Pay As Your Contractors Work
This solution covers:
- Unlimited Credit Checks
- Telephone & Email Accounts Support
- Timesheet Management
- Invoicing (UK & International)
- Invoice Finance
- Credit Control
- Intermediary Reporting
- Management of Contractor Payments (PAYE,
- Umbrella Company/Ltd)
- All of the above services are included within our
- 3% of Client invoice value charge
Get Your Free Ultimate Guide To Recruitment Finance
Frequently Asked Questions
Does TBOS Freedom work for Perm-Only agencies?
If you are a Perm-Only agency with a unique opportunity to place one contractor or several contractors, TBOS Freedom is the perfect plan for you. This will cover the complete funding and administration required for administering the contract placements so you can carry on focusing on your perm-only business.
I’m a new start up Contract agency should I be using TBOS Freedom?
TBOS Freedom is perfect for new start ups as the funding is fully credit insured and the plan is pay-as-you-go. Our fees are based on your productivity so if you’re starting out this is very cost-effective from day 1. Our specialist back-office team will manage the contract placement from start to finish so you can focus on growing your new recruitment business.
I have a bad personal credit rating, will TBOS Freedom fund my contract placements?
TBOS bases its funding decisions on the clients you are invoicing, they are not based on the financial history of the Recruitment Director. If you have bad credit or no assets this will not affect you using our TBOS Freedom plan as the debts are fully insured. TBOS will distribute the profits once the client has made payment.
How much does TBOS Freedom cost?
TBOS Freedom is a pay-as-you-go back-office solution which is charged at a flat-fee of 3% of the invoice value to the client. We highly recommend you give our team a call for a tailored quote to your specific needs.
Are there any additional costs that I need to be aware of with TBOS Freedom?
TBOS Freedom has a flat-fee of 3% of the invoice value to the client which includes all of the costs associated with the funding and administration of the placement. We highly recommend you give our team a call to discuss your enquiry in more detail.
What happens if my client goes bust mid contract? Will I still get paid?
All funded placements made with TBOS Freedom have credit insurance included within our 3% fee. TBOS constantly monitor our clients to ensure that all of your debt is insured. Should your client go into administration or liquidation then you will be reimbursed in full (minus a £500 first loss).
If TBOS produce the contracts and invoices, how do I retain my identity on the placement?
The contracts are created and signed between your client/candidate, you as the agency and TBOS as the service provider. As the Agency you are named as the owner of the client/candidate and placement and are ultimately responsible for the conduct of the placement. TBOS acts as the Service Provider, we are responsible for administering the contracts and invoicing, funding the candidate and receiving the funds from the client.
What happens if a client wants us to use their contract template instead of the TBOS Freedom template?
In this circumstance, TBOS will work with the client and our legal team to add the appropriate clauses to ensure that all parties are protected within the transaction. This would either be in the form of an amendment letter or changing the existing contracts so that TBOS can also sign on the contracts.
It is Friday lunchtime and I have a contractor starting on Monday morning, can you help fund my placement with TBOS Freedom?
As long as all the details we require are sent to TBOS immediately then we can produce the Service Level Agreement, complete the credit check and raise the contracts for signature within 4 hours.
My client has 60-day payment terms and I want to pay my candidate after 30 days, is this possible?
TBOS works to your payment terms and schedules. We do not have weekly or monthly deadlines and we can pay within the terms that you set. This means you have greater control over your candidates and fees.
I have a potential contractor working in Europe in Euros, can TBOS Freedom help me?
Yes, we have many year experience in funding contractors abroad, even more so Europe. Please note credit check can take up to 48 hours to complete.
Book a Consultation
With One of Our Experts
Book a meeting with one of our experts to discuss...
- How TBOS can help you
- The solutions we offer
- Pricing and packages
Latest from the Blog
There is always a sense of celebration within a recruitment agency when they place a candidate within a permanent or contract position. However, even though the placement has been...
When a new recruitment agency engages with an invoice finance company to provide finance on their contractor placements, they will often be asked for a list of their clients to...
An increasing number of firms are using artificial intelligence as part of their recruitment process in an effort to reduce bias, however recent research suggests this approach...