Call 020 7112 4949 for more details.

Transforming the way recruitment agencies fund and manage contractors.

Transforming the way recruitment agencies fund and manage contractors.

Find Out How
Arrange a Demo

Arrange a Demo

See how Sonovate will change your business. Send us some details to arrange a demo.

Why Sonovate Should be Your Number One Choice for Funding Contractors

Sonovate is the number one financier for the recruitment industry - see how we compare to the "big four" banks.

TURNOVER

Sonovate Logo

Lloyds

Barclays

HSBC

RBS

Sonovate

No minimum turnover

Sonovate

Free to Setup

Lloyds

£5k Setup Fee (Avg.)

Barclays

£5k Setup Fee (Avg.)

HSBC

£5k Setup Fee (Avg.)

RBS

£5k Setup Fee (Avg.)

Sonovate

Release 100% of profit

Sonovate

Instant Access

Lloyds

One Month Setup

Barclays

One Month Setup

HSBC

One Month Setup

RBS

One Month Setup

Sonovate

No additional fees

Sonovate

Single Fee,
Simple Pricing

Lloyds

Multiple Fees Payable

Barclays

Multiple Fees Payable

HSBC

Multiple Fees Payable

RBS

Multiple Fees Payable

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CONCENTRATION

Sonovate

Release 100% of Contract Profit

Sonovate

Release 100% of Contract Profit

Lloyds

Release Max. 90% Invoice Value

Barclays

Release Max. 85% Invoice Value

HSBC

Release Max. 90% Invoice Value

RBS

Release Max. 90% Invoice Value

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FINANCE TYPE

Sonovate

Flexible Contract

Sonovate

Flexible
Contract

Lloyds

Six Month
Contract

Barclays

Twelve Month
Contract

HSBC

Twelve Month
Contract

RBS

Twelve Month
Contract

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TECHNOLOGY

Sonovate

Full SaaS
Back-Office

Sonovate

Full SaaS
Back-Office

Lloyds

Limited / Dated Back-Office Technology

Barclays

No Back-Office
Technology

HSBC

No Back-Office
Technology

RBS

No Back-Office
Technology

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SOURCE

Sonovate

Source

Sonovate

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Lloyds

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Barclays

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HSBC

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RBS

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Get in Touch

Find out how Sonovate can help your business grow. Call us or send us your details and we'll be in touch to arrange a call.

020 7112 4949

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Recruitment Focussed

Designed to fit the unique needs of recruitment agencies.

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Simple Pricing

No set-up charges or additional fees, unlike the banks.

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Improved Cashflow

100% of profit paid each week after timesheet approval.

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Unrivalled Flexibility

Easy entry, no restrictions, client-by-client funding.

Finance to Run your Contractors

Designed exclusively for the recruitment industry, Sonovate provides the finance needed to run contractors without the headaches associated with other finance products.

Simple Set Up

Whether you are new to running contractors or already have an established recruitment business, funding contractors is easier than ever.

Regular Cashflow

100% profit released one week after timesheet approval with payroll and invoicing taken care of by Sonovate.

Freedom & Flexibility

With no all-turnover agreement, agencies have the flexibility to choose which clients are funded by Sonovate.

One Fee

Everything is included in one fee and is calculated as a percentage of the turnover to be funded. If you don’t use Sonovate you don’t pay for Sonovate.

Grow Without Restrictions

Providing your clients are credit worthy, Sonovate will not restrict businesses by implementing concentration limits.

Bad Debt Protection

Unlike other products, bad debt protection is included as standard, meaning all placements are covered by bad debt insurance.

Back-Office Team & Technology to Support your Contract Business

An efficient back-office is key for any successful contract recruitment businesses. Sonovate is designed to take care of all contract administration and back-office, providing both a best in class service and peace of mind.

Credit Control

Hassle free credit control - Sonovate manages the collection of client payments diligently and professionally.

Online Timesheets

Fully automated, industry leading online timesheets improve both efficiency and reduce the risk of errors.

Effortless Invoicing

Sonovate take care of all contract invoice tasks on behalf of your agency, saving valuable time.

Payroll

With payroll becoming increasingly more complex, relax knowing one of your key business functions is looked after by Sonovate.

Real-time Reporting

Keep on top of your contract business with a host of real-time reports ranging from financial forecasting through to timesheets.

Expert Support

Sonovate has been designed for the recruitment industry by recruitment professionals. Our support team each have a background in recruitment so understand your needs perfectly.

"Since using Sonovate I can really push hard for clients that before would have been unattainable due to payroll and finance issues." Lee Ghaus - Director Global Bright Stars

"Sonovate's knowledge around recruitment guided us through the early stages of running an agency." Alastair Millar - Director People Force Recruitment

"It’s a breath of fresh air to finally have a company which actually understands recruitment." Will Morris - Director Profectus Recruitment

Get Started

Find out how Sonovate can help your business TODAY

Call Us

Our experienced team are on-hand to answer any questions about how Sonovate can help your business.

020 7112 4949


Arrange a Demo

See how Sonovate is changing the way recruitment agencies run contractors.

Arrange Demo

Arrange a Call

Send us your details and we'll be in touch.