Payroll Finance

We’ll introduce suitable payroll finance providers

Payroll finance is a form of invoice finance, designed specifically to support the cash flow of recruitment companies, providing the funding that’s required to pay temporary workers’ wages in addition to vital back office support.

At Hilton-Baird, we have a proven track record of introducing recruitment companies to the most suitable payroll finance solutions. We have proven experience in all types of invoice finance– we were voted Invoice Finance Broker of the Year at the Business Moneyfacts Awards in 2018, 2020 and 2022 – and can use our experience to help your business find the best funding solutions available.

Request a call back from a member of our team to discover how we can help, or use our quote tool to find out how much funding your business could secure with a payroll finance facility.
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Payroll finance for recruiters

Payroll finance solutions are specifically designed to help recruitment companies focus on growth by providing vital back office and administrative support across the business, in addition to the funding that’s required to pay temporary workers’ wages.

From calculating complicated tax deductions such as monthly wage payments and supplying dedicated HR support, to managing your credit control function and providing bad debt protection, payroll finance companies bring extensive expertise to your critical processes to leave you the time and resource to find new clients.

Also known as recruitment finance, the payroll finance provider additionally pays temporary workers’ wages on time and raises invoices to your clients, removing the burden entirely from your business.

How does payroll finance work?

Whilst providing the back office support elements listed above, the payroll finance company also releases the funding to pay temporary workers’ wages on time. Here’s how that part of the facility works:

Your business forwards timesheets to the payroll finance provide

They will then raise an invoice and send it to your client, based on the timesheets supplied

The funder pays the temporary workers’ wages, calculating tax deductions and other elements such as student loan repayments, pensions and maternity pay

Any surpluses are made available to your business

The funder then collects payment from your client

What do payroll finance facilities typically include?

Processing and calculating temporary workers’ wages and holiday allocation

Production and postage of payslips

Raising and sending invoices to clients

Dedicated credit control service

Bad debt protection

HR support

100% funding of temporary workers’ wages

Is payroll finance right for my business?

If your business is active in the temporary recruitment arena, payroll finance could be a fantastic, all-encompassing solution to help boost cash flow and remove some of the associated back office headaches.

As a commercial finance broker, we can introduce your business to the most suitable finance companies on the market to ensure you’re benefiting from the right facility.

Call our team on 0800 9774833 to discuss your requirements in more detail and discover how we can assist, or get an instant quote.