Asset Resourcing had a costly Invoice Finance arrangement that wasn’t suitable for their business needs. Whilst using the TBOS Complete service to run their full back office, Asset Resourcing run their contractors through TBOS Freedom. “TBOS Freedom has been a great solution for us in terms of funding our contractors. Not only do we not have to dip into our own pockets to pay the contractors, TBOS also takes care of the contract paperwork and compliance, giving us the time and freedom to make even more placements! A great service that has proven to be a valuable asset to the company.
15:34 03 May 19
In December 2018 we decided to outsource our Finance function to a 3rd party. After conducting our due diligence across 3 providers we settled on TBOS. To date TBOS and the team have been fantastic and have completely turned our finance function around. They took on a difficult project when we joined them – incorrectly reconciled transactions, missing invoices and our credit control was simply out of control. In a very short time frame TBOS had managed to “unpick” our reconciliation issues, ensured our invoicing was completed on time and primarily our credit control was brought under control resulting in our average debtor days moving from 80 days to 30 days – exceptional work by all concerned. By outsourcing we have made not only a significant reduction in costs but now the directors can concentrate on the business and its strategic plans moving forward knowing our finance side is under complete control which we can monitor with regular forecasts and reporting. I cannot recommend TBOS enough – the time, cost saving and “head space” we now have back is immeasurable and we now look forward to the next growth phase for our business in conjunction with TBOS.read more