Outsourcing the back office of an existing recruitment agency can be daunting but with TBOS’s help it can be done smoothly and efficiently
There are many recruitment agencies who have been established for a number of years who are running their own back office and accounts department or using an outsourcing company to provide the services required. However TBOS understands that circumstances can change, either with a supporting staff member leaving or the services required by the agency changing or needing refinement.
This is where TBOS can help. Over the years TBOS have helped a number of established recruitment agencies to move their existing back office and accounts function to us, ensuring that all services are fully outsourced.
By moving to TBOS any agency gains the same service they would have received from having internal invoicing, payroll, credit control staff and external accountants at a fraction of the cost, and with all services under one provider.
If some of the services were already being processed by an outsourced provider then by using TBOS this can centralise the back office under one roof, and ensure the agency doesn’t have to get involved with timesheet management or liaising with more than one company.
By moving to a fully outsourced model this has not only provided a cost saving on staff wages but also provided cost savings on the following areas:-
- Accountancy fees
- Office space and furniture costs
- Stationary, postage and printing costs
- Computer, Software and Licencing fees
- Time managing internal back office staff
Plus we can provide a fully functioning Monday to Friday 9am till 5.30pm accounts department function to avoid previous issues of staff holiday, sickness and other HR scenarios.
TBOS have found that where Directors have been completing the books themselves this has freed up their time to concentrate on growing the business and developing their teams. Where Consultants where raising their own invoices this has freed up their time to make more placements, reduce errors and make better use of their time.
Due to TBOS ’s relationships with reputable invoice finance companies, the team can also look to reduce costs on existing factoring and invoice discounting facilities to make a large saving in the long run and ensure that it meets the agency’s needs.
Overall by using TBOS an existing agency should be able to see a significant cost savings and a more comprehensive service allowing the agency to concentrate on selling and recruiting.