TBOS Freedom

TBOS Freedom is a competitive funding and administration solution that can be used by any recruiter with a unique opportunity to place 1 contractor, 20 contractors or more. It also provides flexible credit insured funding to over 170 countries, with the added benefit of only paying our fees when your contractors actually work!

TBOS Freedom can be used by new start-ups, existing recruitment agencies and independent recruiters.

Its flexibility makes it a popular choice among our clients as it has no set-up fees or long-term commitment and it can be used whenever you receive an opportunity to place contractors. As the funding is fully credit insured it also provides minimal risk for your recruitment agency.

From the moment you make the placement, our team will fund and administer the contractor from start to finish, covering timesheet management and invoicing, right through to contractor payroll and credit control, giving you more time to focus on making placements.

♦ Pay-As-Your-Contractors-Work

♦ No Set-Up Fees or Long-Term Commitment

♦ Charges are 3% of Client Invoice Value

This service includes:

  • Unlimited Credit Checks
  • Finance to Over 170 Countries
  • Contract Placement Advisory Service
  • Contract Administration
  • Timesheet Management
  • Invoicing (UK & International)
  • Management of Contractor Payments
  • Credit Control
  • Credit Insured Funding
  • Telephone & Email Accounts Support
  • Self-Bill Profit Distribution
  • All of the above services are included within our 3% of Client invoice value charge

 

Recruitment Finance Guide
 

FAQs

Who can use this plan?Fees & PaymentsProcesses & Documents

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?

The charges for our TBOS Freedom are 3% of the invoice value to the client (including VAT) which includes the cost of the contract and invoicing administration, credit insurance and funding costs.  We highly recommend you give our team a call to discuss your specific needs.

Are there any additional costs that I need to be aware of with TBOS Freedom?

The 3% of the invoice value to the client (including VAT) includes all of the charges required to manage the placement and there are no additional set-up charges or fees to run credit checks.  We highly recommend you give our team a call to discuss your specific needs.

What happens if my client goes bust mid contract? Will I still get paid?

All funded placements made with TBOS Freedom are credit insured which is included on the 3% charge.  TBOS constantly monitor our clients to ensure that all of your debt is insured.  Should your client go into administration or liquidation or can’t pay/won’t pay within 120 days 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 3 hours (UK placements only).

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 ncan 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 the weekly fee will slightly increase as it is an overseas placement and credit check can take up to 48 hours to complete.