Fund
Cover the gap before clients pay
Pay workers while client invoices are still outstanding. Access funding against eligible invoices to cover the gap.
How invoice funding worksFor recruitment start-ups
Funding for recruitment start-ups.
Build your agency.
Paying workers shouldn’t have to wait until your clients pay you. Fund eligible contract, temporary and permanent recruitment invoices. You can also manage contracts, timesheets and invoicing in Sonovate.
Across Sonovate
Over £8bninvoices funded
1,000+active agencies
UK-baseddedicated support teams
The cash flow gap
Your contractors need paying.
Your clients may take longer.
If you pay contractors every week and your client pays invoices after 60 days, several payment runs can fall due before that client’s money arrives.
Recruitment invoice funding gives you access to money against eligible invoices during that wait, so you can cover worker payments.
It funds work you’ve invoiced for. It isn’t a general start-up loan for costs such as setting up the company or renting an office.
Funding and technology, together
More placements shouldn’t mean doing everything yourself.
Choose the services you need, from worker payments to chasing unpaid invoices.
Pay
Keep track of who’s been paid
Manage worker and supplier payments in Sonovate, with payment status and records together so you can see where each run stands.
Worker paymentsOperate
Spend less time on placement admin
Send contracts, collect timesheets and turn approved work into invoices through one connected process.
Contracts, timesheets and invoicingProtect
Check the client before you commit
Find out whether Sonovate could fund a client before you take on the work. Credit control and bad debt protection for eligible invoices can also be part of your arrangement.
Credit checks and protectionScale
Be ready when a client needs more people
A bigger contract can mean a bigger wage bill before the first invoice is paid. Talk to us about the funding you’d need before committing to those extra placements.
Funding for larger contractsServices and funding depend on your arrangement, eligibility and agreed terms.
How to get started
You don’t need to have everything ready.
Tell us what you’re working on
Your first placement, contractors about to start or a client asking for more people. Let us know where you are.
Talk through the costs
We’ll explain what we could fund, which services fit and what you’d pay.
Get set up when you’re ready
If you decide to go ahead, we’ll explain the information and checks needed to set you up.
Flexible plans for your agency
Pricing built around
your business.
Your business isn’t off the shelf. Your pricing shouldn’t be either.
Tell us what you need to fund and which jobs you want to take off your hands. We’ll tailor your funding, services and pricing to fit.
What you need to fund
The placements you’re making, the invoices you expect and how long your clients take to pay.
What you want us to handle
Timesheets, invoicing, payments or credit control. Tell us what you already manage and where you need support.
Where you’re going
Your first contractor or a larger client on the horizon. We’ll discuss what that would mean for your funding and services.
Before you decide, we’ll explain what you’d pay and what’s included, from recurring fees to any extra charges that could apply.
Get tailored pricingYour questions, answered
How much does it cost?
Your price depends on the funding and services you need. We’ll explain how each fee is calculated, including recurring fees and any extra charges, before you decide.
Can I speak to you before my first placement?
Yes. You don’t need an invoice to start a conversation. You will need an eligible invoice before we can fund it.
How soon could I start using the funding?
You’ll need to complete setup and have invoices approved for funding first. Tell us when your workers are due to be paid so we can explain the checks and timing for getting set up.
Can you fund permanent placements as well as contractors?
Yes. We fund eligible invoices for permanent, contract and temporary placements. You can fund a mix of these with Sonovate.
Do I have to use all the back-office services?
No. You can discuss funding alongside your existing invoicing process, or use Sonovate to manage contracts, timesheets and invoices too. We’ll explain which services are available for your type of work.
Is this a loan to set up my recruitment agency?
No. Funding is linked to eligible recruitment invoices, rather than general business setup costs.
What information do I need to get started?
To enquire, fill in your contact and business details below. If you decide to go ahead, we’ll explain the identity checks and information we need about your business, clients and invoices to get you set up.
Let’s talk about your first placements.
Leave your details and we’ll contact you to talk through what you need to fund, what it would cost and how to get started.
Funding is subject to eligibility and agreed terms.
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