How to use Recruitment Finance?
When you apply for a Recruitment Finance facility with us, we’ll agree a funding limit that you can use to unlock the cash tied in your payroll.
Because we believe in helping businesses meet their ambitions, we’ll regularly review your facility so that it grows with your business.
Simply log in your timesheets on the RSM system and the back-office team will raise your invoices for you. We’ll arrange for the funds to be in your account within 24 hours.
Your customers still benefit from your usual credit terms and not much will change for them: your invoices will reflect the new bank account details they need to pay into and they may get to speak to some members of our team based on the type of service you’ve chosen.
Access to RSM’s Pay & Bill services
With our Recruitment Finance facilities, you’ll gain access to RSM’s Pay & Bill services to help with your back office requirements. You input your timesheet information and then we’ll release the funds you need in advance to meet your payroll cost. We’ll also deal with all the associated responsibilities in paying staff; handling pension contributions and dealing with HMRC.