Recruiter secures improved invoice discounting facility
Established in 1997, a trusted provider of recruitment solutions to UK companies, sourcing candidates for blue chip and SME clients, had benefited from the cash flow stability invoice finance provides for many years.
Recently, the business’s sales have grown and, as is prudent periodically, they sought to review their facility to ensure it remained the best fit for their needs.
Having worked with Hilton-Baird historically, their Director engaged with Hilton-Baird’s team once more, to explore potential invoice discounting providers and facilities that would be best suited to them at this juncture. Whilst the facility they had in place had worked well for them, the business had experienced an increased administrative burden following the acquisition of their original provider. They were also keen to explore whether the facility limit and associated costs could be improved.
Hilton-Baird’s team identified suitable providers and facilities that could best serve the recruitment business’s needs going forward. The business opted a confidential invoice discounting facility with a niche provider, based on the anticipated service levels and the fee structure.
Their director commented: “Invoice Discounting works really well for our business but the acquisition of our previous provider had resulted in some changes, which started over time to impact our business, increasing our workload and also resulted in new restrictions. This wasn’t ideal at a time when our business is growing.” She added “Hilton-Baird were supportive and helped us to find an alternative provider that delivered just what we need – with reduced admin burden, a larger facility, improved cost value and, all importantly, improved service. It’s great to have the right facility in place once again, which will continue to support our business as we drive our growth strategy forward.”
