Friday Feature – Only need contractor finance admin? FMC can help.

This week Fund My Contractor was asked by an existing agency if we could provide just the administration process for a number of contractors. The recruitment agency was able to fund the placement itself but was not set up to administer the contracts and run the weekly invoicing and payroll required for the roles.

As there was no funding required, Fund My Contractor would only charge £35 per week per contractor for the service which included: client and candidate contracts, timesheet management and invoicing and payroll services, with the agency providing the funding each week. We did offer the agency to use the TBOS model but they only needed this for a short period and wanted to retain their existing accountant for all other services. The 3 contractors are only on 6-8 week contracts which means the agency only has to pay £105 per week for a full time accounts department for those contractors.

Do your require account administration services for short team contractors or our fully managed funding solution? Give us a call today on 0845 8811 112 or alternatively got in touch through our contact form and one of our team will get back to you as soon as possible.