSES
Outsourcing your back-office delivers skilled staff that your business has at its fingertips. It gives you access to a field of specialists with the know-how and experience to handle all of your agency’s unique requirements be it currency invoicing, overseas tax, invoice finance negotiations and much more.
CONTROL AND STABILITY
When you outsource duties such as invoicing, timesheet management, credit control and invoice finance management, you are outsourcing to a company, not a person. That means you don’t have to worry about the cost or office space of an in-house accounts team when projecting your staff costs for the year. You can utilise these extra funds to grow your business in other areas, giving you the director more control and stability on making important decisions moving forward.
YOU LOOK LIKE A BIGGER AGENCY
Being supported by an outsource accounts team delivers a ‘professional look’ to your clients and candidates. Not only do you look like a bigger agency, but it shows you are thorough in your back-office operations. Everything from invoicing through to your year-end accounts are executed correctly and efficiently. If your clients can see you run a tight ship, they are likely to place greater trust in you.
STAY UP TO DATE ON HMRC LEGISLATION
Outsourcing your back-office & accounts function delivers peace of mind when it comes to new tax legislation and VAT schemes. The outsource company will be responsible for making you aware of economic changes and will ensure your business stays compliant moving forward. They can also provide industry advice on end-game decisions, if say, you were looking to sell your company at some point in the future.
THINK TBOS COULD HELP YOU?
Celebrating 10 years in business, TBOS understands the complete administration side of recruitment and can deliver comprehensive solutions for any size or type of recruitment business. Every agency receives its very own invoicing clerk, bookkeeper, credit controller and specialist recruitment accountant for their business needs. If contractor finance is required, they also receive a FREE invoice finance review and benefit from preferential invoice finance rates to over 170 countries.
In turn, our clients receive significant savings on their back-office costs and receive a specialist administration solution they can depend on whatever their circumstances.
If you would like more information on how TBOS can help you run a more efficient recruitment business, give our team a call today on 0345 504 6333.