Tuesday Tidbit – Complete back office & invoice finance solution

bookkeeping

This week we had a referral from an invoice finance company who were quoting for a recruitment agency. The invoice finance company were in competition with another company who were also offering back office services as part of their funding solution. The recruitment agency insisted on having back office as part of the solution, which our referrer could not provide, so the invoice finance company were at risk of losing the client.

However TBOS were referred to the recruitment agency, and after a phone call and a meeting we managed to demonstrate that we could cope with the back office and accounts element, which gave the client flexibility on the invoice finance. Also, due to TBOS’s involvement, the invoice finance company could offer their client invoice discounting instead of factoring. This was offered at much lower service charges due to the reduction in risk from invoice fraud and the ease of running the facility each month.

To see if we can help you call us on 0845 8811 112 or complete our contact form and one of our team will get back to you to discuss your requirements.